[Market News 16/12/2024] SIDEWAYS MOVEMENT CONTINUES TO BE THE DOMINANT TREND
![[Market News 16/12/2024] SIDEWAYS MOVEMENT CONTINUES TO BE THE DOMINANT TREND 1](/Content/Upload/images/(3)%20500x320_Zalo%20Cover%20OA%20_LIte(2).png)
Some notable information:
– Foreign investors net sold over 65 billion VND (including all 3 exchanges). Top net buying foreign-traded stocks include: ACV, HDB, CTG,… Top net selling foreign-traded stocks include: MCH, VCB, HPG,… There are still not many highlights in foreign investors’ net buying and selling transactions at this time. The net selling trend has not ended, although its scale has significantly decreased compared to a few months ago.
– In the short term, it can be said that the follow-through day on 6/12/2024 failed. However, recent declining sessions, although quite negative, have not yet seen a strong bearish candle completely erase the green candle of the follow-through day. With the current trading pattern, it seems we are repeating the model of late 2013, where the second half of the year is primarily a sideways trend.
– Regarding the cash flow trend, we see money flowing into small-cap stocks like DST, AGM, JVC… Most other stock groups tend to move sideways with slight increases or decreases.
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