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Based on the second losing session, the downtrend may confirm in the short term. Therefore, traders should reduce long positions and wait for next signals.

The FTSE Vietnam Index will remove KDH and SBT and not add any ticker in the 3Q22. Based on data as of 07 Sep 2022, we expect that FTSE Vietnam ETF will sell HPG, VRE, and STB the most with 7.3 million shares, 6.2 million shares and 4.1 million shares. On the buy-side, VND, VNM, and NVL will be bought heavily with 6.6 million shares, 3.9 million shares, and 3.7 million shares. The new weights will be effective on 16 Sep 2022.

The VNIndex shows the breakdown because the index closes below the 1,250-pts threshold with high volume. That means a bearish signal, implying a short-term downtrend. Therefore, traders should reduce long positions and wait for next signals.

The uptrend is still intact in the short term as the VNIndex closes above the significant moving averages. Therefore, traders may hold long positions focusing on the leading sectors.

Despite the slowdown in the uptrend, the VNIndex still maintains the bullish market in the short term. In this case, investors could hold long positions on leading stocks but margin trading should be avoided due to the medium-term bearish swing.

Despite the contraction, the uptrend is still intact in the short term. Therefore, traders may hold long positions focusing on the leading sectors.

Market ended up to be net sold. Supply mainly spread to Financials, Real Estate, and Materials whilst demand was mainly absorbed by Consumer Staples and Energy. With ETF flow, Vietnam was divested. However, the divestment was not significant and the outflow was mainly driven by the selling pressure on VFMVN Diamond and VFMVN30.

Despite the contraction, the short-term uptrend is still intact. Therefore, traders may hold long positions focusing on the leading sectors.

Although the rebound phase is active, minor correction has high probability to occur. In this case, investors could increase the current position on leading stocks when 1,250 pts area is retested. However, margin level should be kept at low level.

In the short term, the VNIndex shows the bullish market thanks to the Bullish Engulfing pattern. Therefore, traders may hold long positions focusing on the leading sectors.