Market Recap - The Imprint of the Vietcombank


▶ On Wednesday's trading session, liquidity remained stable above average. The banking group attracted attention with VCB's increase to the limit.

▶ At the end of the trading session, the VN-Index increased by 17.09 points, up (1.38%), to 1,254.55 points; the HNX-Index decreased by 0.21 points (0.09%), to 235.16 points. Market liquidity reached 22.70 trillion VND, equivalent to about 970.8 million shares traded.

▶ Technical perspective: After the only 15-point correction last week, the market has increased for 3 consecutive sessions and officially exceeded 1,250. However, the large-cap stocks are increasing strongly to lift the market. VCB alone has contributed to more than 8 points of the VNINDEX increase. Therefore, we expect the market to have alternating corrections and increases, and good spreading so that the VNINDEX can increase more sustainably, towards the 1,400 zone this year.

Phuong Nguyen

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