Tag: folk belief

The VN-Index posted gains in 4 out of 5 trading sessions last week, indicating a strong recovery. However, trading volume remained below the 20-day average, reflecting a persistent cautious sentiment among investors. Moreover, net foreign selling in recent times has also been a less-than-favorable factor for the index.

The market ended the session on a positive note, with the VN-Index climbing 0.54% to 1,249.11 and the HNX-Index gaining 0.74% to close at 222.48. The market breadth tilted in favor of the bulls, with 464 advancing stocks against 242 declining ones. The large-cap VN30 basket painted a similar picture, as 20 stocks added value, seven dragged, and three remained unchanged, ending the day in the green.

The VN-Index witnessed a robust increase, staying above the 200-day SMA, with trading volume indicating a recovery. This reflects an improvement in investor sentiment, suggesting a shift towards optimism. However, continued foreign selling may dampen the index's growth prospects in the near future.