Market Recap – Cautious sentiment spreads
25/01/2024

Summary

▶ During Thursday's trading session, the market was still unfavorable as it dropped with low liquidity.

▶ At the end of the trading session, VN-Index decreased 2.6 points, equivalent to 0.22%, reaching 1,170.37 points; HNX-Index decreased 0.01 point (-0.00%), reaching 228.52 points. Market liquidity reached 11.4 trillion VND, equivalent to about 541 million shares traded. Foreign investors turned to net sell VND 159 billion, focusing mainly on SAB and DGC.

▶ Technical perspective: The market continues to adjust but there has been no significant change in the main uptrend. This is the period when cash flows circulate through many different industry groups but lack consensus, so it is necessary to further observe the reaction of cash flows at the 1,160 area. 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.

Category
Daily
Author
SSV
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