Market Recap – The green color spread
03/01/2024

Summary

▶ During Wednesday's trading session, the market had a strong increase but liquidity was lower than the previous day.

▶ At the end, VN-Index increased 12.45 points, equivalent to 1.10%, reaching 1,144.17 points; HNX-Index increased 1.65 points (+0.72%), reaching 231.64 points. Market liquidity reached 14.71 trillion VND, equivalent to about 720 million shares traded. Foreign investors continued to net sell 217 billion VND, focusing mainly on FUESSVFL and SSI.

▶ Technical perspective: VNINDEX has officially broken out of the resistance zone at 1,130 after nearly 2 months of sideways trading. The market has changed its wave structure to an uptrend in the medium term. However, the market moving sideways or adjusting slightly around the 1,130-1,140 area is entirely possible when the STOCH RSI indicator shows signs of about to cross the signal line. In general, investors can completely disburse new purchases or increase the proportion during this period.

 

Category
Daily
Author
Diem Ngo
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