Vietnam Insight

▶ On Wednesday's trading session, the market was bustling as the green covered most of the Large cap stocks thanks to positive business results. Market volume also improved, recording above the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 6.45 points (+0.52%), reaching 1,251.51 points; the HNX-Index decreased by 0.51 points (-0.22%), reaching 235.36 points. Market volume reached VND 17.57 trillion, equivalent to about 748.8 million shares traded. Foreign investors net sold VND 674.01 billion, mainly concentrated in VIC, TCB, HVN.

▶ Technical perspective: VN-Index slowly increased but encountered fluctuations when approaching EMA20 and EMA50. Selling pressure appeared in this area, causing the index to increase slightly by only 6 points in the session. Recent trading sessions of the index had small fluctuations and low to medium liquidity, which showed the market's hesitant sentiment. In the short term, VN-Index is still in an accumulation state within the range of 1,220-1,260 points. Buyers are still waiting for a clearer signal to enter the market in the near future.

Strategy: Investors continue to observe the market's developments at the support zone of 1,220-1,230 points, and can consider disbursing with a low proportion. If the VN-Index increases above the EMA50 with volume around the average level (not strong selling pressure), this will be a positive signal for investors to disburse more.