Violent shaking, but is there still a chance?

During the afternoon trading session on July 30th, the VN-Index offered investors a rollercoaster of emotions. In contrast to the sluggish trading with low liquidity throughout the morning session, the market witnessed rapid and unexpected changes in the afternoon.

The VN-Index experienced rapid and volatile swings, causing considerable anxiety and suspense among investors. Unexpectedly, banking and retail stocks performed positively, helping to salvage the market. Support from large-cap stocks in these two sectors helped the VN-Index recover towards the end of the session, bringing the index close to its reference level and preventing a sharp decline.

At the close of trading, the VN-Index, after its sharpest decline of up to 10 points, narrowed its losses and closed near the reference price, down only 1.54 points, at 1,245.06 points; the HNX-Index fell 1.65 points, closing at 235.87 points.

Banking stocks helped the market recover, while financial services and securities stocks caused a sharp decline…

The stock market avoided a sharp decline at the last minute, with positive forecasts for the next session.

The total value of matched transactions on the VN-Index reached 12,578 billion VND, an increase of 19.88% compared to the previous session, although the negative point was the net selling by foreign investors of over 300 billion VND on the HOSE exchange.

Commenting on tomorrow's trading session (July 31), Mr. Vo Kim Phung, Head of Analysis Department at BETA Securities Company, said that although the market experienced a slight decline, the increased liquidity is a positive sign indicating that the interest and expectations of domestic investors are improving.

"The recovery at the end of today's session shows the flexible response of investors. Liquidity gradually improved as investors increased trading, opening up hope for the following sessions, when investor sentiment gradually opens up and the market can grow again," Mr. Phung said.

From another perspective, experts at Vietnam Construction Securities Company (CSI) believe that although the decline has narrowed significantly, the signal for an upward reversal has not yet appeared. Therefore, CSI maintains a cautious view, recommending that investors continue to patiently wait before opening additional buying positions to increase their stock holdings.

According to securities firms, investors can take advantage of opportunities to invest in stocks that are currently at attractive price levels and have good growth potential in the future, although risk management is still necessary to cope with unpredictable market developments.

Source: https://nld.com.vn/chung-khoan-ngay-mai-31-7-rung-lac-du-doi-co-hoi-van-con-196240730173909532.htm