Stocks are on fire, a series of codes are “on the floor”

The stock market opened the first session of the week in the red with a large decrease range. Currently, VN-Index is trading around 1,358 points. There were 324 losers on the whole floor, of which 29 were “on the floor”. The total trading value of HoSE reached 7,502 billion VND.

HNX-Index and UpCOM decreased slightly, temporarily standing at 357 points and 103.4 points.

The VN30 basket stood at 1,421 points, down 22.7 points. The losers were overwhelming, in which MWG, PNJ, FPT, GAS “evaporated” over 4%.

On the other side, bright spots appeared in some codes such as NVL, VIC, VRE… but the amplitude increased all below 1%.

Vietnam stock market erratic fluctuations in the trading week from April 18-22. At the end of last week, VN-Index increased by 9.02 points, closing at 1,379.23 points. HSX liquidity was at more than 834 million shares, worth nearly 24,800 billion dong. Market breadth was in favor of losers with 202 gainers and 256 losers.

According to a group of experts from ASEAN Securities, in today’s trading session, VN-Index there will be increasing inertia to test the resistance area near 1,380 – 1,390 points, and further away, the resistance zone of 1,400 – 1,410 points.

However, the shaking may take place at high prices, so VN-Index may narrow its gaining momentum towards the end of the day.

Meanwhile, the analysis team of Rong Viet Securities (VDSC) believes that the market’s recovery rhythm may continue in the near future. Investors can expect the market’s recovery span to be extended. The opening to buy shares needs to be considered more closely about the dynamics of cash flow to buy actively in that stock.

Securities Company Yuanta Vietnam (YSVN) believes that the market will likely be volatile and the VN-Index may move sideways above 1,350 points in the early trading sessions of this week.

At the same time, the market may only have short recovery spans and short-term risks are still high, so short-term investors should not rush to catch the bottom at the current stage.

In addition, the short-term sentiment indicator is still in the overly pessimistic zone, showing that the market may still have short-term recovery spans and the VN-Index may not yet penetrate the support level of 1,350 points.