Vietnam Insight

▶ In Tuesday's trading session, the market had a tug-of-war session as the market approached the 1,340-point mark. Green spread across real estate stocks and tended to gradually spread to midcap stocks. Market liquidity continued to improve, maintaining a level higher than the 20-day average.

▶ At the end of the trading session, the VN-Index increased by 7.30 points (+0.55%), reaching 1,339.81 points; the HNX-Index increased by 2.38 points (+1.08%), reaching 221.79 points. Market liquidity reached VND 25.0 trillion, equivalent to about 1,120.9 million shares traded. Foreign investors net sold VND 1,106.1 billion, mainly concentrated in HPG, VIX, VIC.

▶ Technical perspective: After the positive afternoon session of the previous day, VN-Index maintained its upward momentum and approached the strong resistance zone of 1,340 points. Cash flow needs to spread to large industries such as banking to be able to surpass the peak. We expect the market to accumulate around 1,300-1,340 points and rely on catalysts before it can move towards 1,400 points.

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, etc. Opportunities can open up in down sessions.