Investors avoid short-term "surfing"

The stock market today (November 12) continued to be a session that tested investors' patience as selling pressure increased at the end of the session. At the end of the session, VN-Index decreased by 5.5 points to 1,244.82 points; HNX Index decreased by 0.17 points to close at 226.69 points; Upcom decreased slightly to 92.39 points.

In the morning session, the market opened with an optimistic sentiment, VN-Index increased points but this short-lived recovery increased strong selling pressure. VN-Index quickly plummeted and remained red until the end of the session. VN30 stocks, which are the pillars that have a great influence on the index, were under strong selling pressure such as retail groups MWG, MSN; CTG,FPT , GVR...

Market liquidity continued to disappear when the total value of matched transactions of VN-Index was just over 12,500 billion VND, down 28.89% compared to the previous session. Foreign investors have not stopped their net selling streak with over 600 billion VND on HOSE, focusing on TCB, PVD, MSN.

The stock market is still in the red.

A notable highlight in today's session was the shining of HAG stock (Hoang Anh Gia Lai Joint Stock Company) when it closed in purple, up 6.67% to 11,200 VND/share compared to the previous session. Liquidity was extraordinary with more than 26.3 million shares changed hands.

Commenting on the stock market tomorrow (November 13), Mr. Vo Kim Phung, Head of Analysis Department of BETA Securities Company, said that with strong selling pressure from foreign investors and the lack of new cash flow, investors need to be cautious. This is an important time for investors to review and restructure their portfolios, prioritizing stocks with long-term growth potential. "Avoid short-term, hasty transactions and strengthen risk management in a period that requires patience and long-term vision," Mr. Phung said.

Experts from Vietnam Construction Securities Company (CSI) also said that investors need to be more cautious and avoid buying more stocks at a lower average price. It is not impossible that the VN-Index will correct to the support zone around 1,230 points. If at this level, the decline slows down, then consider opening new stock buying positions.

Source: https://nld.com.vn/chung-khoan-ngay-mai-13-11-nha-dau-tu-tranh-luot-song-ngan-han-19624111217484153.htm