Vietnam Insight

▶ On Tuesday's trading session, the market was mixed among industry groups and struggled around the reference point. However, market volume was still gloomy and decreased sharply compared to the previous session, recording below the 20-day average.

▶ At the end of the trading session, VN-Index increased 4.73 points (+0.37%), reaching 1,279.50 points; HNX-Index increased 1.27 points (+0.52%), reaching 244.43 points. Market volume reached VND 22.5 trillion, equivalent to about 805.3 million shares traded. Foreign investors were net sold of VND 655.68 billion, focusing mainly on FPT, VPB, and DGC.

▶ Technical perspective: VN-Index traded in a narrow range, having observing stage from both buying and selling sides cautiously. The market was under selling pressure in the afternoon session, resulting in the index not improving much. The medium and long-term trend is still up, but the short-term market tends to move sideways and accumulate and build a foundation at the 1,280 area. Support and resistance 1,260 – 1,300.

Strategy: Investors should observe and buy with good fundamental stocks that tend to increase from the base.