Market Recap - Slight increase with cautious sentiment


▶ During Thursday's trading session, liquidity decreased to average levels. The green color returned to the market, but the increase was insignificant at the main resistance area.

▶ At the end of the trading session, VN-Index increased 5.73 points, up (0.45%), reaching 1,268.46 points; HNX-Index increased 1.91 points (0.81%), reaching 237.37 points. Market liquidity reached 25.1 trillion VND, equivalent to about 1,017.3 million shares traded. 

▶ Technical perspective: The market increased mainly due to a few large-cap stocks and a group of securities that increased sharply after the money flow showed signs of slowing down into the banking group. Overall, the uptrend is still maintained, but the possibility of a further strong increase is slim when the bank valuation has improved quite significantly; it is expected that the market will have some corrections to cement VNINDEX's uptrend. Support and resistance are at 1,200 and 1,300, respectively

Phuong Nguyen

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