At the close of trading on August 15th, the VN Index closed at 1223 points, down 6.8 points.
Due to weak liquidity and a sharp decline in demand, a series of stock groups were in the red during the morning session of August 15th. However, thanks to some large-cap stocks such as VCB, VIC, and VHM that saw slight price increases, the overall market decline was insignificant.
Entering the afternoon session, selling pressure unexpectedly increased, causing a surge in declining stocks across the market. Stocks that had supported the index in the morning session also gradually weakened. Foreign investors continuously engaged in buying and selling throughout the session, ending with net purchases totaling 119 billion VND, focusing on stocks such as CTG, TCH, and VNM…
At the close of trading, the VN Index settled at 1223 points, down 6.8 points, or 0.55%. Liquidity on the HoSE exchange decreased, with only 497 million shares successfully traded.
Some securities firms believe that liquidity continued to decline on August 15th, and the increased price slippage in stocks put pressure on the overall index. However, the stock market still held the support level of 1,220 points, so the market needs confirmation from capital inflows to regain balance.
Meanwhile, Vietcombank Securities Company (VCBS) stated that if demand for stocks does not improve and investors remain cautious, the VN-Index will inevitably experience fluctuations, possibly retreating to the 1,210 point mark.
"The slowdown in cash flow and the decline in liquidity indicate that investors have not yet abandoned their cautious approach to buying and selling stocks. If this situation does not improve, investors should consider realizing profitable trades, while limiting new stock purchases and patiently waiting for clear confirmation signals from the market," VCBS recommended.
Source: https://nld.com.vn/chung-khoan-ngay-mai-16-8-can-nhac-ban-co-phieu-da-co-lai-196240815162811012.htm
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