(NLDO) - Stocks on January 22 failed to recover and fell back to the 1,243 point area. Liquidity increased compared to the previous session, showing an increase in stock supply.
At the end of the session on January 22, the VN-Index decreased by 3.5 points (-0.29%), closing at 1,242 points.
The market was green when entering the trading session on January 22. However, due to the relatively low increase, when approaching 1,250 points, the VN-Index retreated. Fluctuations around the reference price were the main developments throughout the morning session. After unsuccessful recovery efforts, the market continued to be under downward pressure at the end of the afternoon session.
At the end of the session, the VN-Index decreased by 3.5 points (-0.29%), closing at 1,242 points. Liquidity increased with 400.3 million shares matched on the HOSE floor.
According to Dragon Capital Securities Company (VDSC), the market failed to recover, continued to be under pressure to retreat and returned to the 1,243 point area. Liquidity increased compared to the previous session, showing that profit-taking supply has increased. The possibility of a further decline in points may occur in the next trading session (January 23), bringing the market into the oversold zone, below the 1,243 point threshold.
"Investors should slow down and need to observe supply and demand developments to assess the market status, and can consider taking profits on stocks that have increased in price to the resistance zone" - VDSC recommends
Meanwhile, VCBS Securities Company commented that under pressure to sell stocks to lower margin ratios to reduce costs during the Tet holiday, the general index has lost its strong momentum to increase points. Cash flow has weakened and is quite divergent.
However, investors can still consider disbursing for attractive stocks in 2025, to catch the market wave after Tet holiday.
Source: https://nld.com.vn/chung-khoan-ngay-mai-23-1-kha-nang-giam-diem-co-the-tiep-dien-196250122180928244.htm
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