Home PageThe analysisWeekly Wrap

Weekly Wrap

14/09/2020 - 08:41

Weekly — September 14The VNI fell by 1.4% WoW after a six-week period of outperformance vs. global and regional markets. We see this as an expected and healthy consolidation phase, as volumes strengthened and foreign posted a rare week of net buying. The market has remained above its 200-day moving average for three weeks. Breadth was strongly negative among the VN30 large caps (4 gainers vs 26 losers) but positive among the broader VNI constituents (218 gainers vs 137 decliners)