Market Recap - Shaking on the first trading session


▶ On the Monday's trading session, the liquidity ứa improved but was still below its 20-day average. The market was under the red vibe as the demand side was weakened at the end of the trading session.

▶ At the end of the trading session, VN-Index decreased 2.57 points (-0.20%), reaching 1,281.52 points; HNX-Index slightly rise by 0.31 point (+0.13%), reaching 242.90 points. Market liquidity reached VND 23.3 trillion, equivalent to about 971.2 million shares traded. Foreign investors net sold VND 725.1 billion, focusing mainly on MSN, SSI, VNM.

▶ Technical perspective: VN-Index struggled and ended the session with a slight decrease. However, the market still keeps its upward trend as it is above MA20. In today's session, the market is under corrective pressure from banking stocks. It is noted that the short-term supporting area is at 1,265 - corresponding to EMA20; considering the next resistance levels at 1,300 and 1,400.

Phuc Nguyen

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