Vietnam Insight

▶ On Monday's trading session, the market reversed and accelerated, maintaining the green vibe in the afternoon session. Bottom-fishing demand showed signs of entering but was still not significant. Market volume continued to be low, recording 41.3% lower than the 20-day average.

▶ At the end of the trading session, VN-Index increased 9.24 points (+0.74%), reaching 1,254.56 points; HNX-Index increased 0.97 points (+0.41%), reaching 238.56 points. Market volume reached VND 13.1 trillion, equivalent to about 487.2 million shares traded. Foreign investors were net sold of VND 791.15 billion, focusing mainly on FPT, FUEVFVND, and TCB.

▶ Technical perspective: After losing the 1250 threshold in the previous session, today's session, VN-Index has accumulated tightly in a narrow range and absorbed at the 1250 area with low volume, this shows that demand has rejoined the market. Noticeably, some banking stocks have recovered quite well, which was the leading group of the VN-Index in the previous period. 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.