Market may extend rally

(NLDO) - The supply of stocks is not large yet, cash flow is still waiting for an opportunity to exploit, which can help stocks increase their scores.

At the end of the session, the VN-Index increased by 3.7 points (+0.29%), closing at 1,273.8 points.

Vietnamese stocks continued to trade sideways around the reference level in the morning session of December 9. In the afternoon session, the market's efforts to increase points became clearer but then gradually cooled down.

At the end of the session, the VN-Index increased by 3.7 points (+0.29%), closing at 1,273.8 points. Liquidity decreased with 584.7 million shares matched on the HoSE floor.

With the market’s efforts to increase points, although many stock groups continued to be green, the differentiation was quite clear. Real estate, construction and building materials, steel… groups had quite exciting developments, helping the market increase points.

Rong Viet Securities Company (VDSC) said that liquidity on December 9 decreased but was still above the 20-session average, showing that cash flow is waiting for opportunities to exploit when supply pressure is not yet great.

"The market will expand its uptrend in the coming time and test the resistance zone of 1,280 - 1,300 points. Therefore, investors can expect the possibility of expanding the market's recovery, and can exploit short-term gains in some stocks with positive developments" - VDSC forecasts and recommends

Meanwhile, Vietcombank Securities Company (VCBS) stated that if cash flow maintains differentiation and stable liquidity, the VN-Index will soon reach the 1,300 point mark.

"Investors are taking advantage of stocks that have reached their target of surfing, gradually switching to partial disbursement of stocks that maintain an upward trend, attracting stable cash flow in the steel, real estate, and seafood industries..." - VCBS advised.

Source: https://nld.com.vn/chung-khoan-ngay-mai-10-12-thi-truong-co-the-noi-rong-da-tang-diem-196241209172636443.htm