- VN-Index: The potential for recovery continues to strengthen.
- HNX-Index: Narrow fluctuations with strong support level.
- Cash flow and foreign investment: Conflicting signals
- Conclude
The stock market on April 17th recorded a positive recovery after strong fluctuations at the beginning of the session. The VN-Index closed at its highest point of the day – 1,217.25 points, up 0.57%, thanks to the pull of blue-chip stocks, especially VIC. However, liquidity continued to decline and strong net selling by foreign investors indicated that investor sentiment remained cautious.
VN-Index: The potential for recovery continues to strengthen.
The VN-Index rebounded after briefly falling below 1,200 points in the morning session. The strong recovery towards the end of the session helped the index close above technical support levels, reinforcing expectations of a sustained uptrend in the short term.
Nevertheless, trading volume remains below the average of the last 20 sessions, reflecting cautious investor sentiment. From a technical perspective, the MACD indicator is narrowing the gap with the Signal Line, opening up the possibility of a buy signal in the coming sessions. If this signal is confirmed, the short-term trend of the VN-Index will become more optimistic.
HNX-Index: Narrow fluctuations with strong support level.
The HNX-Index edged up slightly by 0.08% to 209.58 points, with liquidity remaining below average. Currently, the October 2023 low around 204-208 points is acting as important support, helping the index maintain its price level.
In terms of technical indicators, the Stochastic Oscillator has moved out of the oversold zone and issued an early buy signal. If the MACD also confirms a positive signal in the next few sessions, the downward pressure will significantly decrease, creating conditions for the HNX-Index to form a more stable new price level.
Cash flow and foreign investment: Conflicting signals
Smart money flow, as indicated by the Negative Volume Index (NVI) of the VN-Index, remains above the EMA 20 line, suggesting a low risk of a sudden downturn. This is a positive sign, even though the market has not yet seen a breakthrough in liquidity.
Conversely, foreign investors continued to heavily net sell, especially on the HOSE exchange, with a value exceeding 4,500 billion VND – largely driven by VIC transactions. If this net selling trend continues, market sentiment will struggle to maintain a sustainable positive state in the short term.
Conclude
The upward trend of the VN-Index and HNX-Index is gradually re-establishing after a period of strong fluctuations. However, low liquidity and pressure from foreign investors are factors that need to be closely monitored. Investors should prioritize a selective stock strategy, taking advantage of corrections to increase their holdings while maintaining caution in a market that is not yet fully stable.
Source: https://baonghean.vn/xu-huong-vn-index-hnx-index-ngay-18-4-tin-hieu-phuc-hoi-ro-net-10295354.html
Comment (0)