Market trends - Spreading Red


- The stock market fell today. Vietnam's stock market did not avoid a common decline with Asian stocks in the context of uncertainty and concern after the news of the collapse of Silicon Valley Bank (SVB) last weekend.

- At the end of the session, the VN-Index dropped 12.67 points (-1.20%), reaching 1,040.13 points; HNX-Index dropped 3.03 points (-1.60%), reaching 202.55 points.

- From a technical perspective: Investor sentiment is still cautious before the news that Silicon Valley Bank (SVB) collapsed last weekend. This is shown by the market breadth skewed to the sell side in the context of the lack of a leading group making it difficult for the market to recover. After today's drop, technical indicators fell back to the neutral zone and have not given clear signals. The index also returned to test short-term support around 1,040 points. In general, trading struggled will dominate the coming sessions and the market will be challenged to find direction.


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