Market Recap – Foreign investors turned to net buyers
11/01/2024

Summary

▶ During Thursday's trading session, the market had a trading session with lower liquidity than the previous day, but the bright spot was that foreign investors returned to net buying.

▶ At the end of the trading session, the VN-Index increased by 0.68 points, equivalent to 0.06%, reaching 1,162.22 points; HNX-Index increased 1.3 points (+0.56%), reaching 232.71 points. Market liquidity reached 17.3 trillion VND, equivalent to about 860 million shares traded. Foreign investors turned to net buy 152 billion VND, focusing mainly on STB and HPG.

▶ Technical perspective: The market closed with a Doji candlestick pattern showing a struggle. Combined with recent trading sessions, it shows that VNINDEX is trading in a narrow range after overcoming the resistance area of ​​1,155 and the strength of the short-term uptrend has been reduced. Besides, the RSI is currently in the overbought area, showing an increasing risk of reversal.

Category
Daily
Author
SSV
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