Vietnam Insight

▶ In the trading session on Monday, the market recorded a good increase after the KRX system went into operation on the first day. This is an event that investors have long awaited, promising to improve transaction processing capacity, increase transparency and safety for the market. Although the system has just come into operation, market liquidity remains low.

▶ At the end of the trading session, the VN-Index increased by 13.75 points (+1.12%), reaching 1,240.05 points; HNX-Index increased by 0.87 points (+0.41%), reaching 212.81 points. Market liquidity reached VND 14.4 trillion, equivalent to about 605.7 million shares traded. Foreign investors net bought VND 125.54 billion, mainly in VRE, DPM, DIG.

▶ Technical perspective: The market recorded a recovery session and continued to move sideways around the 1200 - 1240 range. Low sideways liquidity shows that the market's state does not have too many fluctuations. In a positive scenario, VN-Index needs a session with good cash flow to surpass the sideway range of 1200 - 1240. The index's short-term support zone is 1,170 – 1,180 and the nearest resistance zone is 1,270.