Vietnam Insight

▶ In Wednesday's trading session, green was concentrated in many bluechip stocks and gradually spread to the entire market. The buying trend increased when the market surpassed the 1,300-point mark, prompting foreign investors to quickly enter the market. Market liquidity improved significantly and set a higher level than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 16.30 points (+1.26%), reaching 1,309.73 points; the HNX-Index increased by 0.95 points (+0.44%), reaching 218.88 points. Market liquidity reached VND27.33 trillion, equivalent to about 1,072.9 million shares traded. Foreign investors net bought VND2,264.77 billion, mainly concentrated in FPT, VPB, MWG.

▶ Technical perspective: Liquidity increased positively with the support of foreign cash flow, helping VN-Index conquer 1,300 points. Easing tensions over tariffs helped strengthen investor confidence, the index approached the old peak around 1,320 points. We expect there will be short-term profit-taking around this area. Correction sessions can open up opportunities for investors to increase their positions.

Strategy: Investors who prefer to hold for the long term can consider disbursing stocks with good foundations, with low accumulation rates. It is possible to focus on stocks that benefit from domestic internal factors in some industry groups such as: Steel, banking, securities, energy... VN-Index moves towards the resistance zone of 1,300-1,320 points, investors should maintain stocks at a moderate level to manage risks.