(NLDO)- Securities companies predict that the market will likely continue to retreat in the next trading session and test the support zone of 1,240 - 1,250 points.
Entering the trading session on October 24, the market recovered but the increase was quite limited and the market quickly retreated after reaching 1,274 points.
Market developments during the session were quite quiet on low liquidity, but liquidity improved towards the end of the session due to increased selling pressure.
At the end of the session, VN-Index decreased by 13 points, closing at 1,257 points. Order matching liquidity on HOSE increased with 592.6 million shares.
The VN30 basket of large-cap stocks fell 20 points (-1.49%), closing at 1,329 points. In the group, only 6 stocks increased in price, including VNM (+1.6%), BVH (+0.3%), BCM (+0.3%), VCB (+0.2%)...
On the contrary, there were 22 codes closing in red such as STB (-6.7%), VHM (-6.7%), TPB (-3.4%)...
Market developments in recent times Source: Fireant
During the session, foreign investors returned to net selling on the HOSE floor, with a value of 234 billion VND. Of which, they strongly sold HPG shares (-93 billion VND), VRE (-80.2 billion VND), STB (-59.9 billion VND).
On the other hand, they bought heavily VPB shares (+88.5 billion VND), FPT (+70.1 billion VND), VNM (+68.4 billion VND), SSI (+67.1 billion VND).
According to Rong Viet Securities Joint Stock Company, the market is likely to continue to retreat in the next trading session and test the support zone of 1,240 - 1,250 points. This support zone will likely have a good supporting effect and help the market recover technically in the coming time.
"Investors can consider the current correction to buy short-term at good prices for some stocks, but still need to consider the recovery to restructure the portfolio to minimize risks" - Rong Viet recommends.
According to VCBS Securities Company, investors should not panic and avoid chasing the market.
"Selling pressure may continue to be inertial but there is a high probability that it will soon slow down and regain balance around the 1,250 point area" - VCBS forecasts.
Source: https://nld.com.vn/chung-khoan-ngay-mai-25-10-vn-index-se-ra-sao-196241024174220418.htm
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