Market Recap - Strong selling pressure


In Thursday's session, liquidity increased slightly and two main indexes decreased, showing negative investor sentiment.


▶ At the end of the session, VN-Index decreased 13.37 points, equivalent to 1.09%, reaching 1,212.7 points; HNX-Index decreased 2.95 points (1.16%), reaching 251.87 points. Market liquidity reached VND 23.0 trillion, equivalent to about 963 million shares traded. Foreign investors net sell VND 364 billion, focusing mainly on HPG and KDH. 


▶ Technical perspective: The market formed a bearish candle, erasing all recovery efforts of the previous session and returning to the 1,210 area once again. The reason comes from the derivative maturity session and the information that the State Bank of Vietnam absorbs cash flow through the bill channel. In the morning session, there were many stocks that increased in green but decreased in the afternoon session. VNINDEX still maintains the MA 50 - 1,210 zone but the possibility of breaking this zone is increasing. If this zone is breached, the market will return to the 1,180 area.

Thao Nguyen

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