Vietnam Insight

▶ The market opened cautiously with a slight decrease gap of 0.78 points after a strong profit-taking session the day before. The index traded sideways around the reference level in the morning session. The market returned to the uptrend in the afternoon session with consensus from industry groups and continued net buying sessions by foreign investors. 

▶ At the end of the session, the VN-Index increased by 14.82 points (+1.01%), reaching 1,475.47 points; the HNX-Index increased by 2.02 points (+0.84%), reaching 242.35 points. The liquidity of the whole market remained high above the 20-session average of VND 36.3 trillion, equivalent to only about 1,582 million shares traded. Foreign investors maintained net buying for more than 10 consecutive sessions and net bought VND 236 billion in today's session, focusing mostly on HPG, SSI and VPB. On the other hand, DXG, DIG and NVL were the stocks that suffered the most net selling pressure.

▶ Technical perspective: The market spent most of the session sideways, before increasing slightly in the late afternoon. The market is likely to consolidate and struggle in the 1,400-1,500 range, before breaking out of the old peak. The RSI is moving down to escape the overbought zone. The VN-Index is currently trading above all three EMA20/50/200 lines, with the support of institutional money flow behind, the main trend of the market, in our opinion, is still an uptrend.

- In the positive case: In the correction sessions, buying pressure appears around the 1,400-1,450 point area, helping to open up suitable buying points to increase positions. Information about good growth in Q2/2025 business results and market upgrade could be the key factors helping the market maintain its upward momentum in the coming time.

- In the negative case: Overwhelming selling pressure causes VN-Index to lose EMA20 and EMA50 points, along with unfavorable economic information that could push VN-Index back to a sideways state within a wide range.

Strategy: In technical correction sessions, investors can consider partial disbursement in stocks with good business results expectations and benefit from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign cash flows in recent times such as banks and real estate.