Vietnam stock market recovered slightly on Thursday trading session. Brokerage and steel stocks as the pillars supported the market. At the end, VN Index added 4.04 points more, or +0.28% and closed at 1,448.34. Liquidity reversed to a new normal high probably at VND 27,872 bn (929mn shares) after the previous explosive session. Foreign investors only net sold slightly VND 75 bn.
BID (+2.21%), SHB (+6.64%), and HPG (+1.26%) were the codes contributing the most to the index. Meanwhile, GAS (-2.42%), VIC (-0.31%) and TCB (-0.74%) were the top three tickers that had the negative impact on the index.
Among industries, Brokerage stocks outperformed other groups with a raise of 4.96% in capitalization. In which, some remarkable stocks include VND (+6.68%), SSI (+3.12%), VCI (+5.12%).
From a technical perspective, VN-Index gained slightly and ended the session with a spinning top candle, showing that the buying and selling force was quite struggling and balance at 1,450 points. The MACD is still above the signal line, showing that the situation is still positive. VN Index may need more time to accumulate before creating further breakout. In term of fundamental perspective, the third quarter business results of companies showed not as bad as people expected, but also increased by nearly 25% over the same period. Therefore, reopening is ongoing, along with supportive macro factors will let the market continues to go up North.
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