Vietnam Insight

▶ In Monday's trading session, the market continued to struggle as profit-taking pressure increased, once again losing the 1,300 threshold. Cash flow focused on Vin stocks but was still not enough to counter the strong selling pressure of the bears. Market liquidity was flat, recorded at approximately the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 5.10 points (-0.39%), reaching 1,296.29 points; the HNX-Index decreased by 1.45 points (-0.66%), reaching 217.24 points. Market liquidity reached VND 22.4 trillion, equivalent to about 908.5 million shares traded. Foreign investors net sold VND 561.7 billion, mainly concentrated in VHM, DXG, GEX.

▶ Technical perspective: After the VN-Index approached the old peak, the market saw short-term profit-taking. In the context of no significant progress between Vietnam and the US in negotiating new reciprocal tax rates. The market temporarily does not have enough momentum to break out. However, the VN-Index decreased with a narrow range and liquidity around the average level, showing that there was no panic in the market.

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.