Vietnam Insight

▶ In Tuesday's trading session, the market continued to record a clear increase in the morning session, showing that buying power is still dominating the market. However, profit-taking pressure caused the market to reverse at the end of the afternoon session. Liquidity improved but remained lower than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 1.90 points (+0.15%), reaching 1,241.95 points; the HNX-Index increased by 0.08 points (+0.04%), reaching 212.89 points. Market liquidity reached VND17.9 trillion, equivalent to about 780.5 million shares traded. Foreign investors net bought VND73.62 billion, mainly in VRE, NVL, VCI.

▶ Technical perspective: The market recorded a session with selling pressure appearing when VN-Index approached the 1250 zone. Increased liquidity on the selling side shows that supply pressure is gradually appearing and creating pressure, however, the status is not considered negative when liquidity remains low. In the positive scenario, VN-Index needs a session with good cash flow to overcome the sideway zone of 1200 -1240. The index's short-term support zone is 1,170 - 1,180 and the nearest resistance zone is 1,270.