(NLĐO) – Foreign investors resumed net buying on December 24th, along with bargain hunting for stocks, which is expected to help the VN-Index trade more favorably tomorrow.
The trading session on December 24th was quite unexpected, with strong selling pressure causing the VN-Index to lose nearly ten points at one point. The VN-Index only recovered when bargain-hunting demand emerged in the afternoon, focusing on VN30 stocks.
At the close of trading, the VN-Index fell 2.4 points to 1,260.36 points; the HNX Index fell 0.15 points to 228.36 points. The real estate sector contributed to the market decline, with the negative performance of DXG shares (-6.8%), which spread to other stocks in the sector such as HDC, DPG, and PDR. Conversely, some real estate and industrial real estate stocks performed well, with strong gains in LHG and HBC.
The total value of matched transactions on the VN-Index reached 12,063 VND, an increase of 28.9% compared to the previous session. Foreign investors also reversed course and bought net 45.17 billion VND on the HOSE exchange, with a focus on SSI, MWG, STB, etc.
Despite a sharp increase in liquidity, selling pressure prevailed, indicating cautious sentiment. Foreign investors showed positive movement, reversing to net buying, which helped narrow the decline in the afternoon session. However, this improvement was not enough to reverse the overall situation as demand remained insufficient.
Tomorrow's stock market is expected to continue to see buying interest at the bottom of the market.
Commenting on tomorrow's trading session, December 25th, Mr. Vo Kim Phung, Head of Analysis Department at BETA Securities Company, said that the market still shows no signs of improvement in the short term. Increased selling pressure and investor caution are hindering the recovery trend.
"Investors should prioritize a wait-and-see strategy, anticipating clearer signals. They can focus their attention on stocks in sectors with positive earnings expectations in Q4 2024, especially those with strong fundamentals and long-term growth prospects," Mr. Phung said.
Experts at Vietnam Construction Securities Company (CSI) also maintain the view of holding the portfolio and patiently waiting for a breakout signal, consolidating the upward trend to increase the proportion of stocks.
SHS Securities Company believes that in the short term, the VN-Index will experience significant divergence, heavily dependent on the intrinsic quality of individual businesses. The market is awaiting new growth drivers such as Q4 2024 earnings results and the outlook for 2025.
"The market is expected to break out of the consolidation trend that has lasted since the beginning of the year, especially the group of stocks with large market capitalization in banking and real estate. Investors should maintain a reasonable allocation and still consider selectively investing in fundamentally sound stocks, aiming for leading stocks in their respective sectors," – an expert from SHS Securities recommended.
Source: https://nld.com.vn/chung-khoan-ngay-25-12-xuat-ien-luc-cau-bat-day-co-phieu-khoi-ngoai-nhap-cuoc-196241224175015545.htm
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