Market Recap - VN-Index turned down sharply


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


▶ At the end of the trading session, VN-Index decreased 18.22 points, equivalent to 1.79%, reaching 1,042.4 points; HNX-Index decreased 6.7 points (3.07%), reaching 211.34 points. Market liquidity reached VND 10.1 trillion, equivalent to about 533 million shares traded. Foreign investors net sell VND 88.7 billion, focusing mainly on VHM and TCB.


▶ Technical perspective: VNINDEX dropped with the closing price at the lowest level. The overwhelming depressed mood caused demand to almost disappear. We expect the market to fluctuate in the range of 1020-1080. 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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