Vietnam stock market continued to try to break out in Thursday's session, VN Index started quite well in the morning and most of the time. However, the gaining momentum narrowed and fell below the reference level at the end of the session.
As a result, VN Index dropped slightly by 0.06 points and closed at 1,391.85. Liquidity recovered positively when the trading value reached VND 22,112 bn, for 725mn shares traded. Foreign investors continued to net sell of VND 643 bn, focusing on PAN (+5%) and HPG (+0%).
GVR (+2.4%), PDR (2.65%) and DIG (5.65%) are the stocks that contributed the most to the VN Index. Meanwhile, the correction of Vingroup duo, VHM (-1.38%) and VIC (-0.64%), along with rookie banking stock, SHB (-3.33%) took a lead on having negative impact on the index.
In general, real estate and banking large-cap stocks dropped preventing the index from moving upward. Meanwhile, small-cap and mid-cap groups had a wonderful session and played as pillars holding the index from free fall.
Technically, VN-Index ended the session with a Doji candle pattern, which shows that supply and demand are quite balanced and struggling at the resistance level of 1,400 points. The RSI is near the overbought zone and showing signs of a slight correction. We think VN Index is in
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