Market Recap - Selling force increased at the end of trading


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


▶ At the end of the session, VN-Index decreased 7.05 points, equivalent to 0.57%, reaching 1,238.39 points; HNX-Index decreased 0.22 points (0.08%), reaching 256.11 points. Market liquidity reached VND 29.7 trillion, equivalent to about 1,263 million shares traded. Foreign investors net sell VND 1,197 billion, focusing mainly on HPG and STB.


▶ Technical perspective: VN-Index has not yet been able to completely surpass the 1,250 zone, as there have been many continuous fluctuations in this resistance zone. However, the market trend still holds steady as the support levels have not yet been violated. Looking at the STOCH RSI, it can be seen that the possibility of the market increasing in the near future is low when the indicator has crossed the signal line. It is expected that the market will trade sideways in the near future when supply and demand are both a quite balanced

Thao Nguyen

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