30 C
Ho Chi Minh City
Wednesday, June 19, 2024

Seeking opportunities with small-cap stocks

By Trieu Duong

Must read

The pressure to take profits is building up as the market has experienced a series of impressive gains over the past two months with large-cap stocks as an important driving force. Will a correction take place and will cash flows change their destination in search of short-term opportunities from those stocks with smaller capitalization? Profit-taking rise signals market concerns After experiencing a surge of more than 12 points, the VN-Index abruptly plummeted when it failed to breach the resistance level of around 1,240 points, closing the session on February 23 with a loss of over 15 points or 1.25%. Concurrently, trading volume surged, with nearly 1.25 billion shares exchanging hands on the HOSE alone, a nearly 57% increase compared to the preceding session, indicative of a prevalent profit-taking sentiment. This sudden reversal coupled with a significant uptick in liquidity serves as a concerning indicator, suggesting that sellers are eager to divest their holdings at any cost. This trend unfolds against the backdrop of a market that has steadily risen since the start of the year, particularly experiencing rapid growth in the first half of February. Amidst growing warnings of correction risks, investors are increasingly wary that the market may have […]
To read more, please click here.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest articles