The VN-Index slipped on Wednesday after two-day rally, ending at 1,256.50 points, down 0.19 per cent from Tuesday’s close, on rising profit-taking pressure.
Liquidity improved significantly last week and has now exceeded the recent 20-week average. This marked the second week of the event, showing that investor interest is improving.
Shares ended the week on a negative note, putting a break on a four-day rally streak, as investors became timid when the VN-Index approached the resistance zone.
The market rose slightly last week, but cautious sentiment capped gains. In the short-term, the VN-Index is expected to escape the downtrend that has last since April, said experts.
The market traded two different ways on Friday with the VN-Index failing to cross the psychological level of 1,200 points, as rising selling pressure outweighed demand for riskier assets.
Indices witnessed mixed performance on Thursday, as the uptrend was cushioned by many large-cap stocks, however, lingering selling pressure capped gains.