Market Recap - Low volatile trading session


▶ During Wednesday's trading session, liquidity remained above average. Market breadth clearly shows differentiation with the number of increasing stocks being approximately equivalent to the number of decreasing stocks.

▶ At the end of the session, the VN-Index decreased slightly by 0.02 points, moving sideways during the session, reaching 1,230.04 points; HNX-Index increased 0.35 points (0.15%), reaching 233.80 points. Market liquidity reached VND 22.6 trillion, equivalent to about 988.8 million shares traded. 

▶ Technical perspective: VNINDEX formed a bullish pin bar candle but the index closed sideways compared to the previous session. The closing price was flat compared to the previous session. The main trend is still up, but there is a high probability of a correction as technical indicators are showing mixed signals. Specifically, the STOCH and RSI indicators are in the overbought zone, the 1,220-1,250 zone is near the old peak of 2023, the market has been overheated and there have been few corrections. 

Phuong Nguyen

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