Cash flow and large stocks can increase strength

(NLDO) – VCBS Securities Company believes that stock prices will increase significantly if the market has a consensus on increased strength from cash flow and large-cap stocks.

At the end of the session on February 20, the VN Index closed at 1,292 points, up 4.4 points, equivalent to 0.34%.

Vietnamese stocks continued to increase at the beginning of the session on February 20. Although there were some slight fluctuations due to profit-taking pressure, with strong active buying cash flow, typically real estate stocks and rubber stocks, which had impressive price increases at times: NVL (+6.35%), VHM (+3.45%), GVR (+1.74%), PHR (+5.35%), DPR (+4.12%)... helped VN Index maintain its upward momentum.

On the other hand, large-cap stocks maintained a green price base, helping the general index balance and increase points.

VN-Index is getting closer to the 1300 point mark and this development is accompanied by a more cautious market sentiment. This is shown through the ups and downs, tug-of-war of the general index in the afternoon session when red was more present than in the morning session.

However, most of the stocks that increased in value maintained a stable range, the demand supported the price quite well, so the market did not show any bad signs. The biggest negative point of the session on February 20 was that foreign investors net sold 394 billion VND of stocks, focusing on sellingFPT , MWG, VCB.

At the end of the session, the VN Index closed at 1,292 points, up 4.4 points, equivalent to 0.34%.

VCBS Securities Company believes that the market's breakthrough picture is not clear and needs to be reinforced by the consensus of cash flow and large stocks.

Therefore, investors should consider partial profit taking for stocks that have recorded strong growth and correction signals at high prices. In addition, stock "players" should only hold stocks that attract impressive demand.

Meanwhile, Dragon Capital Securities (VDSC) warned that profit-taking pressure could put pressure on the market in the next trading session. However, cash flow is expected to continue to support and the market will recover to continue moving towards the resistance zone of 1,300 - 1,310 points.

"Investors can consider exploiting short-term buying opportunities for stocks with positive performance, and at the same time take profits on stocks that have increased rapidly to the resistance zone" - VDSC recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-12-2-dong-tien-va-co-phieu-lon-co-the-tang-suc-manh-196250220173156751.htm