Vietnam Insight

▶ The market continued its downward trend on Wednesday, following a sharp decline on Monday, indicating a growing trend of broad-based selling.

▶ At the end of the trading session, the VN-Index fell 22.67 points, or 1.86%, to 1,193.01 points; the HNX-Index lost 2.63 points (-1.15%) to 226.2 points. Market liquidity reached VND 19.1 trillion, equivalent to approximately 859 million shares traded. Foreign net sell was VND 987 billion, concentrated mainly in FUEVFVND and VHM.

▶ Technical Analysis: The market reversed sharply downward in the afternoon, with strong selling inertia as selling pressure dominated. Low liquidity indicates a lack of buying demand at high price levels, while pessimistic sentiment continues to dominate investor sentiment. The VN-Index closed at 1,193 points, losing the important 1,200-point mark. The MACD crossed below the zero line, indicating that the market is still at high risk and has not confirmed a bottoming zone. The MA200 at 1,175 is the nearest support level for the coming sessions, and further below is 1,150.