(NLDO) - VCBS Securities Company believes that profit-taking pressure is strong. Investors should carefully observe the market before disbursing to buy new stocks.
Liquidity on March 3 increased to over 21,000 billion VND but VN-Index only increased by 4 points
Opening trading on March 3, Vietnamese stocks maintained green thanks to the increase in prices of real estate stocks VIC, VHM and some large-cap stocks such as GAS, EIB, DGC... Cash flow continued to diversify more strongly and focus on highly speculative stocks.
Entering the afternoon session, VN-Index performed more positively with the leadership of securities stocks, especially small-cap stocks such as FTS, VIX, BSI...
At the end of the session, although liquidity increased to over VND21,000 billion, the VN-Index only increased by 4 points, closing at 1,309 points. This shows that the selling pressure to take profits is strong and may not stop in the next session.
According to VCBS Securities Company, the market has seen a clearer supply of profit-taking stocks, and there are not many safe buying positions left. Therefore, investors can realize profits with stocks that have reached their targets, especially highly speculative stocks, and carefully observe the market before disbursing new purchases.
Dragon Capital Securities Company (VDSC) commented that the market will continue to challenge the old peak around 1,306 points and approach the resistance level of 1,310 points at the end of the session on March 3. If it passes this level with good liquidity, the market will have the opportunity to expand its uptrend in the next session.
Source: https://nld.com.vn/chung-khoan-ngay-mai-4-3-than-trong-mua-moi-co-phieu-196250303174821604.htm
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