Vietnam Insight

▶ On Tuesday's trading session, the market was excited and maintained green in the morning session thanks to the banking group continuously announcing positive Q4.2024 business results. However, the upward trend reversed when investors' profit-taking actions before Tet along with net selling pressure from foreign investors prevented the market from trying to maintain green. The market continued to record liquidity lower than the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 3.46 points (-0.28%), reaching 1,246.09 points; the HNX-Index decreased by 0.01 points (-0.00%), reaching 221.68 points. Market volume reached VND 11.48 trillion, equivalent to about 495.6 million shares traded. Foreign investors were net sold of VND 165.7 billion, focusing on CTG, FRT, STB.

▶ Technical perspective: VN-Index had a volatile trading session when it approached the resistance zone of 1250. Liquidity remained at a low level, showing that the selling pressure was not large and the buying pressure was still willing to support the price. Therefore, VN-Index still does not have a strong cash flow to improve the short-term trend.

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 area.