Vietnam stock market had a comeback to regain the green on Wednesday session but could not break out far. In which, oil and gas stocks are the main factors supporting the market. At the end, VN Index gained 3.52 points (+0.24%) and closed at 1,465.02. Liquidity seems to have established a new stable level as turnover reached VND 29,742 bn, equivalent to 985mn shares traded. Foreign investors changed direction to be net sell again with a net value of VND 768 bn. PLX (+6.97%), DIG (+6.9%), and GAS (+1.01%) contributed the most to the index's green. Meanwhile, HPG (-2.12%), TCB (-1.15%) and CTG (-1.37%) acted as the biggest burdens on the index.
Equipment manufacturing, seafood and oil stocks were notable when they had an impressive gaining session. In which, the oil group witnessed several limit reaching stocks such as PLX, PSH, CNG.
Technical signals showed that VN-Index is still accumulating at the close with Doji candle, meaning that selling and buying forces are quite balanced. The MACD and RSI are correcting slightly, showing that this accumulation span can last for a few more sessions. In general, cash still poured into small and medium-cap groups. Meanwhile, the large-cap group seems to be standing still. In addition, the large-cap group in the VN30 basket is currently having an attractive valuation with a P/E of 14.7. Therefore, this is a good opportunity to accumulate more stocks in this group.