Market Recap - Liquidity disappears


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


▶ At the end of the session, VN-Index increased 1.1 points, equivalent to 0.1%, reaching 1,155.25 points; HNX-Index increased 0.37 points (0.16%), reaching 236.72 points. Market liquidity reached VND 11.4 trillion, equivalent to about 516 million shares traded. Foreign investors net buy VND 177 billion, focusing mainly on SSI and DXG. 


▶ Technical perspective: The market traded with a small amplitude and formed a doji candle with low liquidity. This is the 5th session of the market moving sideways and accumulating in the 1,150-1,160 area corresponding to MA 100. It can be seen that the buyers and sellers are cautious and quite balanced. We expect the market will continue to trade sideways waiting for new information such as Q3 business results. In the coming sessions, if the market forms a candle that closes down at 1,140, there is a high possibility that the market will form a strong downtrend. On the contrary, if the market completely escapes the 1,160 zone, it will open a new rising wave for the market. The reference support and resistance zone is 1,140-1,200.

Thao Nguyen

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