Vietnam Insight

▶ On Thursday's trading session, the market continued to struggle in a narrow range. In the afternoon session, the market suddenly reversed and ended in green, with improved volume - approximately the 20-day average.

▶ At the end of the trading session, VN-Index increased 2.51 points (+0.20%), reaching 1,282.30 points; HNX-Index increased 0.40 points (+0.16%), reaching 243.97 points. Market volume reached VND 23.85 trillion, equivalent to about 932.5 million shares traded. Foreign investors were net sold of VND 991.18 billion, focusing mainly on FPT, VRE, and VHM.

▶ Technical perspective: VN-Index formed a withdrawal candle with a positive effect mainly concentrated in the VN30 group. However, the index still did not change much as demand was only willing to buy at low areas. The market is highly differentiated, with the appearance of stocks that have surpassed their peaks like FPT, DGC, VTP, etc. while the Midcap group is under pressure to take profits. Currently, the index is still moving around the MA20 indicator and the market needs to re-accumulate before moving towards the resistance of 1300.

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