Securities am 19/6: End of inspiration?

► The market rose, but prices are not active transaction ...

     

                                                  HNX-based and do not adjust the power level.

Decreased liquidity, price bump at the end of the session is very clear expression of caution, despite yesterday with unexpected flourishes.

After the afternoon session may last up pretty quick at closing, entered the market this morning with excited mood. Time structure of the fund portfolio is running and also relieve pressure sales. Domestic investors giggled "offensive". Many investors expect a breakthrough in this morning.

Management to trading market pretty well and soon formed wave, extends to more than 10am. VN-Index reached the highest at 504.11 points, up 1.05% compared to the reference. HNX-Index also rose highest at 0.31%. The two-floor wide open to hundreds of stocks. This development is in line with expectations.

This lack of liquidity is still convincing. Markets rise, but prices are not active transaction. Seller waited tactical execution, particularly in the potential hot stock boom today as PPC, REE. Two codes generated big surprise yesterday and if really excited buyers, prices will respond very well.

However, the transaction is not really satisfactory. PPC have less buying power and selling pressure is still very high. Price was down 5.83% compared to the reference and better than the day, down 4.64%. A relatively large volume of the 23,000 or more in PPC temporarily trapped. REE at the session up 1.2% compared to the reference, to 25,200 dong but now only 24,700 dong, down 0.8% compared to the reference.

Many hot stocks yesterday was promoted as PET, HSG, CSM, DRC also bull-trap this morning with high price differentials. The seller has chosen the best time to exit recovery and is still selling strong.

Adjustment phenomenon today not occur evenly in all stocks. Depending on the level of price increases as well as the previous version last time to adjust it. HSX has recorded 9 matrix code 86 gainers and 6 floors, 61 stocks fell. Even in VN30 differentiation and also tend to increase the majority (14 stocks), only 6 losers.

Not to say that the market is weak this morning, but depending on the different buying shares. Many codes in the state of being free goods when prices rise sharply, by contrast, many stocks continue to be a good buy. VN-Index adjusted by 0.4% compared to the peak at 10 but is still above the threshold of 500 points, up 0.65% compared to the reference. VN30-Index rose 0.51%.

Many large stock price increase in the VN30 well as BVH, CTG, DPM, EIB, MBB, PVD, PVF, VNM. GAS is also increased by 1.68%. The support of the largest shares of this enables ranged HSX positive and just adjust individual strengths.

Hanoi office floor so no adjustments stronger and last longer. HNX-Index fell 0.31% compared to the reference, equivalent to 0.61% of adjusted this morning. HNX30-Index fell 0.89% compared to the reference, ie adjustment of 1.26% compared to peak at 10.

Until closing, the bank has increased by 0.62%, but only a final transaction. Much of the second half of the morning session, the shares stood references. SHB is from 10h30 onwards discounts. PVS only retrieve the reference level in about 10 minutes late.

The major stock speculation does not create a cushion for HNX. VCG in a long vicious reference. PVX are many sell orders below the reference and discount 1.72%. SCR after falling sharply from 10.30 and is currently losing 2.67%. USD, BVS, KLS does not create thrust.

In addition there are some hot stocks fluctuated, generally quiet trading markets, largely fluctuated reference only. Without the cheerfully needed in this morning and very weak liquidity. HSX is a new joint 490.3 billion, down 26% from the previous session and the lowest level in the last 22 sessions. HNX joints down 27%, only 130.2 billion. Demonstrated liquidity levels following cautious gains surprise yesterday, rather than excitement.