Market Recap – Being cautious during the derivative maturity session


▶ During Thursday's trading session, liquidity decreased, showing investors' cautious sentiment. Cash flow has flowed into real estate and retail sectors to continue to pull the market.

▶ At the end of the trading session, VN-Index increased by 6.53 points, equivalent to 0.56%, reaching 1,169.06 points; HNX-Index increased by 0.43 points (0.19%), reaching 229.93 points. Market liquidity reached VND 13.2 trillion, equivalent to about 596.2 million shares traded. 

▶ Technical perspective: VNINDEX continues to increase after consolidating at 1,160. The STOCH RSI has returned to an uptrend indicating improving price momentum. It can be seen that cash flow is circulating to pull the price level up. It is expected that the market will slow down when it approaches the 1,180 area, at the same time the market is about to have a Tet holiday. If there is a deep decrease, VNINDEX will return to the 1,130 zone, but the probability of the market breaching this zone is low. 

Vo Thi Thuy Trang

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