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The correction of the market index was still occurring during the trading session today, however, the movements of the scores in the narrow band when one side remained a general decline of banking stocks, and one side is to support VN-index of a number of shares in the Bluechips group and the recovery efforts of the group VN30 in the afternoon session. Money flows have shifted, instead of focusing on the Bluechips group, real estate stocks continue to have a sharp increase in liquidity. SCR, DXG, HBC, and KBC, for example, showed high liquidity of more than VND 100 billion dong during the session. In addition, the market cash flow was looking for a number of basic stocks, which caused the price and volume of mutations, Including KSB, HAG, HNG, TCM, VCG, HSG, BHS. In the opposite direction, cash flow is leaving the banking group, the pharmaceutical group and some stocks with market factors. Although the VN-index were slightly corrected at the close due to selling pressure from banking stocks, overall liquidity improved and spread across the board, and the number of gainers in the day prevailed against the number of losers. In terms of the index, the VN-index closed at 766.30, down 1.11 points, down 0.14% from the previous session. On the HNX, the HNX-Index closed at 96.61, down 0.07 points, down 0.07% from the previous session.
Market outlook
Before the sell pressure from banks and most VN30 stocks today, the market maintained its downward trend throughout the trading session. However, cash flow has not shown signs of leaving the market; continue to find the single base stocks have good impact from the information. The VN-index was corrected but most of stocks gained during the session were dominant and market liquidity was more evenly distributed than focused on some bluechips in previous sessions. The VN-Index is facing the uptrend channel connected the peaks from earlier this year, resistance at 770 points, however, Market cash flow out of the Bank but creating short-term opportunities for the rest of the market.
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