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The Market Tug-of-War: Can the Bulls Break Free?

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The VN-Index retreated, continuing its volatile movement as it retested the old peak of December 2024 (1,270-1,285 points). This threshold has proven to be a significant resistance level, as the index has repeatedly tested this zone recently. Presently, the Stochastic Oscillator is venturing deep into overbought territory. Should a sell signal emerge and the index falls out of this zone, the risk of a correction heightens in upcoming sessions.

Market Beat: A Tale of Contrasting Headlines and Cautious Sentiment

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The market closed with the VN-Index down 1.54 points (-0.12%) to 1,266.91, while the HNX-Index climbed 0.45 points (+0.2%) to 229.32. The market breadth tilted towards gainers with 349 advancing stocks against 375 declining ones. The large-cap basket, VN30-Index, witnessed a similar performance with 14 losers, 11 gainers, and 5 stocks closing flat, indicating a relatively balanced session.

The Market Beat on Valentine’s Day: Finance Sector Falters but VN-Index Stays in the...

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The market ended the session on a positive note, with the VN-Index climbing 5.73 points (+0.45%) to reach 1,276.08, while the HNX-Index rose 1.7 points (+0.74%) to close at 231.22. The market breadth tilted in favor of gainers, with 473 advancing stocks against 300 decliners. The large-cap sector painted a bullish picture, as evidenced by the VN30 basket, which witnessed 16 gainers, 8 losers, and 6 stocks ending unchanged, favoring the bulls.