Vietnam Insight

▶ In Wednesday's session, liquidity decreased slightly and two main indexes increased, showing positive investor sentiment.

▶ At the end of the session, VN-Index increased 14.61 points, equivalent to 1.21%, reaching 1,226.1 points; HNX-Index increased 4.6 points (1.84%), reaching 254.82 points. Market liquidity reached VND 20.3 trillion, equivalent to about 878 million shares traded. Foreign investors net sell VND 225 billion, focusing mainly on HPG and MWG. 

▶ Technical perspective: The market rebounded as soon as it reached MA 50 support at 1,210 and closed at MA 10. The STOCH RSI indicator is showing signs of stopping its decline, implying that upward price momentum is returning. It will be more positive and clearer when this indicator crosses the signal line. The upcoming market will fluctuate in a narrower range with the current support level at 1,210 and resistance at 1,250. Expect the market to accumulate well enough to surpass 1,250 and head towards 1,300.