Market Recap - VN-Index slumped as selling pressure increased


▶ In Monday's session, liquidity increased sharply, and two main indexes dropped, showing negative investor sentiment.


▶ At the end of the session, VN-Index decreased 17.85 points, equivalent to 1.44%, reaching 1,223.63 points; HNX-Index decreased 4.87 points (1.9%), reaching 251.33 points. Market liquidity reached VND 32.1 trillion, equivalent to about 1,393 million shares traded. Foreign investors net sell VND 1,062 billion, focusing mainly on HPG and SSI.


▶ Technical perspective: After a continuous increase from the support area of 1,180 to the old peak of 1,250, the market had a technical correction. With this downward momentum, the market is trading sideways in a range of 1,180 - 1,250. The STOCH RSI indicator cuts below the signal line, showing that the downward momentum may continue in the coming sessions to test the 1,210 area of MA 20. The uptrend will be more clearly confirmed when the market surpasses 1,250.

Thao Nguyen

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