研究中心

The VNIndex needs more bullish signals to confirm the uptrend because the signals lose consensus.

After the VNIndex rises for the ninth consecutive gaining session, the VNIndex shows an uptrend in the short term. Therefore, traders may open small long positions. However, the selling pressure appears at a high level of around 1,100-pts. Therefore, traders should be careful if the market shows negative.

Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD6mn. With ETF flow, the inflow has been active across Vietnam for 4 consecutive weeks as well as demand stayed at high level. Inflow was USD14mn. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.

Although the VNIndex closes above the 1,050-pts threshold, the downside risk is still intact due to selling pressure at a high level of around 1,100-pts. Therefore, traders should stay on the sidelines.

The VNIndex closes above the 1,050-pts threshold for 3rd consecutive gaining session, however, the downside risk is still intact in the short term due to selling pressure at a high level of around 1,100-pts. Therefore, traders should stay on the sidelines.

Although the VNIndex closes above the 1,050-pts threshold, the downside risk is still intact in the short term due to selling pressure at a high level of around 1,100-pts. Therefore, traders should stay on the sidelines.

Foreign demand continued to outweigh supply. Net buy value was USD17mn. With ETF flow, the inflow has come back across Vietnam as well as demand kept increasing. Inflow was USD27mn, tripled the previous week. Although there was the active inflow, demand focused only on Fubon ETF whilst other major ETFs such as VFMVN30 ETF, VFMVN Diamond, VNFin Lead, and KIM Growth VN30 ETF, FTSE Vietnam experienced the outflow or the insignificant flow of money.

The VNIndex loses consensus, showing the sideways. The index needs a breakout or breakdown to confirm the next trend.

The VNIndex shows the bullish signals as crossing the 1,050-pts for the five gaining sessions in a row. However, the downside risk is still intact in the short term due to selling pressure at a high level of around 1,100-pts. Therefore, traders should stay on the sidelines.

Despite the second recovery, the VNIndex retests 1,050-pts threshold, showing a downtrend in the short term. Therefore, traders should stay on the sidelines.