Vietnam Insight

▶ On the Wednesday's trading session, the market was up and down due to the dominating pressure from the selling side. The buying side quickly returned in the afternoon session to gradually balance the opposite side, helping the market maintain the green vibe at the end of the session. Market volume improved significantly, exceeding the 20-session average after its 9 consecutive sessions below.

▶ At the end of the trading session, VN-Index increased 1.83 points (+0.15%), reaching 1,250.46 points; HNX-Index increased 1.56 points (+0.67%), reaching 234.52 points. Market volume reached VND 23.3 trillion, equivalent to about 981.8 million shares traded. Foreign investors were back to net sell of VND 1,279.5 billion, focusing mainly on VHM, TCB, and VRE.

▶ Technical perspective: VN-Index decreased in the morning session but increased in the afternoon session. This tense situation shows that the market's upward momentum will slow down, as many adjustment sessions are needed. However, the positive point was the volume has improved significantly, showing that individual investors are ready to return to the market. In general, the recent recovery has helped the market regain its upward trend in the medium term. Expect the market to trade in a narrow range of 1,230 - 1,280 in the near future.

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