Vietnam Insight

▶ In Thursday's trading session, the market increased slightly in the morning session before falling sharply in the afternoon session. Market liquidity increased sharply with more than 1 billion shares traded.

▶ At the end of the trading session, the VN-Index decreased by 9.74 points (-0.76%), reaching 1,278.1 points; the HNX-Index decreased by 1.70 points (-0.72%), reaching 233.35 points. Market liquidity reached VND23,270.3 trillion, equivalent to about 1,043 million shares traded. Foreign investors net bought VND573.31 billion, mainly concentrated in ETF DCVFMVN, STB, VHM.

▶ Technical perspective: The market showed a fairly large correction session with increased liquidity due to relatively strong selling pressure. In today's session, VN-Index returned to fill the gap of 1280 in the session of September 25 and is expected to fluctuate in the coming sessions. In a positive scenario, the market may re-accumulate with the nearest support at 1270 to wait for consensus among industry groups or the market needs to have a session to regain points today so that new money flows can confidently enter the market. 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.