Vietnam Insight

▶ On the Thursday's trading session, the market continuously fluctuated and was mixed among industry groups. Market volume decreased and returned to below the 20-session average.

▶ At the end of the trading session, VN-Index decreased 1.82 points (-0.15%), reaching 1,248.64 points; HNX-Index increased 0.07 points (+0.03%), reaching 234.58 points. Market volume reached VND 20 trillion, equivalent to about 771.6 million shares traded. Foreign investors were net sold of VND 1,706.06 billion, focusing mainly on VHM, DGC, and TCB.

▶ Technical perspective: In today's session, the market continued to fluctuate in a narrow range with a struggle in supply and demand. Matching orders were lower than the 20-session average, showing that the selling force was not large. Although there are no signs of risk reversal, the recovery trend from the bottom is showing signs of slowing down. We expect the market will need more time to accumulate in a narrow range around 1,230 - 1,280 before returning to the uptrend.

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