Vietnam Insight

- The stock market fell today. Banking stocks were sharply divided after the news that the State Bank of Vietnam officially allowed debt restructuring and kept the debt group unchanged from 24th April.

- At the end of the session, the VN-Index dropped 1.55 points (-0.15%), reaching 1,041.36 points; HNX-Index dropped 0.16 points (-0.08%), reaching 206.76 points.

- Technical perspective: The indicators show that the index is moving in a short-term correcting phase with downward momentum dominating. The resistance that the market needs to overcome is the area of 1,055 - 1,060 points to confirm the exit from the correction, while the nearest support is at 1,030 points and lower is the psychological level of 1,000 points. The right strategy is lower the weight and favor further observation.