Market Recap - Liquidity remains low
28/09/2023

Summary

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

 

▶ At the end of the session, VN-Index decreased 1.42 points, equivalent to 0.12%, reaching 1,152.4 points; HNX-Index decreased 1.34 points (0.57%), reaching 234.5 points. Market liquidity reached VND 15.8 trillion, equivalent to about 691 million shares traded. Foreign investors net sell VND 502 billion, focusing mainly on STB and GMD. 

 

▶ Technical perspective: The market formed a withdrawal candle when the morning session dropped to 1,140 and strong buying demand in the afternoon session pushed the market to close at 1,152. It can be seen that the 1,140 area is a good support area as demand in the last 2 sessions has always actively bought strongly in this area. The STOCH RSI indicator has crossed the signal line, showing that the price trend has improved well. Investors can prepare to buy again when the market increases more clearly in the coming sessions. Support is 1,140, resistance is 1,180 and beyond is 1,250.

 

Category
Daily
Author
Thao Nguyen
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