Stock market comment on September 16: Going to challenge the psychological threshold of 900 points

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The gradual spread of cash flow, the local movement in a few individual pillars made the market relatively poor push. Besides, information such as the results of the next meeting of the Fed, the maturity of derivatives or restructuring the portfolio of ETFs are the main factors that make market sentiment more cautious.

The domestic market, the VN-Index and the VN30 index all tend to fluctuate in a narrow range. At the end of the session, the VN-Index increased by 1.69 points (0.19%) to 896.26 points, the HNX-Index increased by 0.39% to 127.93 points, and the UPCoM-Index increased by 0.25% to 59.56 points. .

VIC, GAS and BCM were the three most positive support codes for the VN-Index’s gain today, contributing 1.81, 0.48 and 0.39 points respectively. On the other hand, VHM, VCB and CTG were the three stocks with the most negative impact on the index, removing 0.66, 0.52 and 0.21 points.

Investors are cautious with unpredictable developments of the derivative maturity session (September 17) and the portfolio restructuring session of the third quarter of 2020 of the funds is taking place on Friday (September 18). Therefore, the index has fluctuated in a narrow range lasting in the last 5 sessions.

The market liquidity continued to improve with the matched value of 5,535 billion dong. Foreign investors’ trade was not very positive as they continued to be net sellers with a total value of more than 360 billion VND on the whole market.

Here are the comments of securities companies on September 16:

Nhận định thị trường chứng khoán ngày 16/9: Tiến tới thử thách ngưỡng tâm lí 900 điểm - Ảnh 1.

Source: FSC

MB Securities Joint Stock Company (MBS)

It is likely that in the next few sessions, the market will experience shaking waves to verify the inherent strength after a recovery process. This is considered a necessary movement for the index to increase sustainably.

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.

Yuanta Securities Vietnam (FSC)

Correcting pressure may increase on small and medium caps. But the risks in these two stocks are still low, so the correction may not affect the short-term uptrend on these two groups of stocks.

Besides, the short-term sentiment indicator is still in the optimistic area, showing that the appropriate short-term strategy is to hold a high proportion of stocks in the portfolio.

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