Vietnam Insight

- The stock market rallied today. The market broke out strongly after it was announced that the State Bank of Vietnam had announced a 1% reduction in operating interest rates on the afternoon of March 14.

- At the end of the session, the VN-Index gained 22.06 points (+2.12%), reaching 1,062.19 points; HNX-Index increased by 4.46 points (+2.20%), reaching 207.01 points.

- From a technical perspective: Today's rally completely negated yesterday's drop and helped the market regain momentum. The MACD is still above the signal line and upward along with the RSI crossing back above 50, implying the consensus of money flow. This will reinforce the upward inertia. However, the index will approach short-term resistance around 1,080 points, so the shaking will happen. Investors need to avoid excitement and be patient in the correction.