Tag: stock market upgrade

The banking sector continues to be the 'backbone' of the stock market, with robust performance and positive results.

The VN-Index and HNX-Index rose in tandem, with the emergence of a Doji candlestick pattern indicating investor indecision in the market. This cautious sentiment is reflected in the hesitancy of buyers and sellers, resulting in a stalemate that led to the formation of the Doji. As the markets hover at these levels, investors are carefully weighing their options, considering the potential risks and rewards of their next move.

The market closed with slight losses, as the VN-Index dipped by 0.23 points (-0.02%) to finish at 1,228.10, while the HNX-Index shed 0.47 points (-0.21%), closing at 221.29. The market breadth tilted towards decliners, with 371 tickers in the red versus 341 in the green. Meanwhile, the large-cap VN30 index displayed a more balanced performance, with 11 tickers losing ground against 13 advancing stocks and 6 remaining unchanged.