(NLDO) - Despite strong net selling by foreign investors, the stock market still increased very strongly today, bringing expectations of continued growth.
Right after the sharp decline on the first day of the year, the stock market today, February 4, "compensated" for investors' losses with a sharp increase.
VN-Index recovered strongly with bottom-fishing demand. Large-cap stocks, especially those in the banking and securities groups, played an important role in strengthening the market's recovery trend.
In the afternoon session, strong cash flow into the market helped VN-Index maintain its upward momentum and close at the highest level of the day. VN-Index increased by 11.65 points to 1,264.68 points; HNX Index increased by 3.12 points to 226.61 points.
Improved liquidity with total trading value on HOSE exceeding VND15,300 billion shows more positive investor sentiment. Stocks contributing to the increase include CTG, HPG, TCB, VCB, MBB...
Despite foreign investors still tirelessly net selling more than VND940 billion on the HOSE floor, the market still had 361 stocks increasing, 50 stocks unchanged, and 106 stocks decreasing.
Stock market is green in today's session, opening up expectations of further increase tomorrow
Commenting on tomorrow's trading session, February 5, Mr. Vo Kim Phung, Head of Analysis, BETA Securities Company, said that although market sentiment has stabilized and the recovery trend is spreading, investors still need to remain cautious. Although some groups of stocks attract cash flow, massive disbursement can pose risks when the market has not really confirmed a sustainable trend.
"The reasonable strategy at this stage is to disburse part of the investment into stocks with solid fundamentals, good liquidity and benefiting from positive macro factors. Foreign investors are continuously withdrawing, creating pressure on the market, which can affect investor sentiment. Therefore, instead of chasing high prices, investors should prioritize correction periods to accumulate quality stocks," said Mr. Phung.
Experts from Vietnam Construction Securities Company (CSI) also said that liquidity was a notable highlight today when the matched volume far exceeded the 20-session average (up 36.2%), signaling the return of large cash flows. Investors continue to hold their portfolios and can boldly increase the proportion of stocks that are making profits after today's explosive session.
SHS Securities Company believes that in the short term, the market will be under a lot of pressure from the world when technology and telecommunications stocks are adjusting, being sold off heavily with liquidity increasing quite dramatically. However, the intrinsic quality of the VN-Index is improving well, many stocks and groups of stocks have business results in the fourth quarter of 2024 increasing quite prominently. Many stocks are at relatively attractive prices compared to the intrinsic value of the business and medium and long-term growth prospects, and can be considered for accumulation.
Source: https://nld.com.vn/chung-khoan-ngay-mai-5-2-khoi-sac-sau-tet-nha-dau-tu-lai-hao-hung-196250204173759012.htm
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