Stock market drops after 4 consecutive sessions of increase - Lang Son Newspaper and Radio and Television

Investors monitor stock market developments at the HOSE floor. (Photo: Hua Chung/VNA)

After a vibrant trading session yesterday (May 8), the stock market slowed down today, reflecting investors' hesitation.

At the end of the trading session on May 9, VN-Index decreased by 2.5 points to 1,267.3 points. Thus, after 4 consecutive sessions of increasing points, the stock market has turned to decrease points.

Trading volume on HOSE reached over 746.6 million shares, equivalent to over VND17,061 billion. The entire floor had 136 stocks increasing in price, 174 stocks decreasing in price and 58 stocks remaining unchanged.

HNX-Index decreased 1.08 points to 214.13 points. Trading volume reached more than 62.3 million shares, equivalent to more than 856.3 billion VND.

The entire floor had 70 stocks increasing in price, 99 stocks decreasing in price and 59 stocks remaining unchanged. UPCOM-Index increased by 0.42 points to 98.4 points. Trading volume reached more than 46 million shares, equivalent to more than 475.3 billion VND. The entire floor had 181 stocks increasing in price, 120 stocks decreasing in price and 133 stocks remaining unchanged.

Most stocks are mixed with green and red intertwined and the trend is unclear. For example, the VN30 basket has 8 stocks increasing in price, 15 stocks decreasing in price and 7 stocks remaining unchanged. The increase and decrease of 30 stocks in the VN30 basket is not large, mostly under 1%. The stock with the strongest increase is LPB with 4.39%, followed by FPT with an increase of 1.49%. Red dominates today's session, however, the decrease is not large.

Following the market developments, foreign investors also returned to net selling about 88 billion VND after 4 net buying sessions; in which, they focused on selling strongly on VCB, VHM and NVL codes...

According to analysts from Vietnam Construction Securities Company (CSI): The VN-Index has tested the first level in the expected resistance range of 1,270-1,300 points - the equilibrium point before the corresponding tax information is announced.

Although closing could not conquer the 1,270 point mark, we still maintain a positive signal with a high possibility that VN-Index will reach the 1,300 point mark in the near future.

At the moment, excitement is overwhelming, so investors need to avoid feelings of regret and excessive greed.

So we limit the buying and need to realize part of the profit.

Especially in the new buying trend, it is necessary to be cautious and only buy a small proportion of the general market that has a correction around the 1,255 point mark./.

Source: https://baolangson.vn/thi-truong-chung-khoan-giam-diem-sau-4-phien-tang-lien-tiep-5046610.html