Vietnam Insight

- The stock market rallied today. Foreign investors continued to be net sellers for the fourth consecutive session and was the strongest selling session since February 27 in the HOSE order matching session.

- At the end of the session, the VN-Index gained 4.11 points (+4.11%), reaching 1,069.46 points; HNX-Index gained 0.34 points (+0.16%), reaching 212.34 points.

- Technical perspective: The index ended near the highest level, forming a hammer candlestick pattern, showing a good reaction at the support area of 1,060 points. Today's bullish signal helps technical indicators return to balance. However, it is still quite early to conclude a bearish reversal point. The index just regained MA10 near 1,070 points, so it still needs time to test this area. The trend is probably in favor of shakes and the right strategy is to hold.