Stock market trend on June 3rd: Limited new purchases.

SKĐS - In light of the unfavorable developments in the VN-Index, analysts recommend that investors restructure their portfolios by gradually reducing their holdings and limiting new stock purchases.

According to a market report by Yuanta Securities Vietnam, continued selling pressure on large and medium-cap stocks caused the Vietnamese stock market (VN-Index) to decline for the sixth consecutive session.

The VN-Index closed down 0.98%. Conversely, the HNX-Index extended its winning streak with a strong increase of 3.15%, while the Upcom-Index rose 0.17%. Liquidity on the HOSE increased by 29% compared to the previous session.

The decline in the VN-Index was largely driven by large-cap sectors, particularly the finance and real estate sectors, with nearly 10 points falling from these two groups.

Yuanta Vietnam recommends that investors should limit new stock purchases in the upcoming trading session.

Large bank stocks such as CTG (-2.03%), VCB (-0.90%), and VPB (-1.86) caused the biggest drop in the index.

Conversely, information technology (+0.71 points) led the gains thanks to the excellent performance ofFPT (+2.61%), while insurance (+0.39 points) was boosted by BVH (+3.87%).

The shift of capital towards small-cap stocks has been the most positive, with JVC, TDH, HID, TSC, and HQC all closing at their upper limit.

Foreign investors continued to be net sellers, offloading over 565 billion VND across all three exchanges. The selling pressure was mainly concentrated on HPG (124 billion VND), HDB (122 billion VND), andACB (119 billion VND).

Conversely, foreign investors net bought shares of FPT (482 billion VND), VHM (66 billion VND), and MWG (65 billion VND).

The VN-Index continued to decline with increased trading volume. Consecutive bearish candlesticks indicate that selling pressure is overwhelming. Trend and momentum indicators are also trending downwards with no signs of slowing down.

According to Yuanta Vietnam, the index is likely to test a lower level around 1,810 points. Furthermore, the short-term trend of the VN-Index remains neutral.

Yuanta Vietnam suggests that investors can maintain their current stock holdings and wait for a recovery to restructure their portfolios by gradually reducing their stock holdings. At the same time, investors should limit new stock purchases in the upcoming trading session.

Source: https://suckhoedoisong.vn/xu-huong-chung-khoan-3-6-han-che-mua-moi-169260602204707243.htm