Vietnam Insight

▶ The market experienced a balanced trading session with low volatility maintaining throughout the session. Foreign investors returned to their net selling position, which focused on the VN30 group. Trading volume decreased slightly compared to yesterday's session and was approximately the 20-sessions average. 

▶ At the end of the trading session, VN-Index decreased by 1.17 points (-0.09%), reaching 1,272.87 points; HNX-Index increased by 0.09 points (0.04%), reaching 229.90 points. Market liquidity reached VND 15.96 trillion, which was equivalent to about 732.87 million shares being traded. Foreign investors net sold VND 364.84 billion, mainly concentrated in VCB, FPT and VNM.

▶ Technical perspective: The market had a slight technical decline due to the absence of a leading group. Overall, the index still maintained an upward structure towards the 1,300 zone. Short-term price momentum has slightly improved. As the market is trading in the 1,200 - 1,300 range, investors are advised to refrain from disbursing when the index has not successfully broken out of this range.

Strategy: Investors should observe the index's reaction when it approaches the resistance zone of 1,280 - 1,300 because this is an area where strong profit-taking actions take place. If the index surpasses this level, do not rush to buy new shares, but instead wait for the adjustment sessions to reduce risks. Short-term trading strategies are still prioritized and investors need to consider the two support and resistance levels of 1,200 and 1,300, respectively.