(NLDO) – On January 16, foreign investors net sold 3,106 billion VND worth of stocks and this trend may not stop.
At the end of the session on January 16, the VN-Index increased by 6 points (+0.5%), closing at 1,242 points.
The market continued to be green when entering the trading session on January 16. The increase in points in the morning session was quite fast under the leadership of the group of securities stocks, especially VND code hitting the ceiling, helping VN-Index reach the 1,245 point area. However, the market started to slow down at this point and gradually retreated.
In the afternoon session, although the market turned red at times, thanks to strong buying power at the end of the session, many stocks remained green.
At the end of the session, the VN-Index increased by 6 points (+0.5%), closing at 1,242 points. Liquidity increased with 401.9 million shares matched on the HOSE floor.
The notable point of the January 16 stock market session was that foreign investors net sold VND3,106 billion worth of stocks, of which VIC was sold for VND2,048 billion. Since then, many other investors have worried that this "dumping" move may not stop in the next session.
Vietcombank Securities Company (VCBS) warned that the market has not recorded a clear cash flow, allowing stock prices to increase sharply. Therefore, it is likely that the VN-Index will continue to fluctuate.
"Investors should continue to proactively take advantage of the rising times in each session to restructure their investment portfolios, and not chase stocks that are increasing strongly in price" - VCBS recommends.
Agreeing with VCBS, Rong Viet Securities Company advises investors to take advantage of the market's recovery to sell for profit, or restructure their stock portfolio to minimize risks.
Source: https://nld.com.vn/chung-khoan-ngay-mai-17-1-can-trong-khoi-ngoai-xa-hang-196250116190422106.htm
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