Vietnam Insight

▶ During Thursday's trading session, the market had a strong increase in the morning session but the increase slowed down in the afternoon as investors took profits. However, liquidity reached billions of dollars.

▶ At the end, VN-Index increased 6.55 points, equivalent to 0.57%, reaching 1,150.72 points; HNX-Index increased 0.92 points (+0.40%), reaching 232.56 points. Market liquidity reached 25.3 trillion VND, equivalent to about 1,181 million shares traded. Foreign investors continued to net sell 20.2 billion VND, focusing mainly on STB and VHM.

▶ Technical perspective: After overcoming the resistance zone of 1,130, VNINDEX still maintained good upward momentum with the strong leadership of the banking group. Notably, the record increase in liquidity shows that market sentiment has improved significantly. However, profit-taking pressure occurred after 2p.m, causing the market to drop more than 10 points from the peak of 1,160 and close at 1,150. In general, the market has changed its wave structure to an uptrend in the medium term when VNINDEX officially surpassed EMA 200. The corresponding support zone for this period is 1,130 so investors can disbursement when the market tends to adjust to this area and bounce back.