Vietnam Insight

▶ On Wednesday's trading session, the market reversed and remained green in the afternoon session but the cash flow trend was still not clearly determined. The market was mixed among industry groups, with trading volume continuing to remain below the 20-day average.

▶ At the end of the trading session, VN-Index increased 4.68 points (+0.37%), reaching 1,261.24 points; HNX-Index decreased 0.51 points (-0.21%), reaching 239.68 points. Market volume reached VND 20.8 trillion, equivalent to about 878.4 million shares traded. Foreign investors were net sold of VND 596.7 billion, focusing mainly on FPT, FUEVFVND, MWG.

▶ Technical perspective: During the trading session, VN-Index repeatedly encountered challenges around the support threshold of 1,250, however the market was preserved and formed a withdrawal candle at the end of the session. The positive point in today's session is low volume, which shows that at least in the 1250 area, selling pressure has temporarily stopped exerting pressure. In a positive scenario, VN-Index needs to hold the important support mark of 1250 and trade with shallow volume to confirm the bottom before returning to the resistance area of 1300.

Strategy: Investors should observe and handle violating stocks. Besides, stocks that still maintain EMA 50 and have buying signals will be good choices for the next uptrend.