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Market Beat on Feb 21st: VN-Index Sees Strong Tug-of-War at the Almighty 1,300 Resistance
The market closed with the VN-Index up 3.77 points (+0.29%) to 1,296.75, while the HNX-Index fell 0.45 points (-0.19%) to 237.57. The market breadth tilted towards decliners, with 423 stocks falling versus 359 advancing stocks. The sell-off was more pronounced in the VN30 basket, with 18 gainers, 11 losers, and 1 stock referenced.
The Stock Market Week of February 17-21, 2025: Navigating Intensifying Foreign Investor Pressure
The VN-Index sustained a positive upward trajectory this week, with trading volumes above the 20-day average, indicating brisk investor activity. However, foreign investors continued their selling spree, maintaining a net selling position. If this trend persists, it could significantly impact the market as the VN-Index approaches the crucial resistance level of 1,300 points.
The Market Tug-of-War: Will the Stalemate Finally End?
The VN-Index rose while maintaining a tug-of-war stance following recent alternating sessions of gains and losses. Moreover, with trading volume remaining below the 20-day average, it indicates that investor caution is still prevalent. The Stochastic Oscillator indicator is also signaling a sell-off within the overbought territory, with a potential exit from this zone in the coming period. Should this occur, the risk of short-term corrections persists.
