Market Recap - Strong selling during ATC session
17/10/2023

Summary

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

 

▶ At the end of the session, VN-Index decreased 19.97 points, equivalent to 1.73%, reaching 1,121.6 points; HNX-Index decreased 6.43 points (2.72%), reaching 230.03 points. Market liquidity reached VND 13.6 trillion, equivalent to about 610 million shares traded. Foreign investors net buy VND 18.2 billion, focusing mainly on STB and SSI. 

 

▶ Technical perspective: The market's sudden reversal at the end of the session shows that sellers are willing to participate in the market as uncertainties about the world economic and political situation are present. In today's session, the market fell to the support zone of 1,110 - 1,120. This support zone will play an important role in the upcoming sessions, thereby confirming the future downtrend or uptrend.

Category
Daily
Author
Thao Nguyen
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