Vietnam Insight

▶ In Thursday's trading session, the market was gloomy as red spread across most industry groups. The Vin-ticker group attracted cash stream but was insufficient to cool down the market. The general market sentiment remained cautious, recording total trading volume at a record low in today's session.

▶ At the end of the trading session, the VN-Index decreased by 5.25 points (-0.42%), reaching 1,245.77 points; the HNX-Index increased by 0.07 points (+0.03%), reaching 221.94 points. Market volume reached VND 7.5 trillion, equivalent to about 336.3 million shares traded. Foreign investors were net sold of VND 439.53 billion, mainly concentrated in STB, VNM, SSI.

▶ Technical perspective: VN-Index decreased slightly with low liquidity. Both sellers and buyers are lacking motivation to conduct the trading orders during this period. The time before Lunar New Year and the information gap prior to Q4/2024 business results are the main reasons explaining the decline in volume in recent sessions. VN-Index is trading in a small range, around the EMA200 area, investors should pay attention to increasing sessions (wide range) with improved liquidity. This will be a good signal confirming the market's uptrend.

Worse scenario: VN-Index continues to lose the EMA200 with strong selling pressure and a wide candle body. This signals the downtrend is still dominant.

Strategy: The market is still trading in a sideways trend. Short trading strategy (50% stock weighted) is still prioritized until the uptrend is confirmed and VN-Index surpasses 1,300 points. The strong support and resistance levels are currently at 1,200 points and 1,300 points, respectively.