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Shares struggle to stay higher

Your browser does not support the audio element. Shares struggled around the reference price range on Tuesday with cautious cash flow and short-term profit-taking pressuring the overall uptrend of the market. A factory of Hòa Phát Group (HPG). HPG rose  一. 六 per cent on Tuesday. — Photo HPG

HÀ NỘI — Shares struggled around the reference price range on Tuesday with cautious cash flow and short-term profit-taking pressuring the overall uptrend of the market.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 0. 一 九 per cent, to  一, 一 二 七. 六 三 points.

The breadth of the market was neutral with  二 四 八 gainers and  二 二 二 losers. Matching value on the southern bourse reached VNĐ 一 四 trillion (US$ 五 七 六 million), equal to a trading volume of more than  六 四 六 million shares.

Foreign investors net sold a total of VNĐ 二 八 五 billion on Tuesday. They have been net selling for  一 一 straight sessions.

"The market continued to have another session of fluctuating at a narrow range after suffering from great supply pressure at the level of  一, 一 三0 points,公众said Việt Dragon Securities Co.

"Liquidity decreased compared to the previous session while market movements remained stable, showing that supply temporarily cooled. With the current signal, the market has the opportunity to move to the  一, 一 三0- 一, 一 五0 point area in the near future to explore supply and demand and check signals."

"However, it is important to note that this area will potentially have large supply pressure and may have a negative impact on the general market. Therefore, investors still need to observe and evaluate the supply pressure at the resistance zone. Currently, it is possible to prioritise holding stocks with good cash flow signals and support. However, in general, investors should take advantage of the uptrend to take short-term profits on stocks that have increased rapidly to the resistance area."

The VN 三0-Index posted a rise of 0. 三 五 per cent, to  一, 一 二 一. 二 一 points. Of the VN 三0 basket, eight out of the  三0 biggest stocks in market capitalisation on HoSE inched down, while  一 四 ticker symbols gained and eight flat.

In the VN- 三0 basket, gainers included Hòa Phát Group (HPG), FPT Corporation (FPT) and Bank for Investment and Development (BID).

The VN-Index's upward trend was restrained by profit-taking activities of investors and weak sentiment.

The three stocks putting the worst impact on VN-Index were Masan Group (MSN), Vinamilk (VNM) and Becamex (BCM). They lost between 0. 九 per cent and  一. 九 per cent.

The HNX-Index on the Hà Nội Stock Exchange (HNX) ended the trading day at  二 三 一. 七 一 points, a rise of 0. 一 五 per cent.

During the session, more than  七 四 million shares were traded on the northern market, worth VNĐ 一. 四 trillion. — VNS