Market went sideway between the support and resistance levels
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Momentum after the spectacular reversal yesterday had not been maintained. VN-Index was relatively quiet as it only fluctuated in a narrow range. Liquidity backed to low level; trading turnover on the HSX was only VND1,780 billion (-28%). Although performance of VN30 was not too bad, all leading tickers such as GAS, BVH, VCB declined. Consequently, VN-Index moved sideways in most of the afternoon trading hours and closed at 682.45 points (+0.01%). HNX-Index was slightly eventful, rising 0.41% to 84.89 points. Automobiles & Parts (+3.3%) and Construction and Materials (+1.6%) sectors outperformed the market today. On the other hand, the rally of steel stocks lasted merely one day. Today, HPG, HSG, NKG continued to be sold strongly; price of HPG dropped 1,100 dong, while that of HSG and NKG fell 650 and 900 dong, respectively.
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