Vietnam Insight

▶ On Tuesday's trading session, the stock market had a positive reversal session and closed with a widespread green vibe in most industry groups. However, the trading volume was still lower than the 20-session average; down by ~16% compared to the yesterday's trading session. This proves that the market was still cautious and tentative in today's correction session.

▶ At the end of the trading session, VN-Index increased 12.47 points (+1.0%), reaching 1,262.82 points; HNX-Index increased 2.28 points (+0.96%), reaching 240.36 points. Market volume reached VND 17.1 trillion, equivalent to about 717 million shares traded. Foreign investors net bought VND 268.7 billion, focusing mainly on MWG, SBT, and BID.

▶ Technical perspective: VN-Index traded sideways throughout the morning session. In the afternoon session, cash flow started to enter and helped the market bounce up. At the end of the session, VN-Index increased thanks to large cap stocks such as banks and securities. However, the buying cash flow is still cautious. MACD sloping down shows that the correction process continues.

Strategy: Investors should reduce the stock possession and dismiss stocks with technical violations. Maintain a state of observation and do not rush to open new position.