VN-Index increased nearly 2 points after a "green exterior, red heart" session

VN-Index chart on March 12

However, strong selling pressure appeared soon after, especially from foreign investors, causing the index to cool down quickly. By mid-morning, the VN-Index had only increased by 2 points.

In the afternoon session, selling pressure increased, greatly affecting the banking group, causing the index to even fall below the reference point at 2:00 p.m. However, thanks to the strong rebound of some codes such as VIX, VND, GEG, SCR, VCG and the trio VCB, VHM, VIC, the VN-Index returned to green and closed up 1.87 points. 50% of the codes on HOSE closed down, creating a "green exterior, red heart" state for the market. Order matching liquidity on HOSE reached more than 20 trillion VND. Foreign investors net sold more than 933 billion VND on the 3 floors.

Explaining today's session, VCBS said that the VN-Index mainly increased due to strong cash flow locally concentrated in some large-cap stocks and the gradual emergence of profit-taking supply.

Commenting on the underlying market, stock experts said that Asian stocks moved in opposite directions amid growing uncertainty over US President Donald Trump’s trade policy, while South Korean stocks jumped 1.5% with the pull of large technology stocks. Domestically, the VN-Index gained points mainly thanks to VCB, VHM, VIC.

Technically, VN-Index increased slightly but closed the session with a red candle and large volume, showing that strong selling pressure appeared when the index approached the 1,245 point area. The "green on the outside, red on the inside" state also made the increase more loose.

Technical analysis, VCBS said that VN-Index cooled down its increase, closing up slightly by 1.87 points at 1,334.41 points, equivalent to 0.14%. In the 1H frame, the RSI and MACD indicators tend to form negative divergence, so there is a high probability that the general market will have many fluctuations during the session. However, the CMF index = 0.32, showing that active demand is still moving, waiting for opportunities at low prices.

On the daily chart, VN-Index closed with a red Doji candle with trading volume equal to that of previous sessions, showing the tug-of-war between buyers and sellers. The RSI indicator continued to move deeper into the overbought zone and ADX > 30 showed that the market momentum is still strong, maintaining an upward momentum in the short term.