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The Vietnam Daily October 25, 2024

Title The Vietnam Daily October 25, 2024
Category: News daily
Source: Bao Viet Securities
Industry:
Business:
Detail:
25/10/2024
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pdf
English
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Summary:

During the week, VN-Index lost 32.74 points (-2.55%), to end at 1,252.72 points, with 99 gainers and 267 decliners. The average trading value for the week reached VND 15,451 billion, down 2.59% from the previous week. Foreign investors net sold VND 1,044 billion during the week.

VN-Index's failure to surpass the MA50 line caused supply pressure to intensify, pushing the index below the support zone of 1,260-1,265 points. Amid concerns about exchange rate pressure due to the recent strong rise in the DXY index, the market is likely to continue to face downward pressure towards the support zone around the MA200 line, corresponding to the 1,240-1,250-point area.

Support zone: 1,240 - 1,250 points.

Resistance zone: 1,270 - 1,280 points.

………………………………………………………………

Please find the attached file below,


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bvsc-the-vietnam-daily-october-25.pdf
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