Vietnam Insight

▶ On the Tuesday's trading session, the red vibe continues spreading most industry groups. Despite the continuation drop of the market, the volume still remained below the 20-day average, proving that investor sentiment was affected after last week's shock decline. Bottom-fishing cash flow is still cautious, waiting for some other corrections of the market.

▶ At the end of the trading session, VN-Index decreased 12.82 points (-1.08%), reaching 1,177.40 points; HNX-Index decreased 2.67 points (-1.19%), reaching 222.63 points. Market volume reached nearly VND 17.5 trillion, equivalent to about 778.3 million shares traded. Foreign investors were net sold of VND 291.94 billion, focusing mainly on VHM, DIG, and MSN.

▶ Technical perspective: The market decreased for most of the trading session and closed at the MA 200 area. Liquidity was lower than the 20-session average, showing that selling pressure has somewhat eased. Currently, the downtrend has paused and the market shows signs of creating a base in the 1,150 - 1,180 area, corresponding to MA 200. Demand is tending to be cautious, making it difficult for the market to increase immediately. With a positive scenario, it is expected that the market will move sideways and accumulate in the MA 200 area, tight enough to gain momentum for the subsequent increase.

Strategy: Investors take advantage of the recovery period to handle stocks with technical violations, comply with discipline and prioritize capital protection.