Market Recap - Bank stocks fly high


▶ In Monday's trading session, liquidity was flat, main index increased, showing positive sentiment of investors.


▶ At the end of the trading session, VN-Index increased 13.51 points, equivalent to 1.15%, reaching 1,186.06 points; HNX-Index decreased 0.28 points (0.12%), reaching 230.28 points. Market liquidity reached VND 19.1 trillion, equivalent to about 874 million shares traded. Foreign investors net buy VND 55.5 billion, focusing mainly on CTG and STB.


▶ Technical perspective: The market had a convincing rising session after the temporary slowdown of the previous session. The index is led by banking stocks. Thus, after testing the 1160 - EMA 20 area, the market continued to trend up, the STOCH RSI crossed the signal line from the oversold area, showing that the price trend still has much room to improve. It is forecasted that there is a high probability that the market may continue to reach the 1220 area. Reference support is the 1160 area. However, the risk of withdrawing money before Tet is still present, which could cause the market to drop suddenly.

Thao Nguyen

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