Vietnam Insight

▶ On Tuesday's trading session, the market experienced a pullback at the open due to the negative sentiment from the US market's decline, driven by concerns over the potential tariff policy uncertainties that could lead to the economic recession. However, selling pressure quickly cooled down as capital swiftly returned to the market. This proves that when the world economy is unstable, Vietnam's sustainable driving force has to come from within.

▶ At the end of the trading session, the VN-Index increased by 2.26 points (+0.17%), reaching 1,332.54 points; HNX-Index increased by 1.08 points (+0.45%), reaching 239.58 points. Market liquidity reached VND21.4 trillion, equivalent to about 933.3 million shares traded. Foreign investors were net selling of VND 217.3 bn, mainly in MSN, FPT, DGC.

▶ Technical perspective: Amidst global recession fears and poor equity performance in US and Asia, VN-Index opened the trading day with a gap down of over 10 points. Initial aggressive selling force subsided as the trading day progressed, allowing VN-Index recovered its losses and closed the day with slight increase. A balanced market resumed without significant correction. This development can be seen as a positive signal, indicating that buying pressure remains strong enough to absorb selling pressure and maintain the recovery trend.

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.