Market Recap – Slowing down
27/12/2023

Summary

▶ During Wednesday's trading session, liquidity increased, two main indexes decreased slightly, showing the struggling psychology of investors.

▶ At the end of the trading session, the VN-Index decreased by 0.26 points, equivalent to 0.02%, reaching 1,121.99 points; HNX-Index decreased by 0.66 points (0.29%), reaching 230.60 points. Market liquidity reached VND 19.3 trillion, equivalent to about 776.8 million shares traded. 

▶ Technical perspective: The market shows signs of slowing down as it moves towards 1,130. The trend has not changed much over the past month when VNINDEX traded in a range of 1,080 - 1,130. The STOCH RSI indicator entered the overbought zone, showing that if the market wants to break beyond 1,130, it still needs a few cumulative correction sessions.

Category
Daily
Author
Vo Thi Thuy Trang
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