Vietnam Insight

▶ In Thursday's trading session, the market continued to be torn between buyers and sellers as profit-taking pressure continued to increase before the 1,350 threshold. Cash flow tended to shift to midcap stocks and take profits in bluechip stocks. Market liquidity improved, remaining higher than the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 9.21 points (-0.70%), reaching 1,313.84 points; the HNX-Index decreased by 0.67 points (-0.31%), reaching 217.79 points. Market liquidity reached VND26.4 trillion, equivalent to about 1,157.1 million shares traded. Foreign investors net bought VND114.3 billion, mainly in VIX, MWG, VHM.

▶ Technical perspective: Facing resistance around the resistance zone of 1,320-1,340 points, VN-Index decreased slightly with no sudden change in liquidity. The market has recovered strongly from the bottom and is currently lacking supporting information to continue to break out. We believe that the market will accumulate or decrease slightly and wait for more information to be able to maintain the upward momentum in the coming time.

Strategy: Investors who prefer to hold for the long term can consider disbursing stocks with good foundations, with accumulation bases with low proportions. It is possible to 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.