Vietnam Insight

▶ On Tuesday's trading session, the market cooled down after a prior explosive session. Demand decreased clearly when volume was only around to the 20-day average, demonstrating the cautious psychology of investors as the market moved towards the old peak.

▶ At the end of the trading session, VN-Index increased 3.52 points (+0.28%), reaching 1,283.52 points; HNX-Index decreased 0.40 points (-0.16%), reaching 244.32 points. Market volume reached VND 23.74 trillion, equivalent to about 935.8 million shares traded. Foreign investors were net sold of VND 134.39 billion, focusing mainly on MWG, VND, and VHM.

▶ Technical perspective: VN-Index cooled down at the end of the afternoon session, however the market still remained green with low liquidity, showing that selling pressure was not great. In today's session, the market appeared highly differentiated, the effort to increase points mainly came from the VN30 stock group. Technical indicators are still showing good signals in the sideway area. The MA10 and MA20 lines continue to slope up and harmonize with the MACD trend. In a positive scenario, the market will continue to accumulate around 1,260 - 1,280 with low volume before entering another subsequent rising wave.

Strategy: Investors should buy at support areas corresponding to the 1,250 area of the market if the market accumulates successfully. Consider lowering your weighting if VN-Index breaks support at 1,240-1,250 points.