Vietnam Insight

Vietnam's stock market continued to extend its downtrend for the 6th week in a row, VN-Index fell below the tactical support level of 1200 points. There were two technical retracement sessions in the week but 3 red marubozu candles pushed the index down deeply and pierced a series of strategic supports. At the end of the week, the VN Index dropped 146.49 points, equivalent to 11.02% and stopped at 1182.77 points. Meanwhile, the HNX Index dropped 41.07 points, or 11.96%, to close at 302.39 points and UPCOM dropped 8.27 points to 93.61 points.