Vietnam Insight

▶ On Thursday's trading session, the market was still in a gloomy state with the red vibe spreading in most industry groups. Cautious sentiment keeps many investors on the sidelines. Market volunme continues to decline compared to the previous session, even falling below 40% of the 20-day average.

▶ At the end of the trading session, VN-Index decreased 2.15 points (-0.17%), reaching 1,259.09 points; HNX-Index increased 0.39 points (+0.16%), reaching 240.07 points. Market volune reached VND 15.2 trillion, equivalent to about 597 million shares traded. Foreign investors were net sold of VND 1,141.45 billion, focusing mainly on FUEVFVND, FPT, and CTG.

▶ Technical perspective: VN-Index accumulated tightly in a narrow range and absorbed at the 1250 area with low volume, this shows that selling force is somewhat reduced at the present time. However, the current level of recovery will lead to great differentiation as cash flow will continuously rotate between industry groups, paying attention today to the real estate group. 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 1300 resistance area.

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