Vietnam Insight

▶ On Monday's trading session, the market continued to struggle after a week approaching the 1300 threshold with pressure from the selling side. Market volume decreased compared to the previous session but was still higher than the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 2.98 points (-0.23%), reaching 1,287.94 points; HNX-Index decreased by 0.08 points (-0.34%), reaching 234.91 points. Market volume reached VND 16.29 trillion, equivalent to about 748.4 million shares traded. Foreign investors were net sold of VND 503.76 billion, focusing on HPG, STB, GMD.

▶ Technical perspective: VN-Index continued to accumulate in a narrow range, after many sessions of failing to surpass the 1,300-point threshold. Today's market movement was mainly down throughout the session and volume decreased, causing selling pressure to weaken. Banking stocks showed signs of slowing down, creating conditions for mid-cap stocks such as steel and securities to attract cash flow. VN-Index is likely to experience fluctuations in the Gap area around 1,280 points before there is a strong enough driving flow to pull the market above 1,300 points. In case of continued failure in approaching this old peak, the index will return to retest the 1,240-1,250 point range.

Strategy: Investors should observe at this price range, increasing the proportion if VN-Index successfully surpasses 1,300 points with improved market volume and wide amplitude.