The cash flow can still mainly focus on the mid-cap group, so the differentiation might continue and especially the September futures market on September 17, 2020 and the restructuring session of two ETF funds on September 18, 2020.
The domestic stock market continued to have the 4th consecutive gaining session with the support of retail stocks, Vingroup, and banking. However, the cash flow this session focused on the midcap and large-cap groups, the index increased but it was a “green skin red heart” session.
Stop at the close, At the end of the session, the VN-Index increased by 1.21 points (0.14%) to 897.47 points, HNX-Index dropped by 0.05% to 127.87 points, UPCoM-Index increased by 0.34% to 59.76 points.
Market breadth was inclined to sellers, the whole market had 183 gainers / 198 losers, in VN30 basket, there were 11 gainers, 11 losers and 8 stocks kept the reference.
Market liquidity declined when investors were cautious in the last two sessions of the week, the matched value was only 4,400 billion dong. Foreign investors’ trade took place positively as they continuously reduced net selling pressure with a total value of over 190 billion dong.
Here are the comments of securities companies on September 17:
MB Securities Joint Stock Company (MBS)
Although the uptrend has spread to the 4th consecutive session, the market still maintained a fluctuating rhythm in a narrow range below the resistance of 900 points.
In the last two sessions of this week, investors became cautious when the market had many notable events such as September futures expiry, ETF reviews until the Fed policy meeting.
Therefore, the possible scenario at this time is that the market will continue to fluctuate in the range from 878.53 points to 905 points.
Bao Viet Securities JSC (BVS)
The VN-Index is forecasted to continue moving sideways with a strong differentiation between the stock lines in the region limited by the support level of 880 – 885 points and the resistance level of 895 – 905 points in the next few sessions.
In addition, the September futures contract expires tomorrow and may cause the market to fluctuate strongly at some point during the session, especially the ATC session.
Yuanta Securities Vietnam (FSC)
The threshold of 900 points is still the psychological resistance level of the VN-Index so the market might still move sideways in the next few sessions. Besides, psychology of investors is still optimistic with the current trend.
Investors should only consider comments of securities companies as a source of reference information. Securities companies all recommend disclaimer for the above comments.
Source: vietnambiz.vn – Translated by fintel.vn