(NLDO) - In the stock market session on November 20, cash flow jumped in to catch the bottom of stock prices and may not stop in the next session.
Session 20-11, banking and real estate stocks increased in price
Continuing the downward trend from the previous session, the VN-Index opened on November 20 in red with selling pressure continuing to increase sharply.
In less than the first hour of trading, the general index fell below the 1,200 point mark and the low price level attracted cash flow to catch the bottom of stock prices.
This momentum helped the market narrow its decline and regain green. Many sectors showed impressive signs of recovery, most notably banking and real estate, which increased by 0.95% and 1.59%, respectively.
Increased short-term profit-taking in the afternoon caused the general index to narrow its increase range but still maintained a good recovery momentum until the end of the session.
In that context, going against the domestic cash flow, foreign investors continued to net sell with a total value of nearly 1,193 billion VND, focusing on selling stocks such as VHM, FPT , MSB...
At the end of the session, the VN-Index closed at 1,216, up 11 points, equivalent to 0.9%.
With the above developments, VCBS Securities Company recommends that investors take advantage of fluctuations to disburse part of their investment in stocks that maintain an upward trend, and limit the increase in the proportion of stocks that have not attracted impressive demand. In particular, investors should follow the rules of taking profits or cutting losses when the market has not yet fully confirmed a convincing recovery.
Meanwhile, Dragon Capital Securities Company (VDSC) said that liquidity on November 20 increased compared to the previous session. This shows that cash flow has actively supported the market. However, the supply of stocks still maintains pressure when the market recovers quickly. This development may continue in the next session, but the market is expected to have a strong dispute when increasing points, especially at the resistance zone of 1,225 - 1,230 points.
"Investors can consider the recovery phase to take profits, while observing the efforts of cash flow in the coming time. Because the market stability is very low, the risk is still hidden, it is necessary to avoid falling into an overbought state" - VDSC recommends.
Source: https://nld.com.vn/chung-khoan-ngay-mai-21-11-co-phieu-co-the-xanh-muot-196241120173919635.htm
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