Vietnam Insight

▶ On Thursday's trading session, the market recovered slightly, but liquidity returned to its lowest level in 17 months. Most stocks traded within a narrow range and there was very limited cash flow.

▶ At the end of the trading session, the VN-Index increased by 3.08 points (+0.25%), reaching 1,256.35 points; the HNX-Index increased by 0.45 points (+0.19%), reaching 231.90 points. Market volume reached VND 10.4 trillion, equivalent to about 431.8 million shares traded. Foreign investors were net sell of VND 187.2 billion, focusing on VPB, VCI, HDB.

▶ Technical perspective: The VN-Index is trading within a narrow range with low liquidity, and selling pressure is relatively weak as the index hovers around the 1,240-1,250 point mark. In the near future, if the VN-Index doesn't encounter strong selling pressure around this level and successfully maintains the 1,240-1,250 support zone while starting to rebound with improved liquidity, this can be considered a healthy consolidation phase before further upside. Conversely, if the VN-Index breaks below 1,250 points with a wide range and increasing selling pressure, the index is likely to move towards the 1,200-1,220 point zone