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Selling pressure comes back again at the important resistance zone of 1,240-1,250 pts, causing the stock market to slow down. The VNIndex decreases slightly with liquidity still at a high level, showing investors’s caution sentiment toward the market. However, the uptrend is still intact as this index maintains to close above the 20-period moving average. Therefore, investors should open long positions and focus on leading stocks.

The stock market remains to rise strongly in the session with high liquidity, indicating buying signals. Although consolidation sessions may appear around the important resistance level of 1,240 - 1,250 pts, an uptrend is still present as the VNIndex closes above the 20-period moving average. Therefore, investors should open again long positions and focus on the leading stocks.

The FTSE Rusell announced that the FTSE Vietnam Index will add VIX, but not remove any tickers in this review. Accordingly, we expect that FTSE Vietnam ETF will sell HPG and VRE the most with 16.9 million shares and 6.4 million shares, based on data as of 6 Sep 2023. On the buy-side, VIX, VND, and VNM will be bought heavily with 12.6 million shares, 9.2 million shares, and 5.7 million shares. The new weights will be effective on 17 Sep 2023.

The stock market has the 5th consecutive gaining session with high liquidity, showing positive signals. In the short term, the VNIndex has retested the previous resistance zone of 1,240-1,250 pts. If this index successfully surpasses with high liquidity, the uptrend will be confirmed. Therefore, investors should stand aside and observe the next movements of the market.

In general, outflow across Vietnam’s ETF intensified strongly while demand experienced a substantial decline. In this case, selling pressure may present the next time, however, an expectation that demand will still maintain on some major ETFs in the context that the stock market is showing positive movements.

The stock market increases strongly during the session with improved liquidity, indicating investors' sentiment become more optimistic. Furthermore, the VNIndex successfully surpasses the 20-period moving average. However, this is not a reliable buying signal as despite the improvement, the liquidity is still at a normal level. Therefore, investors should stand aside and observe the next movements of the market.

In this scenario, investors could open the long positions on leading stocks. However, margin trading needs to be avoided due to the respected 1,240 pts zone.

The stock market slows down after a sharp rising session with improved liquidity, indicating investors’ hesitation sentiment. In the next time, if the VNIndex successfully surpasses the 20-period moving average with high liquidity, the bullish trend can come back. Therefore, investors should stand aside and observe the next movements of the market.

In general, outflow across Vietnam’s ETF intensified strongly while an absence of signs of demand resurgence. In this case, selling pressure could be active in upcoming weeks due to the high level of divestment as well as demand has low probability to fade supply in the short-term.

The downside risk is still present as the VNIndex closes below the 20-period moving average. Therefore, investors should stay on the sidelines and wait for the next signals. In the next sessions, if the VNIndex remains above 1,200-pts with high liquidity, the selling signal formed on August 18, 2023 may be not right.