Vietnam Insight

- The stock market rallied today. Liquidity on both exchanges had a sharp decrease compared to the last session of last week.

- At the end of the session, the VN-Index gained 0.92 points (+0.09%), reaching 1,053.81 points; In contrast, HNX-Index lost 0.62 points (-0.30%), reaching 206.63 points.

- Technical perspective: The market opened at the beginning of the week in the gloom with matching orders dropping by nearly half compared to the 20-day average. The MACD has cut down to the signal line, along with the RSI, although improving, it is still below 50, meaning that the money flow is weakening and the index is still moving in the short-term correcting phase. The struggling trade is likely to continue so the index retests the support around MA50, corresponding to 1,050 points.