In the afternoon trading session on July 30, VN-Index brought many emotions to investors. 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 has been continuously climbing and falling at a rapid pace, causing a lot of anxiety and suspense for investors. Surprisingly, banking and retail stocks performed positively, helping to save the market. Support from large stocks in these two sectors helped the VN-Index recover at the end of the session, bringing the index close to the reference level and avoiding a sharp decline.
At the end of the session, VN-Index narrowed from the sharpest decrease of up to 10 points and closed near the reference price, only down -1.54 points, closing at 1,245.06 points; HNX-Index decreased -1.65 points, closing at 235.87 points.
Banking stocks helped the market recover while financial services and securities caused the market to fall sharply...
Stock market escapes sharp decline at last minute, positive forecast for next session
The total matched transaction value of VN-Index reached 12,578 billion VND, up 19.88% compared to the previous session, although the negative point was still the net selling momentum of foreign investors with more than 300 billion VND on the HOSE floor.
Commenting on tomorrow's trading session (July 31), Mr. Vo Kim Phung, Head of Analysis Department, BETA Securities Company, said that although the market decreased slightly, increased liquidity is a positive signal showing 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 transactions, opening up hope for the next sessions, when investor sentiment gradually opened up, the market could grow again," said Mr. Phung.
From another perspective, experts from Vietnam Construction Securities Company (CSI) believe that although the decline has significantly narrowed, there has been no sign of a bullish reversal. Therefore, CSI maintains a cautious stance, recommending that investors continue to wait patiently before opening additional buying positions to increase the proportion of stocks.
According to securities companies, investors can take advantage of the opportunity to disburse funds for stocks that are at attractive prices and have good potential for future development, although risk management is still needed to cope with unpredictable developments in the market.
Source: https://nld.com.vn/chung-khoan-ngay-mai-31-7-rung-lac-du-doi-co-hoi-van-con-196240730173909532.htm
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