Vietnam Insight

▶ On Thursday's trading session, the market lost its excitement compared to previous sessions when under pressure from sellers. The market was mixed among industry groups, with market volume remaining at a low level.

▶ At the end of the trading session, VN-Index increased 3.04 points (+0.24%), reaching 1,279.89 points; HNX-Index increased 0.45 points (+0.19%), reaching 241.88 points. Market volume reached VND 14.01 trillion, equivalent to about 523.5 million shares traded. Foreign investors were net sold of VND 577.63 billion, focusing mainly on VHM, VRE, and VCB.

▶ Technical perspective: VN-Index was in sideways most of the trading time, with volume remaining at a low level. The narrow fluctuation range and the appearance of a Doji candle show that the buyers and sellers are in balance and show a cautious mentality. VN-Index ended the trading session above all 3 EMA lines 20, 50 and 200. If volume maintains a low level (selling force does not increase strongly) and successfully accumulates around the EMA50 line, investor psychology will improve and help the market grow in the coming period.

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.