Vietnam Insight

▶ On Monday's trading session, the market was bustling with information that the KRX system is about to be deployed. Cash stream was concentrated in securities and real estate stocks, spreading green throughout the market. Trading liquidity improved and continued to exceed the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 4.01 points (+0.31%), reaching 1,309.37 points; the HNX-Index decreased by 0.85 points (-0.36%), reaching 238.34 points. Market liquidity reached VND 21.1 trillion, equivalent to about 976.1 million shares traded. Foreign investors were net sold of VND 383.1 billion, focusing on TPB, TNH, MSN.

▶ Technical perspective: Although trading volume has improved, VN-Index has not been able to maintain the increase. Short-term profit-taking supply is currently balanced with probing demand at this price range, forming a series of small spread candles. VN-Index is likely to fluctuate sideways in a narrow range of 1,280-1,310 before heading towards the resistance zone of 1,350.

Strategy: The market is following the main sideway trading trend. For short-term trading, investors can consider disbursing when VN-Index shows a correction around 1,280-1,300. With a holding strategy, investors can disburse more when VN-Index breaks out and successfully defends the 1,300 point zone.