Market Recap – Tug-of-war
11/12/2023

Summary

▶ During Monday's trading session, the market had a struggling session with low liquidity, showing that investors are still hesitant.

▶ At the end, VN-Index increased 1.06 points, equivalent to 0.09%, reaching 1,125.5 points; HNX-Index increased 0.17 points (+0.07%), reaching 231.37 points. Market liquidity reached 14.65 trillion VND, equivalent to about 701 million shares traded. Foreign investors net sold VND 428 billion, focusing mainly on VCB and STB.

▶ Technical perspective: : The market continues to maintain a sideways state in a narrow range from 1,120 to 1,125, this shows that the market is entering the accumulation phase before it can continue to maintain the short-term uptrend. The MA lines continue to show positive signals when the short-term MA lines in turn cut the long-term MA lines (MA10 cuts MA 20 and MA50, MA20 cuts MA50). Besides, indicators such as RSI and MACD continue to show positive signals, reinforcing the short-term uptrend.

Category
Daily
Author
Diem Ngo
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