The stock market is in a state of exploration as investors are mainly standing on the sidelines, waiting for the market's equilibrium point, causing liquidity to drop sharply, and the indices are therefore only slightly fluctuating.
Liquidity decreased with the lowest matched volume on HSX since the beginning of the year, reflecting a very cautious sentiment and the possibility that the market may continue this trend in the coming sessions.
Partly due to relatively low short-term supply pressure, as well as limited demand, cautious investor sentiment before the market ends Q2/2024 in the next session, as well as the first 6 months of 2024.
Recording information on the market, the decline in the market has caused many investors to panic, searching and deducing the causes to try to explain the decline in the market, from exchange rate pressure, foreign net selling, margin pressure when securities companies narrowed supply to prepare for the semi-annual reporting season, to even suspicious information about the KRX system.
Besides, the strong net selling of foreign investors is indeed one of the major negative points of the market over the past time. The intensity of foreign investors' net selling has significantly increased in the past month and created a heavier psychological pressure on the market.
According to Dr. Nguyen Duy Phuong, Investment Director of DG Capital, this information will have a short-term impact on the market, but most of it has already happened and is not a new issue. The impact may also be more local than widespread on the market. The important thing is whether the current investor's proportion is appropriate to the market state or not. Maintaining a suitable proportion, according to Mr. Phuong, is more important and meaningful than trying to guess whether the market has finished falling or will continue to fall.
Experts from Vietcombank Securities Company (VCBS) commented that if the market continues to accumulate with low liquidity for 3-5 sessions, the VN-Index will establish a new accumulation base in the high zone and be the premise to expect a more positive development to return.
VCBS recommends that investors should maintain a defensive mindset, only maintaining a moderate stock ratio. Prioritize holding stocks that are holding the support zone and tend to fluctuate sideways. With the current situation, investors can consider disbursing at the support zone for banking, securities, and steel groups when the market shows signs of increased liquidity in active buying again. At the same time, take short-term profits on stocks that do not maintain a growth momentum that is superior to the general index.
Experts from Asean Securities Company expressed their opinion that the market continued to move sideways with low liquidity, indicating that supply was at the MA50 area. During the session, the market continued to decline, but liquidity did not increase in a negative direction and gradually narrowed the decline in the afternoon session. However, the low liquidity is still a worrying factor in the short term. If the market returns to a more negative trend with increased liquidity, investors need to pay attention to risk management. Therefore, experts said that investors should continue to observe and avoid panic selling during the session.
Source: https://laodong.vn/kinh-doanh/nha-dau-tu-chung-khoan-dung-de-roi-vao-trang-thai-ban-mot-cach-hoang-loan-1358683.ldo
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