Vietstock Daily April 26, 2024: Caution prevails

VN-Index decreased slightly and formed a High Wave Candle candlestick pattern. Besides, trading volume has decreased significantly and remained below the 20-day average in recent sessions, showing that investor sentiment is quite cautious.

I. BASELINE STOCK MARKET ANALYSIS ON APRIL 25, 2024

– Major indexes decreased on April 25, 2024. End of session, VN-Index decreased 0.05%, to 1,204.97 points; HNX-Index decreased 0.13%, to 227.57 points.

– Matching volume on HOSE reached more than 489 million units, down 29.26% compared to the previous trading session. Matching volume on HNX increased by 31.58% compared to the previous session, reaching more than 55 million units.

– Foreign investors are net sellers on the exchange HOSE with a value of more than 463 billion VND and net buying on the floor HNX with a value of nearly 89 billion VND.

Foreign investors’ transaction value HOSE, HNX and UPCOM by day. Unit: Billion VND

– VN-Index At the beginning of trading, the market continuously struggled around the reference mark, then selling pressure prevailed, causing the index to sink into the red at the end of the morning session. Entering the afternoon session, the index recorded efforts to rise in a short period of time but turned down. Near the end of the session, the index changed more optimistically as the downward momentum gradually narrowed. End of session, VN-Index decreased by 0.64 points, equivalent to 0.05%.

– Regarding the level of influence, FPT, MWG and VCB are the codes with the most positive influence VN-Index with a contribution level of more than 2 points increasing. On the contrary, TCB, BID and MBB are the codes with the most negative impact on the index.

– VN30-Index ended the session with an increase of 1.55 points, to 1,233.72 points. In particular, the sellers prevailed with 11 codes increasing, 16 codes decreasing and 3 codes remaining unchanged. Share TCB and MBB are the two codes with the most negative declines with a decrease of 1.8% and 1.3% respectively. Opposite, MWG The stock code recorded the most positive performance with an increase of 2.9%.

At the end of the trading session on April 25, 2024, the index decreased slightly in the context of market liquidity continuing to decline. This shows that investors are still cautious when cash flow is very bleak. However, the cash flow in today’s session poured in most actively in the information technology, retail and food and beverage groups.

Specifically, the information technology group continued to record positively compared to the previous session when leading the contribution to the index’s increase in today’s session (April 25). Share FPT continued to surge with an increase of 2.58%. On the contrary, stocks such as CTR and CMG, after being in the green from the beginning of the session, returned to decline with a decrease of 1.61% and 1.55%, respectively.

Next is the retail group with positive increases in the two leading stocks in the industry: MWG and FRT when reaching an increase of 2.87% and 1.32%, respectively. In contrast, PNJ is slightly red with 0.11%.

VN-Index slightly decreased while forming a High Wave Candle candlestick pattern. Besides, trading volume has decreased significantly and remained below the 20-day average in recent sessions, showing that investor sentiment is quite cautious.

II. ANALYSIS OF TRENDS AND PRICE Oscillations

VN-Index – High Wave Candle candlestick pattern appears

Currently, the Stochastic Oscillator indicator has shown a buy signal back in the oversold area, showing that the situation is less pessimistic.

HNX-Index – The MACD indicator still shows a sell signal

HNX-Index A slight decrease and alternating increasing and decreasing sessions in recent times show that investor psychology is unstable. In addition, trading volume has not shown signs of improvement as it remains at a low level, showing that cash flow is withdrawing from the market.

The MACD indicator is still pointing down after giving a sell signal, so the possibility of short-term shaking will continue.

Cash Flow Analysis

Volatility of smart money flow: Negative Volume Index’s indicator VN-Index has cut down below the road EMA 20 day. If this situation continues in the next session, the risk of a sudden decline (thrust down) will increase.

Fluctuations of cash flow from foreign investors: Foreign investors continued to be net sellers in the trading session on April 25, 2024. If foreign investors maintain this action in the coming sessions, the situation will be more pessimistic.

III. MARKET STATISTICS ON APRIL 25, 2024