Vietnam Insight

▶On Monday, the market continued to have a gloomy trading session as the long holiday is approaching, with differentiation between industry groups. Liquidity continued to decrease and was below the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 2.43 points (-0.20%), reaching 1,226.80 points; the HNX-Index decreased by 0.27 points (-0.13%), reaching 211.45 points. Market liquidity reached VND14.2 trillion, equivalent to about 679.8 million shares traded. Foreign investors were net purchase of VND3.46 billion, mainly focusing on MBB, BVH, HPG.

▶ Technical perspective: The market recorded a gloomy trading session with a sharp decrease in liquidity and continued to move sideways around the 1200 - 1240 range. Cash flow appears to be differentiated according to the business results of enterprises. In the scenario of a successful market balance, the 1140 range can be considered the new bottom of the index. The short-term support zone of the index is 1,170 - 1,180 and the nearest resistance zone is 1,270.