Be cautious when buying new shares.

(NLDO) - VCBS Securities Company believes that strong profit-taking pressure is present. Investors should cautiously observe the market before making new stock purchases.

Trading volume on March 3rd exceeded 21,000 billion VND, but the VN-Index only rose by 4 points.

Opening the trading day on March 3rd, Vietnamese stocks maintained their positive momentum thanks to the rise of real estate stocks VIC and VHM, as well as several large-cap stocks such as GAS, EIB, and DGC. Capital flows continued to be strongly diversified and concentrated in highly speculative stock groups.

Entering the afternoon session, the VN-Index showed more positive performance, led by the securities sector stocks, especially small-cap stocks such as FTS, VIX, BSI…

At the close of trading, although liquidity exceeded 21,000 billion VND, the VN-Index only increased by 4 points, closing at 1,309 points. This indicates strong profit-taking selling pressure, which may continue in the next session.

According to VCBS Securities Company, the market has shown clearer signs of profit-taking selling pressure, and safe buying positions are no longer abundant. Therefore, investors can realize profits with stocks that have reached their targets, especially highly speculative stocks, and should carefully observe the market before making new purchases.

Rong Viet Securities (VDSC) predicts the market will continue to test the previous peak around 1,306 points and approach the resistance level of 1,310 points at the end of the trading session on March 3rd. If it breaks through this level with good liquidity, the market will have the opportunity to extend its upward trend in the next session.

Source: https://nld.com.vn/chung-khoan-ngay-mai-4-3-than-trong-mua-moi-co-phieu-196250303174821604.htm