Summary
- Vietnam stock market dropped slightly, cautious sentiment continued to dominate. Fears of First Republic Bank pressuring global stocks led Investors to sell off stocks after the bank revealed that customer deposits dropped 40% in January to $104.5 billion.
- At the end of the session, the VN-Index lost 1.2 points (-0.1%), reaching 1039.6 points; HNX-Index corrected to the reference level of 0.0 points (+0.01%), reaching 205.9 points.
- Technical view: The money flow is diverging in the small and medium-cap groups, helping some stocks achieve better profitability than the general market, which is being held back by the decline of the large-cap group. However, due to the divergence, the opportunity will also be more selective. Technically, the index will struggle when approaching the resistance area of 1,050 points. Investors should limit excitement at technical retracements and need to observe more.
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