Market commentary: Selling pressure dominated

Selling pressure persisted among large-cap stocks, dragging the overall market downward. Besides that, VNIndex continued to close below major moving averages. Although liquidity remained low, downside risks began to rise as the VNIndex marked its fourth consecutive session of decline, with no signs of recovery above the MA200. Therefore, investors may consider gradually reducing the proportion of stocks in their portfolios and await further signals from the market.