Stocks may be sold off heavily.

At the end of the session on May 20, the VN-Index increased by 4.4 points (+0.35%), closing at 1,277 points.

The stock market increased as soon as it opened on May 20. Large cash flows into trading helped liquidity increase dramatically. The increase in points at the beginning of the session helped the VN Index to reach its old peak of 1,285 points. This prompted investors to sell stocks to take profits, causing the market's growth momentum to narrow.

At the end of the session, the VN-Index increased by only 4.4 points (+0.35%), closing at 1,277 points. Liquidity increased sharply when more than 1.1 billion shares were successfully traded on the HOSE floor.

Among 30 large-cap stocks (VN30), 18 stocks increased in price such as BCM (+7%), BVH (+3.7%), HDB (+2.3%), VPB (+2.1%), HPG (+1.3%) ...

With the above developments, VCBS Securities Company advises investors to consider partial profit-taking of stocks that have shown good price growth momentum, waiting for volatile sessions to buy back at "softer" prices.

Dragon Capital Securities Company (VDSC) commented that although the market continues to increase, profit-taking pressure is increasing and may cause pressure in the next trading session.

"Therefore, investors need to pay attention to the stock supply in the coming time, and can prioritize holding or short-term buying in stocks with good signals from the support price zone" - VDSC recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-21-5-ap-luc-chot-loi-dang-co-dong-thai-gia-tang-196240520171407753.htm