Research Center

Last week, foreign buying activities ticked up with net buy value recorded at USD33mn. Breaking down by sector, Consumer Staples, Real Estate, and Financials attracted most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money, but with lower pressure. To be specific, X FTSE Vietnam, SSIAM VNFIN Lead, VFMVN Diamond ETF, and VanEck Vietnam ETF were the main contributors which attracted the total of USD9mn money inflow. However, VFMVN30 ETF ended up to be net sold, recorded at USD3.6mn, a 6-months high.

Market sentiment has become cautious as the downside risk is still intact. Besides, the short-term downtrend is formed as the 20-period moving average of the VNIndex closes below the 50-periods moving average. Therefore, traders should be careful and stay on the sidelines.

Despite the market is traded at balance stage, indicators give the confirmation for the bearish market as well as market sentiment has become pessimistic in the short-term. Thus, investors should reduce proportion of leading stocks during this scenario and stay on the sidelines.

Despite the recovery, the short-term downside risk is still intact due to the high volatility of investor sentiment. The downtrend is formed as the 20-period moving average of the VNIndex closes below the 50-periods moving average. Therefore, traders should be careful and stay on the sidelines.

In the short term, the downside risk is still high because of the high volatility of investor sentiment. Besides, the VNIndex closes below the lower line of the downward channel again, showing the short-term downtrend. Therefore, traders should be careful and stay on the sidelines.

The downside risk is still intact in the short term due to the high volatility of investor sentiment. Besides, the VNIndex crosses down the lower line of the downward channel with a runaway gap, implying the short-term downtrend. Therefore, traders should be careful and stay on the sidelines.

The VNIndex crosses down the lower line of the downward channel with a runaway gap, implying the short-term downtrend. The downside risk increases as a sharp reduction of large-cap stocks. Therefore, traders should reduce long positions and stay on the sidelines.

Last week, foreign selling activities ticked up with net sell value recorded at USD23mn. Breaking down by sector, Energy kept attracting most foreign demand across the market whilst Materials, Real Estate, and Consumer Staples experienced strong outflow. Regarding to ETF flow, Vietnam maintained the positive flow of money and became one of the main driver for the maintenance of money inflow across SEA thanks to VFMVN30 ETF, SSIAM VNFIN Lead, and VanEck Vietnam ETF.

Market sentiment has become cautious in the short term as the sell-off on stock markets. That pushes the downside risk increase. Therefore, traders should reduce long positions and stay on the sidelines.