Vietnam Insight

▶ On the Monday's trading session, the market had a positive trading session thanks to the Vin- stocks leading and spreading green across the market. Foreign net selling cooled down a bit but remained at a high level. Market liquidity improved but was still lower than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 8.44 points (+0.64%), reaching 1,330.32 points; HNX-Index increased by 0.18 points (+0.07%), reaching 246.00 points. Market liquidity reached VND 19.6 trillion, equivalent to about 926.6 million shares traded. Foreign investors were net selling of VND 720.47 billion, mainly concentrated on TPB, LPB, NVL.

▶ Technical perspective: Despite a morning of slight corrections in various sectors, domestic investors successfully absorbed foreign selling, leading to a significant late-day rebound. Weak selling signals were effectively countered, with mega-cap gains, particularly in VIC, driving a widespread recovery. Banking and securities stocks reversed earlier losses to close positively. The VN-Index's ability to maintain its upward trajectory hinges on attracting further sideline investment, as a lack thereof could confine it to an accumulation zone.

Strategy: The market has shown positive signals, breaking the sideways trading channel. VN-Index is likely to maintain the uptrend to reach 1,350 points. Investors can increase their positions in down sessions with average liquidity and small spreads. In the negative case, losing 1,280-1,300 points, investors can reduce the proportion to manage portfolio risk.