The VN-Index lost over 6 points (-0.48%) on March 19, closing at 1,324 points as cautious trading persisted from the previous session.
Investors cautiously approached the trading session on March 19, following the lackluster performance in the previous session. The market struggled as many stocks dipped into negative territory. While large-cap stocks such as VCB, GVR, LPB, and SAB remained in the green, they lacked the momentum to buoy the overall index. Consequently, the VN-Index trended downward for most of the morning session.
In the afternoon session, the market continued to experience volatility but showed some improvement in terms of point scores. The biggest drags on the index were MWG, FPT, and VPB, which faced significant selling pressure from foreign investors.
On the flip side, there were signs of capital inflows into the rubber and chemical sectors, with notable gains in GVR (up 4.19%) and PHR (up 3.21%). Additionally, some large-cap stocks like VIC, VHM, and VCB managed to stay in positive territory, curbing the decline in the VN-Index.
At the close, the VN-Index lost over 6 points (-0.48%), settling at 1,324 points. Trading volume increased, with 835.6 million shares changing hands on the HOSE.
According to Dragon Vietnam Securities Co., Ltd. (VDSC), the higher trading volume compared to the previous session indicates that profit-taking is putting pressure on the market, particularly with foreign investors’ net selling activities.
“The tug-of-war in stock trading is likely to continue in the next session. Investors should exercise caution and avoid getting caught in an overbought situation,” VDSC predicted and advised.
Meanwhile, VCBS suggested that investors could selectively invest in stocks that maintain their support levels and are not under pressure to adjust in line with the VN-Index for short-term trading opportunities.
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