Demand for stocks will increase

Bank stocks continued to increase in price on July 3.

After two sessions of positive stock market gains, profit-taking pressure showed signs of returning in the morning session of July 3. This created a tug-of-war situation for the market and at times the VN-Index went down.

However, profit-taking was not strong, so stock indexes remained balanced.

The good increase in demand in the afternoon session helped the VN-Index bounce back and the banking stocks rose again. In addition, the fertilizer and chemical groups also showed signs of attracting stable cash flow when CSV increased its ceiling price by 7%, BFC increased by 2.8% and DPM increased by 1.7%.

In addition, some stocks with good news such as VOS, TCM, POW also increased in price quite impressively, contributing to the market's upward momentum.

At the end of the session, the VN-Index closed at 1,276 points, up 7 points, equivalent to 0.5%.

Some securities companies VCBS said that the 1280 - 1290 point range of the VN-Index is a short-term resistance level. Therefore, this index will have alternating up and down sessions, accumulating before heading towards 1,300 points.

"The market is on the path of recovery as liquidity and demand show signs of increasing. Investors should maintain a moderate portfolio weight, waiting for adjustments to disburse stocks at the best price. Some industry groups to select stocks are fertilizer, chemicals, steel, oil and gas, electricity..." - VCBS Securities Company commented and recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-4-7-luc-cau-co-phieu-se-gia-tang-196240703155118041.htm