Selling pressure may remain overwhelming

(NLDO) - The supply of stocks was very strong in the stock market session on the afternoon of January 6, this trend may not stop yet.

At the end of the session on January 6, the VN Index closed at 1,246 points, down 8 points, equivalent to 0.66%.

Vietnamese stocks maintained green throughout the morning session of January 6 with the recovery of banking stocks, in which the most notable codes were VCB (+1.1%), BID (+1.6%)... However, liquidity remained at a low level, showing that trading in the market was somewhat gloomy.

Entering the afternoon session, market sentiment was low, supply from mid- and small-cap stocks was very strong. As a result, the general index faced great pressure, forced to decrease points.

At the end of the session, the VN Index closed at 1,246 points, down 8 points, equivalent to 0.66%.

According to VCBS Securities Company, the general index has not yet formed a bottom and selling pressure may continue in the coming sessions. Investors need to be cautious in disbursing, pay attention to profit-loss stop-loss points to manage risks.

Rong Viet Securities Company (VDSC) commented that the stock supply is putting pressure while the supporting cash flow is still cautious. The rapid drop in stock prices has pushed the market into the short-term oversold zone. The possibility of a decline may continue in the next session. It is expected that the market will be supported at the 1,240 point area and recover to test supply and demand before there are more specific signals.

"Investors need to slow down and observe supply and demand at the support zone, temporarily restructure the portfolio to reduce the proportion to minimize risks" - VDSC recommends.

Source: https://nld.com.vn/chung-khoan-ngay-mai-7-1-luc-ban-co-phieu-co-the-ap-dao-196250106175411149.htm