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The VNIndex displays strong bullish sentiment with a medium-term uptrend, supported by 100- and 200-day moving averages. However, consolidation phase is possible due to high valuation and selling pressure.

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 market increases slightly during the session with high liquidity, indicating inflow is still positive. Furthermore, the VNIndex maintains to end above the important support level of 1,200 pts. In the short term, this index has retested the previous resistance level of the 1,240-pts threshold. Therefore, investors should hold long positions and wait for the next signal.

The stock market decreases significantly during the session with liquidity at a high level, showing the investors’ caution sentiment is still present. However, the VNIndex remains to end above the important support level of 1,200 pts. Therefore, investors should hold long positions and wait for the next signal.

The stock market moves in the narrow range around the reference point while the liquidity remains at a high level, indicating the ongoing tug-of-war between buying and selling activities. However, the uptrend is still positive as the VNIndex maintains close above the 50-period moving average. Therefore, investors should hold long positions and wait for the next signal.

The market increases slightly during the session with the declining liquidity, showing investors’ caution sentiment. However, the uptrend is still positive as the VNIndex maintains to close above the 50-period moving average. Therefore, investors should hold long positions and wait for the next signals.

The stock market reverses to go down in the afternoon and liquidity remains at a high level. Although, profit-taking pressure intensifies strongly at the end, the short-term uptrend is still intact. Therefore, investors should hold long positions and wait for the next signals.

The market still increases strongly by more than 1% during the season with the liquidity records at a high level. Besides, the VNIndex continuously surpasses the important resistance level of the 1,200-pts and 1,220-pts with high liquidity, showing positive signals. Therefore, investors should hold long positions and wait for the next signal.

In general, the inflow was still positive and remained stable. On the other side, there is still notable differentiation in capital allocation, only concentrated on a few ETFs. In this case, the demand for funds in Vietnam is still very optimistic and the expectation of positive inflows will be maintained in the context that the stock market is showing positive movements.

The stock market increases strongly in the session with high liquidity, showing positive signals. However, the downside risk intact remains around the next important resistance level of 1,240-1,250 pts, which is the old peak zone in 2Q22. Therefore, investors should hold long positions and wait for the next signal.