VN-Index on July 17 increased by 4.7 points (+0.41%), closing at 1,173 points.
Vietnamese stocks on July 17 had their seventh consecutive session of gains. However, the supply-demand tug-of-war in many stock groups caused the market to narrow its growth momentum. VINGROUP stocks (VHM, VIC, VRE) were one of the bright spots that helped the market maintain its green color. Some stocks in the real estate group (PDR, DXG, HDC...), textiles, plastics... also increased significantly.
At the end of the session, the VN-Index increased by 4.7 points (+0.41%) and closed at 1,173 points. Liquidity decreased compared to the previous session with 851 million shares matched on the HOSE floor.
According to VCBS Securities Company, in the trading session on July 17, the stock differentiation was quite clear when demand was only concentrated in individual industry groups. The most prominent were real estate and securities stocks with increases of 1.6% and 1.1%, respectively.
"Buyers and sellers continuously traded tug-of-war every time the VN-Index approached the 1,170-point zone. Therefore, this index may fluctuate more strongly in the following sessions. Investors can consider taking profits in the short term, taking advantage of the fluctuations to buy back, and prioritizing holding industries that attract cash flow such as securities, real estate, and insurance" - VCBS Securities Company forecasted and recommended.
Meanwhile, Mr. Nguyen Huy Phuong, Deputy Head of Investment Consulting for Individual Clients, Rong Viet Securities Company (VDSC), commented that the positive point in the session on July 17 was that the supply of stocks had cooled down. With this signal, the market is likely to maintain an upward trend in the next session, but the development will be slow because investors continue to probe the supply and demand of stocks.
"Therefore, investors still need to closely monitor cash flow efforts to choose the right time to buy and sell," Mr. Phuong suggested.
Mr. Huynh Trung Tin, analyst at Thanh Cong Securities Company (TCSC), recommends that in the context of the market having 7 consecutive sessions of increase, investors need to monitor unusual developments for each stock code to decide to take profits, not to chase buying in the coming sessions. In particular, the derivatives maturity session will take place on July 20, which may have unpredictable developments.
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