Market Recap - The overwhelming selling force


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


▶ At the end of the session, VN-Index decreased 13.31 points, equivalent to 1.15%, reaching 1,141.42 points; HNX-Index decreased 2.59 points (1.08%), reaching 236 points. Market liquidity reached VND 15.2 trillion, equivalent to about 672 million shares traded. Foreign investors net sell VND 828 billion, focusing mainly on MWG and FPT. 


▶ Technical perspective: The market's upward momentum stalled at the 1,160 resistance area, causing the market to decline, losing its attempt to increase last Friday. With the STOCH RSI indicator crossed down, the market's upward momentum is low. As we have commented, the market will face difficulties for at least a few sessions this week before accumulating enough and completely breaking out of 1,160. A new buying point will be good when the market completely surpasses 1,160 or retests the 1,110 area and shows signs of increasing again.

Thao Nguyen

Page: 5


File format: pdf

Size: 1.23 MB