Market Recap - Liquidity decreased continuously


During Wednesday's trading session, liquidity decreased slightly, two main indexes decreased, showing negative sentiment of investors.


At the end of the trading session, VN-Index decreased 4.24 points, equivalent to 0.38%, reaching 1,101.66 points; HNX-Index decreased 1.89 points (-0.83%), reaching 227.01 points. Market liquidity reached VND 11.0 trillion, equivalent to about 539 million shares traded. Foreign investors net bought VND 558 billion, focusing mainly on VIC.


Technical perspective: The market opened with a high increase compared to the previous 4 sessions but was under selling pressure throughout the session. It can be concluded that the possibility of a sideway market in the 1100 area is high. Currently, VNINDEX is still trading below MA 200, the price momentum has improved but still be weak as investors are very cautious about buying. Current resistance is 1115, corresponding to MA 200, support level is at 1080.

Thao Nguyen

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