Vietnam Insight

- The stock market rallied today. Most stocks traded in the green. The VN-Index fluctuated around reference, although the stock market rallied the gain was less than 2 points.

- At the end of the session, the VN-Index gained 1.62 points (+0.15%), reaching 1,077.59 points; In contrast, HNX-Index dropped 0.70 points (-0.32%), reaching 215.31 points.

- From a technical perspective: Buying force reacted as soon as the index approached the support of the trendline, which also corresponds to the 20-day MA around 1,060 points, helping the index narrow the intraday drop and close in green. The MACD has crossed down the signal line along with the RSI dropping to near 50, meaning that the uptrend has weakened and the correcting signal is still there. Therefore, investors need to observe new developments before making hasty decisions.