Market Recap – Failure at milestone 1,130
13/12/2023

Summary

▶ During Wednesday's trading session, the market suddenly dropped sharply in the afternoon session and foreign investors were strong net sellers.

▶ At the end, VN-Index decreased 13.43 points, equivalent to 1.19%, reaching 1,114.2 points; HNX-Index decreased 3.29 points (-1.42%), reaching 228.42 points. Market liquidity reached 18.45 trillion VND, equivalent to about 844 million shares traded. Foreign investors continued to net sell 901 billion VND, focusing mainly on VNM and FUEVFVND.

▶ Technical perspective: The market decreased most of the session, the sellers completely dominated, causing VNINDEX to close below EMA 50. Thus, after a series of failed attempts to conquer the 1130 resistance area, the market will likeky adjust to the 1080 - 1100 range to test again. The STOCH indicator has crossed the signal line along with today's downtrend, showing that the probability of the market continuing to correct is high.

Category
Daily
Author
Diem Ngo
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