Market Recap – Slowdown
09/01/2024

Summary

▶ During Tuesday's trading session, the market had a slight decline, showing that investor sentiment is still cautious.

▶ At the end of the trading session, VN-Index decreased 1.60 points, equivalent to 0.14%, reaching 1,158.59 points; HNX-Index decreased 0.83 points (+0.35%), reaching 232.5 points. Market liquidity reached 18.4 trillion VND, equivalent to about 871 million shares traded. Foreign investors continued to net sell 116 billion VND, focusing mainly on FUEVFVND and VNM.

▶ Technical perspective: The market shows signs of slowing down after meeting the resistance area at 1,150. Currently, VNINDEX is trading in the upper band of the Bollinger Band line, besides the RSI index is in the overbought zone, this shows that the market is showing signs of accumulation after increasing for 7 consecutive sessions.

Category
Daily
Author
Diem Ngo
Details

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