Market Recap – Reversal at the end of the session
19/12/2023

Summary

▶ During Tuesday's trading session, the market suddenly increased at the end of the session but liquidity was still lower than the previous day.

▶ At the end of the trading session, VN-Index increased 4.42 points, equivalent to 0.40%, reaching 1,096.3 points; HNX-Index increased 1.54 points (+0.68%), reaching 225.73 points. Market liquidity reached 12.81 trillion VND, equivalent to about 650 million shares traded. Foreign investors net sold 453 billion VND, focusing mainly on EIB and VNM.

▶ Technical perspective: The market opened down in the morning session to the 1,080 range, but recovered strongly in the afternoon session when it closed at the session's highest level. The 1,080 area once again continues to act as an important support level. Currently, the market is still trading in a range of 1,080-1,130 since the beginning of November, in which the 1,080 zone acts as support and the 1,130 zone acts as resistance. Technical indicators such as RSI and MACD are showing decreasing signals, signaling that market risks are still present.

Category
Daily
Author
Diem Ngo
Details

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