(NLĐO) - At the close of trading on March 12, although the stock market maintained its upward trend, this trend may reverse in the next session.
At the close of trading on March 12, the VN-Index rose 1.8 points, closing at 1,334 points.
Following the recovery from the previous session, the stock market opened in positive territory on March 12th. The VN-Index briefly approached 1,343 points. However, stock prices subsequently cooled down as investors sold off to recover capital.
Entering the afternoon session, after turning red, the market quickly recovered thanks to large-cap stocks maintaining their green color, while strong buying pressure on VND and VIX stocks in the securities sector positively impacted investor sentiment.
At the close of trading, the VN-Index rose 1.8 points (+0.14%), closing at 1,334 points. Trading volume increased with 851.3 million shares traded on the HoSE exchange.
Rong Viet Securities (VDSC) believes the market continues its upward trend but is experiencing some competition. Liquidity increased slightly compared to the previous session, indicating an increase in the supply of shares and putting pressure on the market. It is possible that the VN-Index will fluctuate or undergo a correction in the next trading session.
"Investors should slow down and avoid becoming overbought, considering taking short-term profits on stocks that have risen rapidly to resistance levels," VDSC recommends.
VCBS Securities Company stated that the VN-Index rose on March 12th, mainly due to localized capital flows into a few large-cap stocks. Subsequently, the market saw selling pressure from profit-taking.
VCBS Securities Company's view is that stock investors should realize profits from stocks that have already increased in price, and may consider investing in stocks that are poised for an upward trend during upcoming periods of volatility.
Source: https://nld.com.vn/chung-khoan-ngay-mai-13-3-vn-index-co-the-bi-dieu-chinh-196250312174006008.htm
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