Vietnam Insight

▶ On Thursday's trading session, the green vibe spread quite evenly in many industry groups in the morning session. However, investors still tend to increase profit taking, creating pressure causing the market to fall sharply to the reference level in the afternoon session. Market volume remains at an 20-session average level.

▶ At the end of the trading session, the VN-Index decreased slightly by 0.79 points (-0.06%), reaching 1,283.56 points; HNX-Index decreased 0.31 points (-0.13%), reaching 244.18 points. Market volume reached VND 22.2 trillion, equivalent to about 893.1 million shares traded. Foreign investors were net sold of VND 741.1 billion, focusing mainly on FPT, TCB, MWG.

▶ Technical perspective: VN-Index continued to pull up in the morning session, then selling pressure appeared at the end of the session. The market still struggled within the expected range and the candle pattern closed above the MA10 line. The market clearly shows differentiation and money flows to stocks with their own stories. The main trend of the market has not changed much. In a positive scenario, the market will continue to accumulate around 1,250 - 1,280 at low volume before entering the 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.