[Market News 11/11/2024] THE MARKET IS STILL IN A SIDEWAYS TREND

Some notable information:

– Foreign investors net sold over 1,211 billion VND (including all 3 exchanges). Top foreign net buy matching orders included codes: HPG, FPT, SZC,… Top foreign net sell matching orders included codes: CMG, VHM, MWG,… Currently, the US stock market is trending upwards faster, and US government bond yields are also high, which could be the main reason for foreign capital leaving the Vietnamese stock market.

– The VN-Index is moving around the MA(200). The lower band has not yet opened to support a downward price, indicating that the possibility of sideways movement in this price range still exists. Overall, we don’t have much breakout momentum at the moment.

– There has been a positive change in the past week, with many stock codes hitting the ceiling and a continuous upward trend creating positive returns, such as HVN, VTP, VGI,… However, most stock codes still follow the T+2.5 model for profit, T+6 for breakeven, and T+15 for loss. Today’s real estate group is an example, as DXG, despite very positive trading in the past 2 weeks, could not break past the 17.2 resistance area and is starting to weaken with unexpected down sessions.

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Source: AAS RESEARCH