Market Recap – Overwhelming red color


▶ In the trading session on the first day of the week, the market ended at an almost flat level compared to the last trading day of the previous week, showing that investor sentiment is gradually becoming depressed.

▶ At the end of the trading session, VN-Index increased 0.02 points, reaching 1,175.69 points; HNX-Index decreased 0.38 points (-0.17%), reaching 229.05 points. Market liquidity reached 14.3 trillion VND, equivalent to about 667 million shares traded. Foreign investors net sold 137 billion VND, focusing mainly on PC1 and VNM.

▶ Technical perspective: The market has not had many changes in structure and trading psychology, possibly due to gloomy sentiment before Tet. Currently, cash flow shows signs of profit taking in the banking group and flows into a few large capitalization stocks to maintain the index. The divergence of cash flow makes VNINDEX still unable to break through. Support and resistance are the 1160 and 1220 areas, respectively.

Diem Ngo

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