VN-Index continues to move sideways during the trading session

The positive developments of SHB, VCB and the VIC trio played a major role in the index increasing by 7 points in the middle of the morning session. However, these factors only helped the index to hold until the middle of the afternoon session, before the strong selling pressure on FPT and midcap and penny groups caused more than half of the market to sink into red. FPT, VTP, CTR, DBC, HVN, PNJ, VSC, GMD all decreased by 2-4%, pulling the VN-Index below the reference.

In the final minutes of the session, buying power improved in the large-cap group and the real estate group, keeping the index down only 0.12 points at the close. Liquidity on HOSE reached over VND23 trillion. Foreign investors net sold over VND372 billion on all three exchanges.

Asian stocks rose, with China's market soaring to its highest in more than two months after the central bank pledged to cut interest rates, experts said.

Technically, VN-Index decreased slightly and closed with a doji candlestick showing a tug-of-war around the 1,326 point mark. The scenario of fluctuating above MA10 at 1,320 points is expected to continue in the first session of next week.

Source: https://thoibaonganhang.vn/mot-nua-nhom-vn30-giu-cho-vn-index-chi-giam-012-diem-161412.html