Strong Selling Pressure, Stock Market Dyed Red

Only 5 minutes after closing the session on July 6, the red was unexpectedly spreading on a large scale, causing the index to decline. In particular, the VN-Index dropped sharply and lost a level of 1,400 points gently. Many financial experts - unexpected securities when the stock market plunged out of the expected red suddenly, causing many investors to worry.Theo predicted of financial experts - securities and stocks will decrease but It was possible to enter the middle of July stages by many days, the stock market continued to have moving sideways, often increasing at the beginning and moving sideways at the end of the session. However, in the last 5 minutes, the session on July 6, the red suddenly spread on both stock exchanges, causing many unexpected investors, not in hand

. Then, VN-Index plunged 56.34 points. , to 1,354
79 points; Trading volume of over 803.157 million shares, equivalent to more than VND 28,673 billion. At HNX, HNX-Index lost 9.25 points to 318.51 points; Trading volume reached more than 167.483 million shares, equivalent to nearly 4,135 billion dong. Attention to HOSE, 10 shares fell the strongest in July 6, mainly banking stocks and stocks The strongest capitalization such as VCH, TCB, VIC, VCB, CTG, HPG, VNM, MSN, PLX, ACB. "At this point, I was surprised when the market plunged so quickly because the market was moving sideways, it was only concentrated in some king stocks and did not spread evenly in other stocks. Accordingly, the buying force is not strong enough to shake the market. On the other hand, there has been no negative information that appears to be able to impact on the market
Currently, lending rates are still low; Inflation increases but still in government control; The results of the second quarter reporting of large-cap enterprises are still very good ". However, Le Vuong Hung experts said that the price of the stock was sold strongly was no longer cheap, it was time to the houses Investment can take profits and sell strongly, making the market plunged in the last 5 minutes. It is worth mentioning, because the current stock market margin (margin trading) is quite large with about VND 110,000 billion is also the reason why the profit-taking effects of investors, avoiding risks and vulnerabilities due to margin , causing the market without sufficient support, the "sensitive" information for the first time on July 5, the whole country has over 1,000 cases of infections, so the psychology of investors is also significantly affected. It is a wildness of the health of domestic enterprises that will stand up when the situation of Covid-19 translation is still stressed, the lives of people will return to normal to the time. This also affects the fluctuation of the stock market, increasing the pressure to sell profit shares on 6/7. on information whether investors are bewildered when the next time, there will be at least 7 billion shares Bank votes on the floor, doubt the stocks on the stock market so this is also the reason why investors sell strong banking stocks in the end of July 6? Many securities experts believe that this is not enough for banking liquidity in the market still enough to absorb. The key is that the support of the stock market is weak, so it doesn't gain up the market when the pressure taking at the end of the session. However, it was time to be cautious because the market was harder to win in July. According to Mr. Le Quang Minh's forecast, Head of Mirae Asset Secrets Analyst, after the reversal sessions of the market will continue up. However, starting from sessions to psychology will be cleared, market liquidity will increase. This will bring stable growth to the market not only in July but for quarter 3. In the third, Mr. Duong Hoang Linh, Head of SBS Securities Investment Department, in July, if the market goes up, the owner On the index, the stocks will decrease, and the liquidity decreases gradually because the market is increasingly difficult to surf, effectively, it is also increasingly low. In the current score area, the market valuation is high, VN30 stocks still gradually increase but the common market will move down. In addition, the second quarter will create a clear gramples on the market, the Other sectors will be difficult to maintain growth as the previous quarters. The biggest expectation is the securities group thanks to the fourth quarter of the bank gradually gradually gradually due to a profit-making impact from Circular 03, it will be difficult to increase as the previous quarters. For the steel group, it is possible that the second quarter will still be good but forecasts the third quarter will be low, steel prices have begun to decline so the market will look at it and the price will decrease. OTHER RISK Mentioned is the risk of margin . Mr. Duong Hoang Linh evaluated, the Margin threshold in securities companies was very high. As expected to July, the market limit will increase due to capital increase, but the increase in capital is also difficult to improve the situation because it is essentially money on the market. Instead of flowing into the market, the money will be used to buy shares issued to increase capital. Therefore, it was time for investors to gradually reduce the proportion. This is when investors maintain a red-selling red-selling strategy to take advantage

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