Market Recap – Continue shaking


▶ During Wednesday's trading session, the market continued to decline, showing that selling pressure is still quite strong.

▶ At the end of the trading session, VN-Index decreased 4.53 points, equivalent to 0.38%, reaching 1,172.97 points; HNX-Index decreased 0.73 points (-0.32%), reaching 228.53 points. Market liquidity reached 15.1 trillion VND, equivalent to about 733 million shares traded. Foreign investors continued to net buy 86 billion VND, focusing mainly on SSI and HPG.

▶ Technical perspective: The market continued to adjust and closed at the session's lowest price. Signs of profit taking are clearly evident in the banking group. The RSI index, after entering the overbought zone, has cooled down, showing that short-term price momentum is weakening. The corresponding support and resistance areas are 1,160 (corresponding to EMA 20) and 1,220. VNINDEX still has no negative signs but investors should be cautious and limit new purchases.

Diem Ngo

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