Vietnam Insight

▶ In Tuesday's trading session, the Vn-Index had a slight recovery when the selling pressure weakened at the 1250 area. Cash flow improved especially in the afternoon session, but there was no good spread and was concentrated in the Midcaps and Penny stocks. The current movement is not enough to form a balance zone and confirm the bottom.

▶ At the end of the trading session, the VN-Index increased by 7.01 points (+0.56%), reaching 1,261.78 points; the HNX-Index increased by 0.97 points (+0.43%), reaching 225.56 points. Market liquidity reached 18.8 trillion VND, equivalent to about 875 million shares traded. Foreign investors net sold 5,125.59 billion VND, mainly in MSN, VHM and BID.

▶ Technical perspective: VN-Index had a second session of increase with improved volume compared to yesterday, showing that cash flow has supported. The market showed clear differentiation when cash flow sought stocks with positive business results. With the basic scenario, the index will test the resistance level at around 1270, if successfully conquered, the index will head towards 1,280. In the negative scenario, if demand remains weak, the index will likely return to test the 1,250 zone to attract new cash flow.

Strategy: Investors should maintain a holding position while the market is still in a sideways state. The buying recommendation is to wait for the market to move towards the 1,270 zone and bounce back or wait to surpass 1,300.