Vietnam Insight

▶ In Tuesday's trading session, the market continued to end the session with a red color along with volume that did not fluctuate much. The accumulation trend seems to continue until the derivatives downturn when the market still shows investor hesitation and caution. 

▶ At the end of the trading session, the VN-Index decreased by 5.26 points (-0.41%), reaching 1,281.08 points; HNX-Index decreased by 1.77 points (-0.77%), reaching 228.95 points. Market volume reached VND 16.3 trillion, equivalent to about 712.1 million shares traded. Foreign investors net sold VND 576.1 billion, mainly concentrated in KDC, FPT, VNM.

▶ Technical perspective: The market rose at the beginning of the morning session, but at the end of the session, it was sold back. Market volume is still at an average level, indicating that there is no selling pressure. The short-term trend of the market is still correcting, the market is still trading in the range of 127x-129x. VN-Index needs a strong cash flow session to break the negative divergence of the MACD. In case of further violation of the EMA50 mark, the index will return to retest the 1,240-1,250 area.

Strategy: Investors should maintain their holdings. The buy recommendation should wait for the market to fall to the 1,270 area and have a tendency to bounce back up or wait for it to surpass 1,300.