The session on 3/1 passed with many emotions of investors. Decreasing deeply in the morning and at a time, the market was "blown away" by more than US $ 5 billion in capitalization. However, the strong increase in bottom fishing demand helped the indices recover gradually in the afternoon.
At the end, VN-Index narrowed the dropping trend, only 8.48 points were lost, equivalent to 0.91% to 928.14 points. HNX-Index decreased by 1.05 points or 1.03% to 101.31 points and UPCoM-Index decreased by 0.75 points, equivalent to 1.37% to 54.38 points.
The liquidity rebounded strongly with the trading volume on the HSX amounting to 275.51 million shares, equivalent to VND 5,053.37 billion cash flow into buying "sale off" (discounted) shares.
On the HNX, with 63.44 million shares, the trading value was VND 594.17 billion and this figure on the UPCoM market was 14.66 million shares, equivalent to VND 182.1 billion. The total value of cash flow into the market yesterday reached nearly VND 5,700 billion.
The number of losers in the market was still overwhelming, up to 526 stocks and 76 stocks hit the floor. Meanwhile, the gainers had 139 stocks and still had 30 stocks going to the ceiling.
While many stocks promptly "escaped from the floor" in the afternoon session, at the end of yesterday session, HAG of Hoang Anh Gia Lai fell to the floor of VND 250 to VND 3,390 / share, there was no overbought and there was still a floor surplus of over 20. thousand units.
VHC of Vinh Hoan Seafood dropped to the floor of 2,400 dong to 32,500 dong / share, at the end of the session, there was no overbought and floor selling surplus of over 14,000 units.
FLC’s ROS ROS dropped to the floor of 650 dong to 8,680 dong / share, at the end of the session, there were no more buyers and more than 369 thousand shares of selling surplus.
Along with that, some large codes like VHM, GAS, PLX, VJC, BVH still dropped sharply and affected the VN-Index less positively. The influence from VHM is 2.24 points; from GAS is 1.84 points and from PLX is 0.75 points. However, this impact level has improved significantly compared to the previous time in the session.
Pharmaceutical stocks yesterday cooled down, but still gained a good rise. For example, DHG of DHG is no longer able to maintain the ceiling price but still increased to VND 102,600 and is among the top stocks that have the most positive impact on the VN-Index.
The most significant recovery speed has to mention BID - CTG bank stocks. Specifically, BID increased the price by 2,000 dong to 53,500 dong and CTG increased 750 dong to 25,150 dong / share. These two codes contributed 2.34 points and 0.81 points to the main index respectively.
According to BVSC Securities Company, VN-Index has formed a strong support area at 898-910 points after yesterday.
Although the index recovered quite positively at the end and might move to challenge resistant level of 931-936 points in the next session, overall, BVSC experts still think that the pressure of dropping of the market. remain in the short term.
At the same time, BVSC also noted that the index might drop to test support level of 898-910 points in the next sessions. After a sharp decline, the market’s momentum is expected to gradually slow down and technical recoveries may occur.
The analysis team recommends that investors should maintain the proportion of stocks in the portfolio at 15-25% of the stock. Investors who are holding stocks with a large proportion should take advantage of the market recovery to sell off the proportion.
Because the market’s downside risk is still present, investors with high cash proportion only consider disbursing in strong support areas such as 898-910 points or 860-870 points. At the same time, restricting activities of chasing high prices when the market recovers sharply.
