Vietnam Insight

 Vietnam stock market continued to soar in the first trading session of the week the green dominated market with 258/414 gainers on the HSX.

 Ending the close, VN Index edged up by 11.06 points, or +0.76% and closed at 1,467.57 points. Liquidity continued to remain at an extremely high level with a turnover of VND 31,439 bn or 1,075mn shares traded. Foreign investors reversed to net buy again with a net value of VND 506 bn.

 Leading the group that helped lifting VN Index up, including MSN (+2.84%), VNM (+1.79%), and VCB (+0.72%). Meanwhile, correction of some banking tickers such as VPB (-1.05%), TCB (- 0.75%), and SHB (-1.59%) negatively impacted on the index.

 The wave of speculation following the rise of global rubber prices helped rubber product stocks (+4.46%) have a great day and outperformed others. Some notable stocks include DRC (+5.44%), CSM (+3.37%), and SRC (+2.87%).  Technically, VN-Index maintained its bullish momentum and sticked to the upper band of the expanding Bollinger Band, showing that the positive situation will continue. The MACD and RSI also support the uptrend as maintaining positive signal. The next target of VN Index is at 1,500. In general, the uptrend of the market is consistent with the progress of reopening as well as economic recovery. In addition, the National Assembly's return to discuss to approve a plan to stimulate socio-economic development after the epidemic, which is also expected by the market participants that positives will come likely