Market Recap - Cautiousness


▶ In Thursday's session, the liquidity increased slightly, the two main indexes dropped, showing cautious sentiment of investors.

▶ At the end of the session, the VN-Index lost 9.21 points, equivalent to 0.79%, reaching 1,233.48 points; HNX-Index dropped 2.59 points (-1.03%), reaching 249.97 points. 

▶ Technical perspective: The market has been moving sideways at MA10 for over a week. The possibility of the market correcting to the zone of 1220 of MA 20 to back test is relatively high. In general, the market is still keeping its uptrend in the medium term, however, the momentum of the recent increase has mainly come from large-cap stocks. The lack of leading momentum of VIC and the large-cap group today is a sign that the market will have a downside risk when VIC in particular and large-cap groups like banks in general may lack momentum in the coming time.


Vo Thi Thuy Trang

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