Vietnam Insight

▶ In the trading session on Tuesday, the market showed positive signs with an increase in net buying cash flow.

▶ At the end of the trading session, the VN-Index increased by 2.05 points (+0.16%), reaching 1,271.98 points; the HNX-Index decreased by 0.20 points (-0.09%), reaching 232.47 points. Market liquidity reached VND 15,729 trillion, equivalent to about 678.7 million shares traded. Foreign investors net sold -116 billion VND, mainly concentrated in MWG, STB, BMP.

▶ Technical perspective: VN-Index continues to be a session to retest the MA20 support level and the trendline. Average liquidity with narrow fluctuation range, buying power is not strong enough to help the market reverse. In the coming sessions, VN-Index is likely to have continuous testing sessions at the 1260-1282 area before having a new trend. In a positive scenario, the market will accumulate around the 1270 support level with low liquidity to attract cash flow back. In case of continuing to violate the MA20 level, the index will return to retest the MA50 level around the 1,240-1,250 point area, the market will take many more sessions to rebalance.

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