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Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase.

The VNIndex breaks down a 1,430-1,440 pts zone, showing a strong downtrend. Therefore, traders should wait for the next signals and stay on the sidelines.

Based on data as of 18 Apr 2022, we expect local ETFs to buy TCB, KDH, and OCB the most with more than 5 million shares for each stock. On the sell side, NLG, CTD, and CTG will be sold heavily with 5.9 million shares, 4.1 million shares, and 3.0 million shares, respectively.

Last week, trading activity dropped across the covered warrant market, down 34% WoW. Besides, foreign trading activity was also decreased and the market continued to end up to be net sold.

Long position on VN30F2204 should be closed. Traders should stay on the sidelines and wait for the reaction of this instrument at 1,470 pts area.

Selling pressure increases in the short term, implying the downside risk is still intact. Therefore, traders should wait for the next signals and stay on the sidelines. The strong support is a 1,430-1,440 pts zone. The VNIndex may rebound when retesting it.

Foreign demand ticked up. Buying activity focused on Consumer Discretionary and Industrials whilst large sell orders were placed on Financials and Materials. With ETF flow, money inflow has come back to Vietnam, driven by the stable demand on domestic ETFs (VFMVN Diamond and VNFIN Lead ETF).

The company targets a VND2,005bn revenue (+11%) and VND250bn net profit (+38% yoy) in 2022F. LCG will pay 2021’s stock dividend at 10% and plans to pay 2022F’s cash dividend of 12% at par. In 1Q22, the company announced preliminary revenue and PAT are VND177bn (-62% yoy) and VND51bn (-10%), respectively. It also set the new prioritized business lines from 2022F-2025F, including: transportation infrastructure, renewable energy and real estate.

Based on the sharp contraction, the downside risk is still intact. Therefore, traders should wait for the next signals and stay on the sidelines. The strong support is a 1,430-1,440 pts zone. The VNIndex may rebound when retesting it.

Although the medium-term trend (uptrend) still remains, the solid demand zone (1,470 pts zone) is broken. In this case, investors should decrease the current positions on leading stocks and wait for more accurate trading signal in upcoming sessions.