Market Recap - Cautious at the resistance area
29/02/2024

Summary

▶ On Thursday, trading volume increased compared to the previous session. Large-cap stocks that have increased significantly in the past such as VCB, VIC, BID have reversed and decreased in price.

▶ At the end of the trading session, the VN-Index decreased by 1.82 points (0.15%) to 1,252.73 points; the HNX-Index increased by 0.29 points (0.12%) to 235.46 points. Market liquidity reached VND 26.14 trillion, equivalent to approximately 1,091.2 million shares traded. 

▶ Technical Viewpoint: After 3 consecutive increases, signs of balance between supply and demand have appeared right at the old peak of 2023 at 1,250. Adjustment phases are necessary for a sustainable upward trend. Overall, the overall trend and market sentiment remain unchanged. Investors can completely continue to hold stocks and need to observe further market developments.

Category
Daily
Author
Phuong Nguyen
Details

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