Market Recap – VIC group pulls the market
28/12/2023

Summary

▶ During Thursday's trading session, the market had a rebound with a breakthrough in Vin Group stocks.

▶ At the end, VN-Index increased 6.94 points, equivalent to 0.62%, reaching 1,128.93 points; HNX-Index increased 0.75 points (+0.33%), reaching 231.35 points. Market liquidity reached 15.5 trillion VND, equivalent to about 717 million shares traded. Foreign investors net bought 443 billion VND, focusing mainly on VHC and ASM.

▶ Technical perspective: The market maintained its upward momentum after slowing down yesterday although it still closed below the 200 EMA corresponding to the 1,130 zone. The trend has not changed much over the past 1 month when VNINDEX traded moving in the range of 1,080 – 1,130. The STOCH RSI indicator has pulled up above 80, showing that a correction trend may occur as in the past. However, if VNINDEX can close higher than 1,130 tomorrow, the market's new uptrend will be clearer.

Category
Daily
Author
Diem Ngo
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