Demand for stocks will increase

Bank stocks continue to increase in price on July 3

After two sessions of positive stock market gains, in the morning trading session on July 3, profit-taking pressure showed signs of returning. This created a tug-of-war situation for the market and at times the VN-Index went down.

However, profit-taking was not strong, so stock indexes remained balanced.

Good demand in the afternoon session helped VN-Index bounce back and banking stocks increase in price again. In addition, the fertilizer and chemical groups also showed signs of attracting stable cash flow when CSV increased by 7%, BFC increased by 2.8% and DPM increased by 1.7%.

In addition, some stocks with good news such as VOS, TCM, POW also increased in price quite impressively, contributing to the market's upward momentum.

At the end of the session, the VN-Index closed at 1,276 points, up 7 points, equivalent to 0.5%.

Some securities companies VCBS said that the 1280 - 1290 point range of the VN-Index is a short-term resistance level. Therefore, this index will have alternating sessions of increase and decrease, accumulating before heading towards 1,300 points.

"The market is recovering as liquidity and demand show signs of increasing. Investors should maintain a moderate portfolio weight, waiting for corrections to disburse stocks at the best prices. Some industry groups to select stocks for are fertilizers, chemicals, steel, oil and gas, electricity..." - VCBS Securities Company commented and recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-4-7-luc-cau-co-phieu-se-gia-tang-196240703155118041.htm