Vietnam Insight

▶ On Wednesday's trading session, the stock market had a reversal momentum but in contrast to yesterday's session. The volume continued to decrease compared to the previous session, reaching the lowest level since the end of Feb. 2024. The bottom-fishing demand signal is still unclear, proving that the market is still in a cautious position.

▶ At the end of the trading session, VN-Index decreased 4.26 points (-0.34%), reaching 1,258.56 points; HNX-Index decreased 1.58 points (-0.66%), reaching 238.79 points. Market liquidity reached 16.8 trillion VND, equivalent to about 702.3 million shares traded. Foreign investors were net sold VND 606.1 billion, focusing mainly on VHM, NVL, and MSN.

▶ Technical perspective: The market is struggling at the current stage. Volume continues to be lower than the 20-session average, showing caution of buying side. In general, VN-Index is still in the process of reestablishing the balance zone with the nearest support at 1250. In a positive scenario, VN-Index needs to accumulate cash flow to accelerate the trend. In a negative side, once breaking this support area, the probability of VN-Index forming a downtrend becomes more risky.

Strategy: Investors reduce stock proportion and handle stocks with technical violations. Maintain a state of observation and do not rush to open a position when the market is not clear.