Vietnam Insight

▶ In Wednesday's trading session, the market fluctuated strongly and recovered before closing the afternoon session. Market volume decreased sharply compared to yesterday's session but was still higher than the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 4.36 points (-0.34%), reaching 1,287.84 points; the HNX-Index decreased by 1.00 points (-0.42%), reaching 235.05 points. Market volume reached VND 17.7 trillion, equivalent to about 771.1 million shares traded. Foreign investors were net purchase of VND 254.61 billion, focusing on TCB, PNJ, FPT.

▶ Technical perspective: VN-Index returned the increased points of yesterday's session, the fluctuations occurred throughout the session, but the demand was also quite good, keeping VN-Index in balance. Banking stocks continued to make efforts to pull the market, while strong differentiation occurred in the real estate group. In the coming sessions, VN-Index may continue to accumulate in the 1,280 - 1,300 range with tight liquidity waiting for stocks to accumulate before surpassing the 1,300 mark. 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 liquidity and wide amplitude.