Money continued to flow into the stock market with the expectation that the VN-Index would continue to increase after the explosive session. However, many people also took advantage of the increase to take profits, causing the market to show signs of struggling after 10 o'clock.
Liquidity increased sharply
At 10:00 a.m. on August 19, the VN-Index was trading at 1,260 points, up more than 8 points compared to the reference. The HNX-Index was up more than 1 point to 236.15 points while the Upcom Index was up slightly to 93.62 points.
Notably, the increase narrowed significantly compared to a few minutes earlier as investors became optimistic about the market's prospects after a bullish session last weekend.
The strong increase in liquidity shows that investors' money is flowing into the market positively. Just over 1 hour after opening, the transaction value on the HOSE floor was over 5,200 billion VND.
Many stocks in various industries performed positively, from real estate, steel, securities, real estate, oil and gas, etc.
On many groups, forums, and forums, investors are actively discussing stocks in various industries – different from the quiet atmosphere last week when the VN-Index traded sluggishly with low liquidity.
Stocks in the VN30 basket are positively impacting the market from BID, HPG, VCB, VNM, PNJ.
Comments on the first trading session of the new week
However, after 10 a.m., the increase slowed down as many investors who "bought the bottom" of low-priced stocks last week began to take profits. By 10:30 a.m., the VN-Index had only increased by more than 6 points, the HNX-Index had increased by more than 0.7 points, and the UpCoM-Index had increased by more than 0.1 points. Many stocks in the securities and real estate sectors had narrowed their increase or returned to the starting line.
Commenting on the trading session on August 20, VPS Securities Company said that the stock market increased strongly at the end of the week and closed above the 1,250 point mark with positive liquidity improvement.
Cash flow spread across almost all groups and industries under the leadership of stocks in the financial, real estate, retail sectors... Therefore, VN-Index today is likely to continue its recovery momentum towards the 1,260 - 1,270 point area.
Market trend analysis this week
“The market experienced a breakout session, helping the VN-Index further consolidate the mid-term recovery trend towards the old peak of 1,290 – 1,300 points from the bottom around 1,200 points. Stock groups such as finance, shipping, utilities, chemicals, and oil and gas will be the focus of the market,” said VPS experts.
Commenting on the market trend this week, MBS Securities Company also said that the domestic market had an explosive increase last weekend, breaking the 5-week consecutive decline of the VN-Index. In the short term, the market may head towards the 1,260 or 1,270 point areas.
“Compared to the short-term bottom, the VN-Index has increased by 68 points (+5,76%), some stock groups have better resilience and attract cash flow such as food, oil and gas, banking, retail, securities, public investment, textiles, logistics, real estate... Investors can consider making new disbursements or restructuring their portfolios” – MBS experts expressed their opinion.
Source: CafeF
