With strong selling pressure, VN-Index reversed after 8 consecutive gaining sessions

With strong selling pressure, VN-Index reversed after 8 consecutive gaining sessions

After the correction session in the morning, the market resumed its uptrend despite foreign investors’ return to net selling. The market still fluctuates at the peak and still can hold the threshold of 1,230 points, the uptrend is still going, but in order to surpass the current resistance, the market needs more support information or consensus from large groups of stocks.

According to BSC, the foreign investors net sold again along with the money flow divided into Midcap stocks, reflecting that the upturn momentum of the VN-Index may slow down and accumulate in the area of ​​1,230-1,250 points.

MBS believes that a shaking rhythm in the resistance zone can continue in the coming sessions.

Some notable international information.

Closing the session on April 7, the Dow Jones, S&P 500 gained while the Nasdaq decreased. Dow Jones increased 16.02 points, or 0.05%, to 33,446.26 points.

The S&P 500 rose 6.01 points, or 0.15%, to 4,079.95 points, surpassing the historic peak of 4,077.91 points set on April 5.

The Nasdaq fell 9.54 points, or 0.07%, to 13,688.84 points.

Stock markets in Asia – Pacific were mixed in session 7/4. The MSCI Asia-Pacific Index excluding Japan decreased by 0.22%. In Japan, Nikkei 225 increased by 0.12% while Topix increased by 0.67%. Chinese market went down with Shanghai Composite down 0.1%, Shenzhen Component down 0.74%. Hong Kong’s Hang Seng fell 1.09%. South Korea’s Kospi increased by 0.33%. Australia’s ASX 200 rose 0.61%, with most sectors going up.

Closing session 7/4, Brent oil futures rose 42 cents, or 0.7%, to $ 63.16 / barrel.

WTI oil futures price rose 10 cents, or 0.2%, to $ 59.43 / barrel.

Source: ndh.vn – Translated by fintel.vn

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