Vietnam Insight

▶ In Tuesday's trading session, the market rose and maintained green from the beginning of the session, led by Vin stocks. Green spread across many industry groups, cash flow tended to flow into the midcap group. However, market liquidity only remained at a sideways level, approximately equal to the average liquidity of 20 days.

▶ At the end of the trading session, the VN-Index increased by 18.86 points (+1.45%), reaching 1,315.15 points; the HNX-Index increased by 0.46 points (+0.21%), reaching 217.70 points. Market liquidity reached VND 22.9 trillion, equivalent to about 952.6 million shares traded. Foreign investors net sold VND 517.1 billion, mainly concentrated in VHM, FPT, SHB.

▶ Technical perspective: The VIC group of stocks increased strongly, helping the VN-Index bounce back strongly after testing the 1,300-point zone. The market denied the bearish candlestick, however, the market will need the green color to spread to other industries to maintain the upward trend. From the bottom of April, the market has recovered more than 20%, we still expect the market to move sideways in the base case.

Strategy: Investors who prefer to hold for the long term can consider disbursing stocks with good foundations, with accumulation bases with low proportions. Can focus on stocks that benefit from domestic internal factors in some industry groups such as: Steel, banking, securities, energy... Opportunities can open up in down sessions.