Market Recap - VN-Index could not break out


▶ During Thursday's trading session, liquidity remained stable around the average level. Banking stocks simultaneously dropped, making the market unable to maintain the green color of the past two sessions.

▶ At the end of the trading session, VN-Index decreased 6.25 points, down (0.49%), to 1,264.26 points; HNX-Index increased 1.48 points (0.62%), reaching 239.68 points. Market liquidity reached VND 27.9 trillion, equivalent to about 1,057.2 million shares traded.

▶ Technical perspective: VNINDEX had a slight decrease after yesterday's strong up move. In general, the upward momentum is still maintained as the EMA 20 has been well maintained since the beginning of the year. Price momentum indicators are still pointing up, showing an improving price trend. The support and resistance areas are 1,240 (20 EMA) and 1,300, respectively.

Phuong Nguyen

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