Market Recap - Liquidity is still low
29/11/2023

Summary

▶ During Wednesday's trading session, the market continued to increase but liquidity was lower than the previous day.

▶ At the end, VN-Index increased 7.37 points, equivalent to 0.67%, reaching 1,102.8 points; HNX-Index increased 2.64 points (+1.18%), reaching 227.03 points. Market liquidity reached 12.62 trillion VND, equivalent to about 615 million shares traded. Foreign investors continued to net buy 15.96 billion VND, focusing mainly on VCI and SHS. 

▶ Technical perspective: : VNINDEX created a slightly increasing candle with low liquidity, further strengthening the 1080 support area. However, the market is still fluctuating in the 1080 - 1130 area so it is still unclear whether the uptrend has returned again. It is expected that in the base scenario, the market will move sideways to solidly accumulate at the 1080 area. And when the market surpasses 1140, it will open a strong upward wave towards the 1250 area.

Category
Daily
Author
Diem Ngo
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