Market Recap - Large cap group to the rescue


▶ On the Thursday's trading session, the market continued to bear the pressure of the selling side in the morning session but had a correction in the afternoon thanks to the pivotal stock groups. The bright point coming from the foreign investors was back to net purchase result and the trading volume still remained near the 20-day average level.

▶ At the end of the trading session, VN-Index decreased 3.22 points (-0.25%), reaching 1,268.25 points; HNX-Index decreased 1.51 points (-0.62%), reaching 242.44 points. Market liquidity reached 23.9 trillion VND, equivalent to about 980.9 million shares traded. Foreign investors have net purchase of VND 481.4 billion, focusing mainly on VNM, MWG, and VCB.

▶ Technical perspective: VN-Index formed a doji candle pattern at the EMA 20 support level, showing that supply and demand are in balance. In addition, the downward spread during the session was quite large, but the ending decrease was only 3 points thanks to the support of large capitalization groups such as VCB, VNM. The market is re-testing the support area 1,270 and needs further observation to identify the market's trend in the near future.

Phuc Nguyen

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