Vietnam Insight

▶ In the trading session on Thursday, the derivatives maturity period brought a positive signal to the market with green exploding in key sectors such as Real Estate and Banking. The spectacular reversal signal of the index in the afternoon session, combined with significantly improved volume, gradually returning to the 20-day average, showed that the cash flow is getting stronger.

▶ At the end of the trading session, the VN-Index increased by 7.04 points (+0.55%), reaching 1,286.52 points; HNX-Index increased by 1.86 points (+0.81%), reaching 230.12 points. Market volume reached 15.7 trillion VND, equivalent to about 685.2 million shares traded. Foreign investors net sold 402.56 billion VND, mainly concentrated in FUESSVFL, HDB, DBC.

▶ Technical perspective: VNINDEX formed a bearish engulfing pattern, which suggests the market has successfully tested the 1,270 level. Although trading volume is low, it has improved compared to the previous session. The short-term trend is still consolidation at the old peak. The long-term trend remains up as the 50-day EMA is still holding well. The reference support and resistance levels are 1,260 and 1,300.

Strategy: Investors should maintain their holding positions. Buying is recommended when the market falls back to 1,270 and shows signs of rebound, or when it breaks above 1,300.