Vietnam Insight

▶ On the Monday's trading session, the market had a positive uptrend and prospered when the green color spread in most industry groups. Market volume improved but still remained below the 20-session average.

▶ At the end of the trading session, VN-Index increased 20.55 points (+1.68%), reaching 1,241.58 points; HNX-Index increased 4.07 points (+1.78%), reaching 232.29 points. Market volume reached VND 20.9 trillion, equivalent to about 864.6 million shares traded. Foreign investors were net bought of VND 242.1 billion, focusing mainly on MWG, VIX, and GVR.

▶ Technical perspective: VN-Index closed with a strong increase in points and closed above EMA50. The market has spread among industry groups, but liquidity is still lower than the 20-session average. Overall, the trend is still bullish in the long term. The MACD line crosses the signal line, showing that VN-Index has escaped the downtrend. In a positive scenario, VN-Index will accumulate and move up to form a new uptrend. Investors should note that there may be shaking when the market approaches the 1250 - 1260 range.

Strategy: Investors will participate in disbursement again when the market accumulates tightly in the near future with a ratio of 30% stocks/70% cash.