The stock market only has the last trading sessions left before closing for the Lunar New Year holiday. According to securities companies, there is a high possibility that there will be no breakthrough in the last week of this lunar year, but investors should not be too alarmed.
Ending the first trading session of this week, VN-Index dropped 33.18 points (2.25%) to 1,439.71 points, HNX-Index dropped 17.08 points (4.09%) to 400.76 points. .
Many investors who caught the bottom last week were standing still when HoSE today had 114 stocks hitting the floor. At the end of the session, the liquidity of all 3 exchanges was just over 29 trillion dong.
Notably in the first trading session of the week, was the simultaneous plunge of steel, securities or real estate stocks. Steel shareholders seem to still not be able to find their heyday when a series of steel stocks are still plummeting since the peak reached in October. Most steel stocks are deeply in the red, even reduced to the limit of the session
Shares of "older brother" HPG were also on fire when rushing quickly, breaking through a series of support levels, ending today at 40,700 VND/share. The value of HPG stock has lost 31% of its value in about 4 months, equivalent to a capitalization of nearly 80,000 billion dong.
A series of other steel stocks also dropped sharply such as TLH down 6.7%, TVN down 6.3%, POM down 6%, VGS down 5.8%,...
Comments on the trading session on January 25, according to securities companies, the cash flow will continue to shift to blue-chips, including banks, when the pressure from small and medium-caps decreases, the ability to continued or after the unsuccessful bottoming round in speculative stocks.
According to the analysis of MB Securities (MBS), the market corrected after 3 consecutive gaining sessions and was an opportunity to test the first bottom-fishing round for speculative stocks. More than 400 stocks dropped and more than 115 stocks closed at floor price is enough to show the fierceness of the recent bottom-fishing activity. However, this is an opportunity for blue-chips, especially banks.
The top 5 stocks with good gain this session are all banking stocks, besides, the liquidity in this group is still in an uptrend and higher than the average of the previous 15 sessions for the second consecutive session.
Before the above development, MBS thinks that the cash flow will continue to shift to blue-chips, including banks, when the downward pressure from small and medium-cap groups is likely to continue or after the bottom fishing round. successful in the group of speculative stocks.
Meanwhile, according to BIDV Securities (BSC), VN-Index has approached MA100 and there is a high possibility that there will be no breakthrough in the last week of this lunar year. However, investors should not be too alarmed because in January 2021 there was also a similar correction, and VN-Index reversed to increase after successfully testing MA100.
“The index is likely to gradually stabilize in the coming sessions after successfully testing this MA100 level and will reverse to increase after the Lunar New Year holiday ends” - BSC expert noted.
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