Vietnam Insight

▶ In Thursday's trading session, liquidity increased, two main indexes increased, showing positive sentiment of investors.

▶ At the end of the trading session, VN-Index increased 35.81 points, equivalent to 3.44%, reaching 1,075.47 points; HNX-Index increased 8.32 points (3.97%), reaching 217.97 points. Market liquidity reached VND 14.6 trillion, equivalent to about 772 million shares traded. Foreign investors net sell VND 147.5 billion, focusing mainly on MWG and VHM.

▶ Technical perspective: VNINDEX has a fairly strong growth rate with increased liquidity. Technical indicators have also improved. Previously, we also mentioned the hard support zone of the market at 1020-1080 corresponding to the trading range in early 2023. At the present, VNINDEX will begin to return to the rising wave when surpassing completely support area above 1020-1080 and MA 200 area. Especially MA 200, the market will often show the opposite decrease signal when meeting MA 200. Therefore, the formation of a second bottom is still possible and the market needs more accumulation.