Vietnam Insight

▶ In the trading session on Tuesday, the market improved and spread green across many industry groups in the morning session. Vin stocks still played a pivotal role in leading market sentiment. However, profit-taking pressure increased at the end of the session, causing the market to close near the reference level.

▶ At the end of the trading session, the VN-Index increased by 1.60 points (+0.12%), reaching 1,331.92 points; HNX-Index decreased by 1.44 points (-0.59%), reaching 244.56 points. Market liquidity reached VND22.4 trillion, equivalent to about 1,017.9 million shares traded. Foreign investors were net selling of VND396.7 billion, mainly concentrating on FPT, SHB, TPB.

▶ Technical perspective: The VN-Index opened with a slight gap-up, but this initial positive momentum failed to sustain throughout the trading day. The index remained within a narrow trading range for most of the session, accompanied by average trading volume, indicating a balance between buying and selling pressures. Domestic investors played a crucial role in offsetting foreign selling. The VN-Index appears to be consolidating, and a surge of buying interest from sidelined investors will be necessary to propel the index further upward.