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| VN-Index chart |
At the end of the session, cash flow continued to flow strongly into the real estate group (including industrial parks). Trading liquidity decreased slightly compared to the morning session on March 7 with 234 green codes. The general index surpassed the new score threshold of over 1,330 points.
In the afternoon session, VN-Index cooled down a bit when it fluctuated close to the reference, filling the gap created from the beginning of the morning session with high profit-taking pressure, especially in the banking and securities groups. VCB (+1.8%), VIC (4.4%) and BCM (+7%) played a role in maintaining the overall score. Trading liquidity continued to be high at over 22 trillion VND. Foreign investors reversed to net sell 564.92 billion VND, focusing on selling FPT and SSI. At the end of the session, VN-Index closed at 1,330.28 points, up 4.23 points, equivalent to 0.32%.
Technical analysis, VCBS said, VN-Index continued to increase by 4.23 points with large contributions from stocks VCB, VIC and BCM, closing at 1,330.28 points.
On the hourly chart, the RSI indicator turned around slightly after entering the overbought zone and the DMI tended to narrow, creating a crossover point. The CMF indicator = 0.04 shows that active demand is still maintained in the market but has cooled down somewhat.
On the daily chart, VN-Index closed with a red doji candlestick above 1,330 points with high trading volume. The MACD and ADX indicators are still pointing up, indicating that the momentum of the uptrend is still strong. The general index may fluctuate above the high index zone when profit-taking forces appear during the session.
VCBS believes that with the index's exciting growth momentum at high points and the main driving force in large-cap stocks, the market tends to enter a zone of great volatility with fluctuations during the session.
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