Summary
▶ On Wednesday's trading session, the market continued struggling around the reference point and being mixed among industry groups. Buyers and sellers are still observing and being cautious during the period of market fluctuation. Market volume improved but still below the 20-day average.
▶ At the end of the trading session, VN-Index increased 0.29 points (+0.02%), reaching 1,279.79 points; HNX-Index decreased 0.86 points (-0.35%), reaching 243.57 points. Market volume reached VND 25.97 trillion, equivalent to about 1,004.9 million shares traded. Foreign investors were net sold of VND 1,523.56 billion, focusing mainly on FPT, VNM, and VPB.
▶ Technical perspective: VN-Index formed a withdrawal candle but closed sideways compared to the previous session, showing that demand is only willing to buy at low prices. The main trend is still uptrend when the EMA lines are in upward order. However, in the short term, the market is likely to still move sideways to create a base. The support area of 1,260 - 1,280 has remained well maintained to support stock prices throughout the past time.
Strategy: Investors should observe and buy with good fundamental stocks that tend to increase from the base.
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