Vietnam Insight

▶ On Wednesday's trading session, the market continued the exciting momentum of previous sessions when green vibe spread in most industry groups. Market volume continued to improve slightly like the previous session, still recorded at a level lower than the 20-day average.

▶ At the end of the trading session, VN-Index increased 7.06 points (+0.56%), reaching 1,276.85 points; HNX-Index increased 0.63 points (+0.26%), reaching 241.43 points. Market volume reached VND 15.58 trillion, equivalent to about 589.5 million shares traded. Foreign investors were net sold of VND 536.48 billion, focusing mainly on VRE, VHM, MWG.

▶ Technical perspective: VN-Index increased more than 7 points with volume remaining at a low level. The volume was below average and the narrow fluctuation range shows that the selling force was not much and the buying force was waiting for clearer signals from the market. VN-Index ended the trading session above all 3 EMA lines 20, 50 and 200. If the market continues to increase with liquidity around the low average level and maintains EMA50 in corrections, investor psychology will improve and help the market return to the uptrend.

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.