Vietnam Insight

▶ On Monday's trading session, the market was positive as green vibe spread across most industry groups. Net foreign selling pressure began to cool down and reversed to net buying status, but was still recorded at a low level. Trading liquidity was still not positive, recorded lower than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 6.60 points (+0.54%), reaching 1,234.70 points; HNX-Index increased by 0.96 points (+0.43%), reaching 222.25 points. Market volume reached VND 11.95 trillion, equivalent to about 497.8 million shares traded. Foreign investors were net purchase of VND 55.1 billion, focusing on MSN, CTG, PVS.

▶ Technical perspective: The market continued its recovery trend when it increased points in most trading sessions despite low volume. The increase amplitude and low volume show that both buyers and sellers are quite cautious. Thus, the market is following the recovery scenario to the 1,280 area as it did in the previous two times. However, this week, we expect some corrections at the 1,250 area, as we see that the recovery in this session is not sustainable.

Strategy: Investors should temporarily refrain from buying new stocks with high market value, prioritize to observe and be ready to sell if the stock touches the price range according to the proposed scenario. Since the market is trading within a range, investors should prioritize disbursing once and closing early, avoiding buying multiple times when the price increases.