6PM Call: Derivatives maturity date
- Cash flow is not spreading as midcaps and pennies still underperformed.
- It’s likely that market will need more time to evaluate the signal of an attempt to restrain the decline in the previous 2 sessions. The 1.240 -1,250 resistance level might still put pressure on the rally.
With a strong reversal from the psychological level of 1,200 points, market continued to expand its uptrend when opening a new day with an increase of more than 10 points. Positive sentiment remained throughout the session, helping VN-Index gradually raise the height. However, unexpectedly large selling pressure appeared at the end of the session, causing the gaining momentum to narrow. VN-Index gained 22.7 points (+1.87%) and closed at 1,236.63 points. Liquidity decreased compared to the previous session with 561.7 million shares matched on HOSE.
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