Vietnam Insight

▶ On Monday's trading session, the market tended to be in a tug-of-war between buyers and sellers. However, low trading liquidity kept the market gloomy in the trading sessions near Tet. This was the 6th session that the market recorded trading volume lower than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 0.44 points (+0.04%), reaching 1,249.55 points; the HNX-Index decreased by 0.79 points (+0.35%), reaching 221.69 points. Market volume reached VND 9.99 trillion, equivalent to about 441 million shares traded. Foreign investors were net sold of VND247.6 billion, focusing on VCB, VNM, PVS.

▶ Technical perspective: VN-Index appeared a doji candle with low trading volume, showing hesitation from both buyers and sellers. This is the trading trend of the market before entering the Lunar New Year. VN-Index is currently trading above EMA200 and below EMA50, with RSI remaining neutral around 50.

Strategy: The market is following a sideways trading trend. If trading short-term, investors can consider disbursing around the 1,220 point zone and gradually taking profits when approaching 1,300 points. With a holding investment strategy, investors will only disburse strongly when VN-Index surpasses and successfully defends the 1,300 point zone.