Vietnam Insight

▶ On the Tuesday's trading session, the market continued to maintain the momentum when reinforced by large-cap stock groups, helping to spread upward vibe to many industry groups. However, market volume decreased slightly compared to that of yesterday and remained below the 20-session average.

▶ At the end of the trading session, VN-Index increased 7.05 points (+0.57%), reaching 1,248.63 points; HNX-Index increased 0.67 points (+0.29%), reaching 232.96 points. Market volume reached VND 18.4 trillion, equivalent to about 707.9 million shares traded. Foreign investors were net purchase of VND 119.66 billion, focusing mainly on HPG, MWG, and VNM.

▶ Technical perspective: VN-Index continued another increasing session with low volume remaining. The increase in today's session mainly came from the VN30 stock group, helping the market trade above the EMA 50. Technical indicators also show that the uptrend may be kept up in short term. However, VN-INDEX is approaching the psychological resistance zone of 1,250, so downward pressure will gradually appear. In the base scenario, the market is expected to fluctuate around the range of 1,230 - 1,280.

Strategy: Investors temporarily postpone the new Buy position as the market has continuously increased. Prioritize holding and take profits when reaching profit goal.