Vietnam Insight

▶ On Monday's trading session, the market declined and liquidity remained low. Investors continued to await the Fed meeting and derivatives expiration before making investment decisions.

▶ At the end of the trading session, the VN-Index decreased by 12.45 points (-0.99%), reaching 1,239.26 points; the HNX-Index decreased by 1.58 points (-0.68%), reaching 230.04 points. Market volume reached VND 13.4 trillion, equivalent to about 607.8 million shares traded. Foreign investors were net buy of VND 218 billion, focusing on TCB, NAB, FPT.

▶ Technical perspective: VN-Index declines with a wider range, while liquidity remains low. Foreign investors have returned to net buying after a continuous selling streak. However, weak inflows into the market continue to put downward pressure on the VN-Index. VN-Index is likely to continue its short-term downtrend in the upcoming trading sessions. In this scenario, we expect the EMA200 (approximately 1,230 points) to be a support level where buying pressure emerges. If the EMA200 is successfully held and the index rebounds with improved liquidity, this would be an appropriate buying point for investors in the coming period.