Market trends - The Light
12/10/2022

Summary

- The stock market gained well today, most of the industry groups rebounded and hit the ceiling price.

- At the end of the session, the VN-Index gained 28.61 points (+2.84%), reaching 1,034.8 points; HNX-Index also increased by 4.65 points (+2.13%), reaching 223.4 points.

From the technical perspective, the pessimism seems to have reached the extreme level and is easy to boost short-term bottom-fishing demand. With a sharper decline than other markets, it is easy to promote a rally for Vietnamese stocks, however, it should be noted that today's order matching is still low, showing that the recovery trend is in favor of "supply is exhausted" and has not yet reflected strong money flow. More signals will be needed in the next sessions for confirmation.

Category
Daily
Author
Le Tran Khang
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