VN-Index increased by 10 points
The stock market session on June 6 started with investors' concerns. After many sessions of continuous increase of VN-Index with very high liquidity, the index is believed to be adjusted in the session on June 6.
As predicted, at the beginning of the stock market session on June 6, selling pressure was quite high even though VN-Index maintained green with more than 200 stocks increasing and surpassing the 1,100 point area. However, the market fluctuated slightly.
The tug-of-war was still clearly evident as selling pressure continued to appear and at times caused the general index to reverse close to the reference level.
According to VCBS Securities Company, the buying force in the afternoon session helped VN-Index maintain a good upward trend, convincingly surpassing the 1,100-point resistance zone to continue moving towards high points.
The stock market session on June 6 recorded mixed fluctuations between the domestic and international markets. While Asian stocks reversed to the red floor, the VN-Index still increased by more than 10 points. Illustrative photo
Total market liquidity reached approximately 15 trillion VND, of which active buying liquidity accounted for 64%, reflecting positive investor sentiment. According to statistics, the main demand still went to banking stocks with an increase of approximately 3%.
Active buying liquidity from many large-cap stocks in VN30 such as VIC, VHM, TCB helped the market improve positively in terms of points, returning to above the 1100 point area.
Closing the stock market session on June 6, VN-Index increased by 10 points, equivalent to 0.96% to 1,108.31 points. HNX Index closed at 228.72 points, up 2.16 points.
VCBS assesses that the general trend of the market is still very positive and will continue to move up to the next resistance zone around 1,115 points - 1,120 points, before greater selling pressure occurs.
“We recommend that investors take advantage of good uptrend sessions to realize partial profits and buy back to trade during correction sessions for stocks in the securities, banking, and real estate sectors,” VCBS advised investors.
Asian stocks fall
Asia-Pacific markets traded mixed on Tuesday, despite moves on Wall Street after the S&P 500 erased earlier gains that left the benchmark index trading at a nine-month high on an intraday basis.
“Markets are running out of steam after a broad-based rally on Friday,” said Ryan Detrick, chief market strategist at Carson Group. “It was a very lackluster news day, which is not a bad thing as we consolidate some of the big recent gains we’ve had.”
Australia's S&P/ASX 200 fell 1.2% to end the day at 7,129.6 after the central bank surprised markets by raising its cash rate by 25 basis points to 4.1%. The Australian dollar rose 0.8% to 0.6669 against the US dollar.
In Japan, the Nikkei 225 index continued to surpass the 32,000 mark, rising 0.9% to end at 32,506.78. Meanwhile, the Topix index rose 0.74% to close at 2,236.28.
The last time the Nikkei traded at this level was when Japan was in the midst of its economic bubble – the period from 1986 to 1991 when real estate and stock prices skyrocketed. The Nikkei hit an all-time high of just above 38,900 in December 1989.
South Korean markets are closed on Tuesday for a holiday.
Hong Kong's Hang Seng Index fell 0.18% in the final hour of trading, dragged down by industrial stocks. Mainland Chinese markets were also lower, with the Shanghai Composite down 1.15% to end at 3,195.34, its lowest since Jan. 13.
Meanwhile, the Shenzhen Component fell 1.58% to 10,773.45, its lowest in more than seven months.
Overnight in the United States, the S&P 500 lost 0.2%, while the Nasdaq Composite fell 0.09%. The Dow Jones Industrial Average fell 0.59%.
Notably, tech giant Apple lost about 0.8%, retreating from an all-time high reached earlier in the session. The iPhone maker on Monday unveiled its much-anticipated virtual reality headset and a slew of software updates at its annual Worldwide Developers Conference.
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