Market trends - Spreading red


- The stock market fell today. Most stocks traded in the red. The food-processing industry and securities industries were the two strongest selling sectors.

- At the end of the session, the VN-Index dropped 11.60 points (-1.10%), reaching 1,043.70 points; HNX-Index dropped 4.01 points (-1.92%), reaching 210.91 points.

- From a technical perspective: Selling pressure continued to dominate right at the beginning of the session, causing the market open to create a gap down. However, bottom-fishing demand re-entered at the end of the afternoon session, helping the market close narrow a part of the drop and created a hammer candlestick pattern. The bullish signal could be a technical retracement and it is necessary to observe more developments in the following sessions. The index lost its short-term uptrend when penetrated the threshold of 1,080 points. Therefore, current trading will have noise and investors need to consider carefully.


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