Market Recap - The market keeps recovering


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


▶ At the end of the trading session, VN-Index increased 12.88 points, equivalent to 1.2%, reaching 1,089.66 points; HNX-Index increased 1.85 points (0.85%), reaching 219.59 points. Market liquidity reached VND 14.1 trillion, equivalent to about 693 million shares traded. Foreign investors net buy VND 356.1 billion, focusing mainly on STB and HPG.


▶ Technical perspective: VNINDEX has a fairly strong growth rate with increased liquidity. Technical indicators have also improved since then. Previously, we also mentioned the hard support zone of the market at 1020-1080 - corresponding to the trading range in early 2023. At the present, VNINDEX will begin rising wave when surpassing completely support area above 1020-1080 and MA 200 area. Especially MA 200, the market will often show the opposite decrease signal when meeting MA 200. Therefore, the formation of a second bottom is still possible and the market needs more accumulation.

Thao Nguyen

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