Market Recap - Strong net selling by foreign investors


▶ During Wednesday's trading session, liquidity continued to be below average. Real estate and banking groups slightly decreased, neutralizing the increase in other industry groups such as retail, Personal & Household Goods or securities.

▶ At the end of the trading session, VN-Index increased 0.88 points, up (+0.07%), reaching 1,283.09 points; HNX-Index increased 0.82 points (+0.34%), reaching 242.85 points. Market liquidity reached VND 24.06 trillion, equivalent to about 919.3 million shares traded.

▶ Technical perspective: VNINDEX maintains good momentum despite not improving much in terms of points. Foreign selling pressure is quite strong but does not negatively affect investor sentiment. Investors can still hold stocks with the support level of the EMA 20 corresponding to the 1,260 zone. Short-term momentum indicators such as STOCH and RSI are showing weakness, suggesting that T+ trading should be limited. The support and resistance levels are 1,260 - 1,300.

Phuong Nguyen

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