Be careful of stock supply pressure

At the end of the session on May 22, the VN-Index closed at 1,266 points, down 10 points.

The above trend lasted until the end of the session, causing 24 out of 30 large-cap stocks (VN30) to fall to the floor. Of which, the stocks with the highest price declines were VJC (-3%), VPB (-2.7%), MSN (-2.5%), VIC (-2%), BCM (-1.9%)…

On the contrary, stocks with small and medium capitalization in the banking, securities, and real estate sectors saw increased purchasing power from investors, helping the market narrow its decline.

At the end of the session, the VN-Index closed at 1,266 points, down 10 points. Liquidity on the HoSE floor increased sharply when 1.1 billion shares were successfully traded, equivalent to a value of VND 28,000 billion.

With the above developments, some securities companies predict that the selling pressure of stocks may appear at the beginning of the next session. Then, when the VN-Index falls to the 1,260-point area, the supply of stocks will increase again, helping the market index to increase.

According to Dragon Capital Securities Company (VDSC), the stock supply is actively taking profits and increasing pressure. This signal will have a negative impact on the market in the coming time. Therefore, investors need to slow down to observe the supply and demand of stocks and temporarily limit the purchase of new stocks.

However, Mr. Nguyen Quoc Bao, senior analyst - VCBS Securities Company, still recommends that investors consider strong fluctuations to disburse for stocks in the securities, real estate, banking sectors...

Source: https://nld.com.vn/chung-khoan-ngay-mai-23-5-can-trong-ap-luc-cung-co-phieu-196240522165412217.htm