Market Recap - "The God of Wealth" arrived for the VIC stocks


▶ During Monday's trading session, liquidity continued to improve. Cash flow pouring into VIC family stocks and food and beverage stocks helped the market continue to have a positive increasing session.

▶ At the end of the trading session, VN-Index increased 15.27 points, equivalent to 1.26%, reaching 1,224.97 points; HNX-Index increased 0.33 points (0.14%), reaching 233.37 points. Market liquidity reached 24.7 trillion VND, equivalent to about 1,046.4 million shares traded. 

▶ Technical perspective: VNINDEX continues to increase with the lead from large capitalization stocks. In particular, Vingroup stocks contributed about half of the market's increase points. Although the upward momentum still maintains well, the spread of stocks is not strong. Price momentum indicators such as RSI have entered the overbought zone, and the score has entered the strong resistance area of 1220-1250, causing corrective pressure to occur in the coming sessions.

Phuong Nguyen

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