Stocks tomorrow, June 18: Should we use margin?

Entering the new trading week, the market fluctuated mainly in the red price zone, although there were several attempts to regain green but they all retreated afterwards.

At the end of the session, VN-Index decreased by 5 points, closing at 1,274 points. Order matching liquidity on HOSE decreased compared to the previous session, with 779.7 million units.

The VN30 basket of large-cap stocks decreased by 6 points, closing at 1,309 points. In the group, there were 8 stocks increasing in price such as SSB (+1.8%), POW (+1.5%), HPG (+1.2%), GVR (+1.1%), MBB (+0.6%)...

On the contrary, 20 codes decreased in price such as MSN (-2.3%), BID (-2.1%), VIB (-2%), GAS (-1.8%), HDB (-1.7%) ...

Foreign investors continued to net sell on the HOSE with a value of 786 billion VND. Of which, this group strongly sold HPG shares (-147.3 billion VND), FPT (-111.1 billion VND), VHM (-101.8 billion VND)...

VN-Index fluctuations in the past month Source: Fireant

On the other hand, they bought many shares of HSG (+107 billion VND), SAB (+89.9 billion VND), NKG (+45 billion VND), EVF (+41.5 billion VND), CTR (+37.2 billion VND)...

During the trading session, the Steel group had a good increase and actively supported the market. In addition, the Transportation - Warehousing group, the Electricity group, and the Chemical group also made efforts to maintain green.

Rong Viet Securities Joint Stock Company predicts that the market will continue to fluctuate to probe supply and demand in the 1,270 - 1,280 point range in the next trading session before there is a more specific signal. However, the weakening signal in recent times may still cause short-term risk pressure on the market.

"Therefore, investors need to be cautious and avoid falling into an overbought state. At the same time, they can consider the market's recovery to take profits or restructure their portfolio to minimize risks" - Rong Viet recommends.

According to VCBS Securities Company, VN-Index continues to adjust but the amplitude has narrowed, at the same time the general index is in the support zone of 1,260-1,280 points, so it is likely to soon regain balance and it can be said that the market is not too negative at the present time.

VCBS recommends that investors should stay calm, continue to remove weak stocks from their portfolios, and take advantage of corrections to disburse more capital for stocks that have maintained their support levels and have not fluctuated strongly in recent sessions.

However, investors should note that they should only maintain a portfolio weight of 60-70% and not use margin at the present time.

Source: https://nld.com.vn/chung-khoan-ngay-mai-18-6-co-nen-dung-margin-196240617175941506.htm