Market Recap - Red dominated VN-Index


▶ During Wednesday's trading session, liquidity remained above average. The number of stock codes with reduced prices overwhelmed the market, but the decrease in VN-Index was not significant.

▶ At the end of the trading session, the VN-Index decreased 7.25 points, down (0.57%), to 1,262.73 points; HNX-Index decreased 1.90 points (0.80%), down to 235.45 points. Market liquidity reached VND 24.9 trillion, equivalent to about 1,062.9 million shares traded.

▶ Technical perspective: The market showed balanced supply and demand in today's session, partly due to the efforts of large capitalization groups to increase sharply to slow down the decrease of the market. The general upward trend is still expected to maintain, so corrections recently could help VNINDEX increase more sustainably. New buying waves should wait until the market falls back to the EMA20 with expectation to bounce back. The corresponding support and resistance levels are 1,230 and 1,300 points

Phuong Nguyen

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