VN-Index reversed unbelievably, escaping consecutive sharp declines

At the end of the trading session on October 28, VN-Index increased by 27.96 points (1.69%) to 1,680.50 points, HNX-Index increased by 1.42 points (0.54%) to 266.78 points. Meanwhile, UPCoM-Index decreased by 0.28 points (0.25%) to 110.96 points.

VN30-Index increased 48.52 points (2.55%) to 1,949.28 points.

Total market liquidity reached over VND32,600 billion, of which HoSE accounted for over VND29,600 billion. On HoSE, green dominated with 219 stocks increasing and 91 stocks decreasing. Foreign investors net bought over VND1,400 billion.

The VN30 basket recorded positive signals when 28 codes increased overwhelmingly and only 1 code decreased, PLX. VJC was the focus when it increased to the ceiling price of 187,500 VND/share. HDB also increased to the ceiling price of 32,3500 VND/share and there were no sellers.

In today's session, the stock groups leading the market included: VIC increased by 2.85%,FPT increased by 4.29%, VPB increased by 4.06%, STB increased by 4.03%, TCB increased by 2.71%. On the contrary, some stocks put pressure on the market such as TCX decreased by 3.83%, NVL decreased by 2.9%, VPL decreased by 1.23%.

Banking stocks “soared” in today’s trading session as green covered the floor. Only a few stocks decreased such as ABB, NVB, BAB.

Earlier, in the morning session, VN-Index fell 22.74 points (1.38%) to 1,629.8 points; HNX-Index lost 1.35 points (0.51%) to 261.01 points; while UPCoM-Index fell 0.4 points (0.36%) to 110.84 points. Many people thought of a second consecutive sharp decline, after losing more than 30 points yesterday (October 27).

VN-Index reversed, increasing nearly 28 points in the session on October 28. (Illustration photo).

Although the VN-Index improved in today's session, analysts still recommend that investors should be cautious in all decisions.

MB Securities (MBS) believes that the main trend of the market in the coming time is sideways. This group advises investors to observe the phase difference between VN-Index and many stocks, meaning that the index has a strong recovery period but most stocks do not increase.

Yuanta Vietnam Securities (YSVN) forecasts that the short-term trend of the general market will remain at a downward level. Therefore, investors can continue to hold the proportion of stocks at 20-40% of the portfolio and should not sell at the current stage. New buying positions can be considered with a low proportion to explore the short-term trend.

Dragon Viet Securities (VDSC) recommends that investors temporarily need to be cautious about short-term market risks and observe supply and demand developments to assess the market status.

“ Investors can consider the recovery fluctuations in the coming time to take profits or restructure the portfolio to minimize risks. On the buying side, if the portfolio proportion is at a reasonable level, investors can consider waiting to buy short-term stocks that have had positive developments recently and have quickly retreated to good support zones ,” VDSC stated.

HOANG DUNG

Source: https://vtcnews.vn/vn-index-dao-chieu-kho-tin-thoat-phien-giam-manh-lien-tiep-ar983743.html