Market Recap - The market increased


In Wednesday's trading session, liquidity decreased, two main indexes increased, showing positive sentiment of investors.


At the end of the trading session, VN-Index increased 11.47 points, equivalent to 1.12%, reaching 1,039.66 points; HNX-Index increased 3.48 points (1.69%), reaching 209.65 points. Market liquidity reached VND 13.06 trillion, equivalent to about 680 million shares traded. Foreign investors net sell VND 77.8 billion, focusing mainly on VHM and MWG.


Technical perspective: VNINDEX has a technical recovery while liquidity is still very low. After a continuous sharp decline, it is normal to increase again. Part of this upward momentum also follows the recovery of global stocks. Therefore, it is still early to participate in bottom at the present when the market has more than two bull-traps in the past, although the current price range is quite a hard support zone. Investors should further observe price developments in this 1020 area. If the market accumulates enough and bounces back out of the 1040-1060 area, new buying opportunities will be clearer.

Thao Nguyen

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