Banking stocks continued to rise on July 3rd.
After two relatively positive trading sessions, profit-taking pressure returned during the morning session on July 3rd. This created a tug-of-war in the market, and at times the VN-Index declined.
However, profit-taking was not intense, so the stock indices remained in balance.
Strong buying pressure in the afternoon session helped the VN-Index rebound, and banking stocks also rose. In addition, the fertilizer and chemical sectors showed signs of attracting stable capital flows, with stocks like CSV hitting the ceiling price with a 7% increase, BFC rising 2.8%, and DPM increasing 1.7%.
In addition, several stocks with positive news, such as VOS, TCM, and POW, also saw impressive price increases, contributing to the market's upward momentum.
At the close of trading, the VN-Index settled at 1276 points, up 7 points, or 0.5%.
Some securities companies, such as VCBS, have indicated that the 1280-1290 point range of the VN-Index is currently a short-term resistance level. Therefore, the index will experience alternating periods of gains and losses, consolidating before heading towards 1,300 points.
"The market is on a recovery path as liquidity and demand are showing signs of increasing. Investors should maintain a moderate portfolio allocation, waiting for corrections to invest in stocks at the best prices. Some sectors to consider for stocks include fertilizers, chemicals, steel, oil and gas, and electricity..." - VCBS Securities Company commented and recommended.
Source: https://nld.com.vn/chung-khoan-ngay-mai-4-7-luc-cau-co-phieu-se-gia-tang-196240703155118041.htm
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