The market has gone through three sessions of decline and is approaching the support zone of 1,100 points, retesting the Gain Gap zone of 1,102 - 1,108 points. It is expected that this area will temporarily help the market slow down the decline and have a recovery response to recheck supply. However, recent reversal signals pose short-term risks, and the range of 1,110 - 1,115 points is now acting as a resistance area. Furthermore, favourable interest rate policies are playing a significant role in supporting stock market valuations in 2024. With these promising factors in mind, the Vietnamese stock market stands at a pivotal moment, poised to transition into an emerging market.

Source: Viet Nam News December 18, 2023 04:31 UTC