Liquidity on April 25 session dropped sharply with only 569 million shares successfully traded on HoSE.
Vietnamese stocks continued to be green when entering the trading session on April 25. However, the increase in points was very limited, stock trading took place in a tense direction.
Near the middle of the afternoon session on April 25, the market began to increase again as purchasing power increased. Leading the score are large stocks in the banking, retail, and real estate groups. However, after only about 20 minutes, the selling pressure tended to increase, causing the general indexes to lose steam.
At the end of the session, the VN-Index decreased 0.64 points, closing at 1,204 points. Liquidity decreased with only 569 million shares successfully traded on HoSE.
Rong Viet Securities Company (VDSC) commented that liquidity on April 25 session decreased sharply compared to the previous session. This shows that cash flow is still cautious because the market is about to enter the April 30 holiday.
The tentative fluctuations in front of the 1,210 point area of the VN-Index may continue in the upcoming session. However, the market still contains risks because the supporting cash flow is at a low level.
“Therefore, investors need to avoid chasing and keep the portfolio proportion at a reasonable level, while observing supply and demand of stocks to assess the state of the market” – Mr. Nguyen Huy Phuong, Deputy Consulting Department VDSC individual customers, recommendation.
Meanwhile, VCBS Securities Company believes that investors are still in a state of hesitation so the market’s momentum is very weak.
“With the above situation, stock “players” should not rush to disburse funds, they can wait for clearer signals from the market to decide to buy stocks” – Mr. Nguyen Quoc Bao, analyst senior level VCBS Securities Company, consultant.
