Stocks tomorrow, August 21: Can "watch" for disbursement of bank and retail stocks...

In the trading session on August 20, the Vietnamese stock market experienced a day of strong fluctuations but still ended in the green, thanks to demand from key industry groups.

The VN-Index opened up 8 points compared to the reference, supported by demand concentrated on banking stocks (VIB, TCB, CTG,OCB ), consumer stocks (MWG) and Vingroup stocks (VIC, VHM, VRE). However, profit-taking pressure increased in the middle of the morning session, causing the market to reverse, falling below the reference level at 1,650 points.

In the afternoon session, strong demand from Vingroup stocks and the recovery of the banking group helped the VN-Index narrow its decline. In particular, banking stocks such as VCB, TCB and CTG continued to play a pivotal role, bringing the index back to green in the last 30 minutes of the session.

At the end of the session, VN-Index closed at 1,664 points, up 10 points (equivalent to 0.61%). Market liquidity reached over 68,000 billion VND, reflecting the bustling movement of cash flow.

According to Dragon Capital Securities Company (VDSC), although the session on August 20 saw an increase in points, the strong correction in this session showed a fierce dispute between profit-taking pressure and supporting cash flow.

Liquidity increased compared to the previous session, showing that active cash flow is still pouring into the market. VDSC believes that VN-Index still has a chance to overcome the resistance zone of 1,665 points and expand the uptrend in the short term, if demand continues to be maintained.

Vietcombank Securities Company (VCBS) also believes that high liquidity is a positive signal, reflecting the market's attractiveness to investors.

VCBS recommends that investors consider taking profits from stocks that have increased sharply in recent times. The fluctuations and adjustments in the session on August 21 could be an opportunity to disburse into stocks in industries that attract cash flow such as banking, retail and securities.

Source: https://nld.com.vn/chung-khoan-ngay-mai-21-8-co-the-canh-giai-ngan-co-phieu-ngan-hang-ban-le-196250820171621788.htm