During the peak season for Q2 financial reports, the stock market often comes under significant pressure. This pressure is due to investor concerns, negative technical signals, cautious statements from companies, and multiple emerging uncertainties. Do they pull out? Following a 10-point loss on the last trading day of the previous week, the VN-Index lost another 10 points on July 22, with a brief dip of up to 20 points during the session, and settled at 1,245 points. Since the July 10 peak of 1,298 points, the VN-Index had decreased by over 3.5% as of July 22, failing to surpass the 1,300-point resistance level. Despite substantial cash inflows into large-cap stocks, particularly those in the banking sector, including Techcombank, VietinBank, Vietcombank, HDBank and TPBank, this was insufficient to help the overall index regain positive territory on the first trading day of the last week. A series of stocks plunged, some even hitting the floor, putting additional pressure on the market. This downturn was accompanied by increased trading volumes, indicating that investors are keen to offload stocks from their portfolios in response to the growing uncertainties. For instance, trading volumes on the HOSE rose by 11% and 15% on July 19 and […]
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