Vietnam Insight

▶ On Tuesday's trading session, the green vibe in the morning session quickly reversed and remained the downward trend until the end of the trading session. Market volume recorded at an average level of 20 sessions.

▶ At the end of the trading session, VN-Index decreased 6.26 points (-0.49%), reaching 1,284.41 points; HNX-Index increased 0.83 points (+0.34%), reaching 246.41 points. Market volume reached VND 25.4 trillion, equivalent to about 993.3 million shares traded. Foreign investors were net sold of VND 1,844.7 billion, focusing mainly on FPT, VHM, and HPG.

▶ Technical perspective: VN-Index showed increased selling pressure in the afternoon session towards large-cap stocks. The efforts of the securities tickers were not enough to help the market close in the green. The market trend is still mainly sideways, closely following the MA10 line with liquidity remaining stable. In the base scenario, the market will continue to accumulate around 1,250 - 1,280 and wait for a peak session, an explosion of liquidity along with the spread among industry groups to enter a new 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.