Market Recap – Weak demand


▶ During Monday's trading session, the market had a volatile trading session with low liquidity.

▶ At the end, the VN-Index decreased by 0.58 points, equivalent to 0.05%, reaching 1,154.12 points; HNX-Index decreased 2.76 points (-1.2%), reaching 232.71 points. Market liquidity reached 12.7 trillion VND, equivalent to about 617 million shares traded. Foreign investors net bought 54 billion VND, focusing mainly on STB and CTG.

▶ Technical perspective: The market almost went sideways compared to the previous session, but closed at the session's lowest price. The main trend of the market is still an uptrend, but profit-taking pressure has appeared clearly over the past few sessions. The banking group has weakened slightly, causing VNINDEX to slow down, as shown by price momentum indicators such as STOCH RSI, which has crossed the signal line. Market support and resistance levels are 1,130 and 1,180.

Diem Ngo

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