Vietnam Insight

▶ In Thursday's trading session, the market continued its excitement, maintaining green throughout the session. However, profit-taking pressure in the afternoon session caused many investors to remain cautious and wait to observe clearer developments from the market. Market volume remained at the 20- day average.

▶ At the end of the trading session, the VN-Index increased by 4.51 points (+0.35%), reaching 1,286.36 points; the HNX-Index decreased by 0.48 points (-0.21%), reaching 231.29 points. Market volume reached VND 18.5 trillion, equivalent to about 720.1 million shares traded. Foreign investors net bought VND 505.97 billion, mainly focusing on MSN, FPT, NTL.

 ▶ 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, showing 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 of continuing to violate the MA20 level, the index will return to retest the MA50 level around the 1,240-1,250 point range, 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 volume and wide amplitude.