Market Recap – Pressure from the pillar group


▶ During Tuesday's trading session, the market had a down session with low liquidity, showing that investor sentiment was not too positive.

▶ At the end of the trading session, VN-Index decreased 5.36 points, equivalent to 0.45%, reaching 1,177.5 points; HNX-Index decreased 0.51 points (-0.22%), reaching 229.26 points. Market liquidity reached 15.1 trillion VND, equivalent to about 684 million shares traded. Foreign investors continued to net buy 234 billion VND, focusing mainly on STB and VCG.

▶ Technical perspective: The market continued to close with a red candle combined with the hanging man candlestick pattern of the previous trading session, showing a weakening sign of the uptrend, besides the liquidity remained at a low level. A lower liquidity level also signaled a decline in trend. The %K line has crossed the %D line of the Stochastic indicator and the RSI line has a tendency to reverse, showing a negative signal.

Diem Ngo

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