Market Recap - Pressure from the selling side


▶ On the Wednesday's trading session, the market dropped sharply as selling pressure increased, causing the red vibe to spread and cover most industry groups. Liquidity is still maintained at a 20-day average.

▶ At the end of the trading session, VN-Index decreased 15.57 points (-1.21%), reaching 1,271.47 points; HNX-Index decreased 1.95 points (-0.79%), reaching 243.96 points. Market liquidity reached VND 27.4 trillion, equivalent to about 1,077.3 million shares traded. Foreign investors were net sold of VND 1,227.76 billion, focusing mainly on VHM, VNM, and SSI.

▶ Technical perspectives: VN-Index decreased from the opening morning session but ended the session increasing at the highest level of the day. VN-Index continues to retest the MA 20 support and is still oscillating slightly up in the range of 1270 - 1285. Reviewing short-term support at 1,265 and next resistance at 1,300.

Phuc Nguyen

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