The stock market this week entered a downward trend with 4 correction sessions. From below 1,270 points, VN-Index was pulled back to nearly 1,250 points. There was a session when the index fell below the important support level mentioned above but still improved at the close.
In today's trading session, the HoSE representative index went below the reference all day with red covering many sectors, notably GAS, VNM and MSN. The market breadth was on the bearish side with 210 codes. However, trading was not very active, with the amplitude for the whole day being just over 6 points.
Absent from the market leading group and without overwhelming cash flow after 14:00, VN-Index closed at 1,251.7 points, down more than 4.6 points compared to the previous session.
Overall, the stock market fell 22.25 points, the most in 7 weeks. The market is at its lowest price in nearly a month.
Today's liquidity inched up to nearly VND11,200 billion. The total transaction value on the HoSE remained low and for the 15th consecutive session, this index fell below the VND20,000 billion mark.
Low liquidity during the market correction on the one hand shows that stocks are becoming less attractive to many investors. However, on the other hand, this also shows that those who are holding stocks are still holding on and have not found a reason to sell at low prices.
Investor sentiment was weighed down by foreign investors continuing to net sell for the second session, but the value dropped to over VND70 billion. Overall, they only prioritized buying in one session with a modest value for the whole week, with total net selling reaching nearly VND2.00 billion.
In an analysis report on September 12, Saigon - Hanoi Securities (SHS) said that in the short term, this is a relatively reasonable price range with the market's growth prospects. Investors can consider increasing and expanding their portfolio to monitor disbursements when the VN-Index firmly tests the range below 1,250-1,255 points. This analysis group expects the market to improve, and cash flow may increase again after the US Federal Reserve (Fed) begins to decide to reduce interest rates in its meeting next week.
From a cautious perspective, SHS believes that we should wait for market liquidity to improve before considering expanding the new disbursement portfolio. The investment target is to focus on leading stocks with good fundamentals, good growth in Q2 business results and positive Q3 prospects.
TH (according to VnExpress)Source: https://baohaiduong.vn/chung-khoan-tuan-nay-giam-hon-22-diem-392969.html
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