Market Recap – Securities were not strong enough to push the VN-Index


▶ During Wednesday's trading session, the market was almost flat compared to yesterday's session, however liquidity improved significantly.

▶ At the end of the trading session, the VN-Index decreased by 0.59 points, equivalent to 0.05%, reaching 1,162.53 points; HNX-Index did not increase (0.00%), reaching 229.5 points. Market liquidity reached 16.7 trillion VND, equivalent to about 770 million shares traded. Foreign investors continued to net buy 141 billion VND, focusing mainly on MWG and HPG.

▶ Technical perspective: The market continued to move sideways with an increase in the middle of the session and a decrease back to the reference level at the end. VNINDEX appears a tombstone candlestick pattern with a long upper shadow, showing the current selling force when the market increases. The RSI index continues to be in the overbought zone and is showing signs of tilting down, showing the weakening trend of the previous upward momentum. The market is expected to continue to accumulate around the 1,160 area before making moves to determine a new trend.

Diem Ngo

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