Market Recap - VN-Index plummets


▶ In Thursday's trading session, liquidity increased sharply, two main indexes decreased, showing negative sentiment of investors.


▶ At the end of the trading session, VN-Index decreased 46.21 points, equivalent to 4.19%, reaching 1,055.45 points; HNX-Index decreased 12.03 points (5.3%), reaching 214.98 points. Market liquidity reached VND 23.2 trillion, equivalent to about 1,177 million shares traded. Foreign investors net sell VND 103.8 billion, focusing mainly on VHM and SSI.


▶ Technical perspective: The market opened with a gap, falling sharply from the morning session and throughout until the close. Thus, VNINDEX has officially returned to the cumulative support zone of the first 5 months of 2023, which is the 1025-1080 zone. In the coming sessions, VNINDEX can still decrease further even though it is currently touching the hard support zone. In a bad scenario, if VNINDEX breaks through the 1020 zone, the possibility of returning to the 950-1000 zone is relatively high. However, we believe that the probability of this scenario is not high.

Thao Nguyen

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