Stocks still trading sideways?

At the end of the session on May 27, the VN Index closed at 1,267 points, up 5.7 points.

At the opening of trading, although many stocks increased slightly, selling pressure immediately appeared, causing the market to fluctuate around the reference point of the VN-Index.

In the morning session, while banking stocks fell, the group of 30 large stocks (VN30) increased impressively.

Entering the afternoon session, active selling liquidity continued to increase, causing the general indices to turn red. Some stocks that increased in the morning session in the rubber and banking groups such as GVR, PHR, and ACB all narrowed their price increase.

In this context, electricity stocks still maintained their upward momentum when POW increased by 6.6%, TV2 increased by 5.5%...

Near the end of the session, a sudden increase in purchasing power helped the market gain points again. At the end of the session, the VN Index closed at 1,267 points, up 5.7 points.

VCBS Securities Company believes that the strong increase in active buying liquidity near the end of the session is a necessary factor for stock prices to have upward momentum.

"The market is showing signs of stability. Investors can take advantage of the fluctuations in each session to partially disburse funds for stocks attracting cash flow in the electricity and rubber industries..." - Mr. Nguyen Quoc Bao, senior analyst at VCBS Securities Company advised.

Meanwhile, Dragon Viet Securities Company (VDSC) said that liquidity on May 27 decreased sharply when only more than 726 million shares were successfully traded. This proves that the buying and selling power of stocks is cooling down.

"The market will continue to probe the supply and demand of stocks in the next trading session. Investors need to closely observe market developments and avoid falling into an overbought state" - VDSC forecasts and recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-28-5-co-phieu-con-giao-dich-giang-co-196240527173441133.htm