Market Recap - Continue the upward momentum


▶ During Tuesday’s trading session, liquidity continues to decline, showing that investor sentiment is still hesitant.

▶ At the end of the trading session, the VN-Index increased by 6.8 points, equivalent to 0.62%, reaching 1,110.46 points; HNX-Index increased 2.02 points (+0.89%), reaching 229.8 points. Market composition reached 14.88 billion VND, equivalent to about 713 million shares traded. Foreign investors turned to net sell 576 billion VND, focusing mainly on VPB and VNM.

▶ Technical perspective: VNINDEX created a gap and closed with a red candle and long lower shadow. This shows that there were some signals of seller participation during the trading session. Market liquidity was recorded at a lower level than yesterday, showing that the upward momentum is slowing down in the short term. However, indicators such as RSI and MACD continue to show positive signals for the uptrend. Therefore, we realize that the market needs a few sessions of accumulation to create upward momentum. 



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