Vietnam Insight

▶ In today's Monday trading session, the red vibe continued to spread over the market as pressured from the acceleration of the selling side. Most industry groups declined with low trading volume.

▶ At the end of the trading session, VN-Index decreased 4.76 points (-0.38%), reaching 1,250.35 points; HNX-Index decreased 1.60 points (-0.67%), reaching 238.08 points. Market liquidity reached 20.4 trillion VND, equivalent to about 876 million shares traded. Foreign investors net sold 154.4 billion VND, focusing mainly on VHM, VRE, and FUESSVFL.

▶ Technical perspective: VN-Index struggled with selling pressure dominating, continuously drowning the market index and closing the session in red. Volume also fell below the 20-session average, showing the caution of cash flow on the buying side. Some banking stocks technically recovered but not enough to ease the market's decline. MACD sloping down shows that the correction process is still ongoing. Overall, the picture is still unclear and the market needs time to find balance. The nearest support for the trend is the psychological threshold of 1,240 - 1,250 points.