Market Recap – Steel-Securities: Going upstream


▶ In the first trading session of the week, the market had a slight increase with increased liquidity in the context of some industry groups with good business results.

▶ At the end, VN-Index increased 1.36 points, equivalent to 0.12%, reaching 1,182.86 points; HNX-Index increased 0.29 points (+0.13%), reaching 229.77 points. Market liquidity reached 18.7 trillion VND, equivalent to about 890 million shares traded. Foreign investors net bought 470 billion VND, focusing mainly on PC1 and CTG.

▶ Technical perspective: The market formed a small retreat candle, showing that demand has not yet been overwhelmed. However, the banking group showed signs of slowing down when some stocks showed signs of profit taking, causing the VNINDEX index to only raise up slightly. The main trend of VNINDEX is still increasing, but it is necessary to observe more developments in cash flow to confirm the next industry group to catch the wave. Reference support and resistance levels are 1,160 and 1,220, respectively.

Diem Ngo

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