Vietnam Insight

▶ On Wednesday's trading session, the market maintained green with improved market volume. The buying money flow showed signs of entering the market but remained cautious after a series of consecutive days of decline. Market volume remained at the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 9.87 points (+0.78%), reaching 1,281.85 points; the HNX-Index increased by 0.25 points (+0.11%), reaching 231.77 points. Market liquidity reached VND17.1 trillion, equivalent to about 676.9 million shares traded. Foreign investors net sold VND44.99 billion, focusing on VPB, MWG, HDB.

▶ Technical perspective: The market bounced back with sideways liquidity and closed around the MA10 area at 1281. MACD is still in a negative divergence state, indicating that the index still needs time to confirm the bottom. In a positive scenario, the market will move sideways around 1270 -1280 to attract stable cash flow again. In case it continues to violate the MA20 level, the index will return to retest the MA50 threshold around the 1,240-1,250 point area, and 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 trading volume and wide amplitude.