Market Recap – Differentiation
20/12/2023

Summary

▶ During Wednesday's trading session, the market had a slight increase in the afternoon session but overall liquidity was still low.

▶ At the end of the trading session, VN-Index increased 4.46 points, equivalent to 0.41%, reaching 1,100.76 points; HNX-Index increased 0.89 points (+0.39%), reaching 228.16 points. Market liquidity reached 13.28 trillion VND, equivalent to about 598 million shares traded. Foreign investors net sold 411 billion VND, focusing mainly on HPG and FUEVFVND.

▶ Technical perspective: The market continues to recover after yesterday's session. The 1,080 area once again continues to act as an important support level. Currently, the market is still trading within a range of 1,080-1,130 since the beginning of November. In which the 1,080 area acts as support and the 1,130 area is resistance. Price momentum indicators have given buy signals, specifically the STOCH RSI indicator has crossed the signal line. The main trend of the market is still sideways.

Category
Daily
Author
Diem Ngo
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