Market Recap - VN-Index closes above 1,245 points


▶ In Wednesday's session, liquidity increased sharply, and two main indexes gained, showing positive investor sentiment.


▶ At the end of the session, VN-Index gained 10.52  points, equivalent to 0.85%, reaching 1,245.5 points; HNX-Index increased 3.08 points (1.22%), reaching 255.36 points. Market liquidity reached VND 25.2 trillion, equivalent to about 1,131 million shares traded. Foreign investors net sell VND 106 billion, focusing mainly on HDG and SSI.


▶ Technical perspective: After the market plummeted more than 50 points on August 18 and closed at 1,180. Up to now, the market has increased again by 65 points with 6 consecutive sessions and liquidity increased steadily with each session. Even so, the RSI has not yet entered the overbought zone. Currently, the market is approaching the resistance area of 1,250 zone, but with the current strong upward momentum, VNINDEX may move towards the 1,300 zone in the near future.

Thao Nguyen

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