The Most Notable Stocks of the Day: A Pre-Market Rundown

The market’s initial response to the psychological support level of 1200 points was positive last week. However, liquidity concerns have experts uncertain about a significant bottom formation around this level.

The VN-Index continued its upward trajectory, surging above the Middle Band of the Bollinger Bands. If, in the upcoming sessions, the index sustains its position above this threshold, coupled with trading volumes surpassing the 20-day average, the upward momentum will be reinforced. Moreover, the MACD indicator has flashed a buy signal, crossing above the signal line, boding well for the short-term outlook.

The VN-Index witnessed a slight dip with a tug-of-war session, coupled with below-average trading volume. This cautious investor sentiment persists, as reflected by the MACD indicator, which has given a buy signal after crossing above the signal line. In tandem, the Stochastic Oscillator echoes a similar message. Should this momentum be sustained in the upcoming sessions, the outlook may not be as pessimistic as it seems.

The market closed with the VN-Index down 9.59 points (-0.76%) to 1,254.89, while the HNX-Index fell 0.95 points (-0.42%) to 225.41. The market breadth tilted towards decliners with 480 stocks decreasing and 251 advancing. The VN30-Index basket witnessed a similar trend, with 25 losers, 3 gainers, and 2 stocks referenced.

The persistent upward trend is causing a slight discomfort for investors who are holding cash and have not yet bought into the market. Many are waiting for a pullback to present a better buying opportunity, with the VNI index’s level around 1240 being keenly watched.