Vietnam Insight

▶ In Thursday's trading session, the market continued to experience a tug-of-war session when market sentiment was cautious, profit-taking pressure continued to increase, mainly concentrated in the Large cap group. At the end of the session, the market closed at the reference level, with market liquidity remaining flat and still higher than the 20-day average.

▶ At the end of the trading session, the VN-Index decreased by 0.01 points (-0.00%), reaching 1,341.86 points; the HNX-Index increased by 0.74 points (+0.33%), reaching 224.30 points. Market liquidity reached VND 20.97 trillion, equivalent to about 926.5 million shares traded. Foreign investors were net selling of VND 256.18 billion, mainly focusing on CTG, GEX, HPG.

▶ Technical perspective: VN-Index has the same development as the previous session when it did not have enough momentum to break out of the 1,340 point zone. Currently, the index is also trading around the overbought zone, the main trend is likely to be sideways or slightly adjusted down, accumulating around 1,300-1,340 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.