Market Recap - Direction determination
13/06/2024

Summary

On Thursday's trading session, the market entered a volatile period to determine a new trend after successfully conquering the 1,300 milestone. Industry groups were mixed with market volume approximately at the 20-day average.

At the end of the trading session, VN-Index increased 1.32 points (+0.10%), reaching 1,301.51 points; HNX-Index increased 0.05 points (+0.02%), reaching 248.36 points. Market volume reached VND 23.1 trillion, equivalent to about 891.3 million shares traded. Foreign investors were net sold of VND 1,413.56 billion, focusing mainly on FPT, VHM, and VRE.

▶ Technical perspective: VN-Index closed higher after surpassing the peak of 1,300. The trend still maintains a good increase. Therefore, corrections will be opportunities to buy good stocks. Price momentum indicators still show a short-term uptrend. Short and medium-term support are 1,280-1,300 and 1,250-1,260, respectively.

 

Strategy: Investors can completely buy stocks that are rising from the ground up with high volume. Prioritize large capitalization stocks, such as widely-chosen industries such as banking, securities and steel.

 

Category
Daily
Author
Phuc Nguyen
Details

Page: 5

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