VN-Index may be adjusted

Following the recovery from the previous session, the stock market opened in green on March 12. The VN-Index briefly approached the 1,343-point threshold. However, shortly after, stock prices cooled down as investors sold to recover capital.

Entering the afternoon session, after turning red, the market quickly recovered thanks to large-cap stocks maintaining green, while the purchasing power of VND and VIX stocks in the securities industry increased sharply, positively affecting investor sentiment.

At the end of the session, the VN-Index increased by 1.8 points (+0.14%), closing at 1,334 points. Liquidity increased with 851.3 million shares matched on the HoSE floor.

Dragon Viet Securities Company (VDSC) commented that the market continued to increase but there was a state of dispute. Liquidity increased slightly compared to the previous session, showing that the supply of stocks increased and put pressure on the market. It is possible that the VN-Index will fluctuate or be adjusted in the next trading session.

"Investors should slow down and avoid falling into an overbought state, consider taking short-term profits on stocks that have increased rapidly to the resistance price zone" - VDSC recommended.

VCBS Securities Company said that the VN-Index increased on March 12, mainly thanks to the cash flow concentrated locally in some large-cap stocks. After that, the market saw a supply of stocks to take profits.

VCBS Securities Company's view is that stock "players" realize profits from stocks that have increased in price, and can disburse funds to groups of stocks that are about to increase in the upcoming volatile sessions.