Another declining session, VN-Index dropped to the lowest level in nearly 5 months
Ending the trading session on April 19, VN-Index dropped 26.15 points (-1.83%) to 1,406.45 points. HNX-Index dropped 10.43 points (-2.59%) to 392.69 points. UPCoM-Index fell 1.89 points (-1.71%) to 108.32 points.
The total matched value reached 23,935 billion dong, down 15%, of which, the matched value on HoSE alone decreased by 15.5% to 20,896 billion dong. Foreign investors net bought about 280 billion dong on HoSE.
The selling pressure suddenly increased in a number of sectors in the middle of the afternoon session, in which, a series of stocks were dragged down to the floor price. In Bluechips group, big stocks like BVH, GAS, FPT, MSN, REE, VIC, VNM, SAB, HVN, MWG, VHM, POW… all dropped, causing the market to lack support and easily fall deeply.
Shares “family Louis”, “family FLC”, “family DNP” all hit the floor today.
According to SHS, the panic-like state of trading continued to return, and there may also be a margin call phenomenon when many groups of stocks have had a deep downtrend such as real estate, securities, and banks. ..
The negative mind in today’s session caused selling pressure to increase strongly and bottom-fishing demand was still quite limited, bottom-fishing demand really appeared only when VN-Index retreated to around the long-term support of 1,425 points (MA200). ).
The market had 3 consecutive declining sessions, quite similar to the previous period 7/4, 8/4, 12/4.
However, with the VN-Index retreating to the strong support zone in the range of 1,425-1,450 points (low in January 2022) and this index is also ending the session above the long-term support area of 1,420-1,425 points ( MA200), a recovery can be expected in the next session if bottom-fishing demand is good.
MBS believes that it is likely that the market will continue to react at MA200, in a cautious scenario, the next support level of the market may be at 1,400 points.
According to TVSI, the right strategy for the current period should continue to maintain the account in balance, use less debt and should focus on stocks with fundamental factors.
For Target Investors investment In the medium and long term, this is a good opportunity to selectively increase the proportion of stocks and in our experience, stocks that fall less during a decline will have a good chance of increasing when the market is over. difficult passage.
Duy Anh
at Blogtuan.info – Source: vietnamnet.vn – Read the original article here
