Research Center

Market ended up to be net bought but demand has started to drop. Demand was mainly absorbed by Financials and Energy whilst supply mainly spread to Consumer Staples, Materials, and Industrials. With ETF flow, Vietnam experienced the outflow. Net outflow was USD2mn. However, the negative flow of money was only driven by the divestment on VFMVN Diamond. Demand has started to spread to other major ETFs which partially covered the strong outflow on VFMVN Diamond.

The VNIndex appears the bullish piercing pattern, but the volume is low level. Hence, the market may move sideways in the next few sessions before it goes up. Traders may hold long positions focusing on the leading sectors.

Although the current downtrend is still active, rebound phase has high probability to fade the current down trend. In this case, investors could increase the current position on leading stocks but margin level should be kept at low level.

The VNIndex may move sideways or correct in the next few sessions due to the short-term profit-taking. However, the uptrend since July is still intact. Therefore, traders may hold long positions focusing on the leading sectors.

Based on the short-term profit-taking, the VNIndex may move sideways or correct in the next few sessions. However, the uptrend since July is still intact. Therefore, traders may hold long positions focusing on the leading sectors.

The VNindex has formed a corrective pattern, almost like a Bearish Spinning Top. That means the index may move sideways or correct in the next few sessions. However, the uptrend since July is still intact. Therefore, traders may hold long positions focusing on the leading sectors.

Based on the recovery, 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 bought. Demand was mainly absorbed by Financials and Real Estate whilst supply mainly spread to Consumer Staples and Industrials. With ETF flow, inflow remained across Vietnam, mainly driven by the solid demand on X FTSE Vietnam.

The uptrend is still confirmed in the short term because the VNIndex closes above the 1,250-pts threshold. Therefore, traders may hold long positions focusing on the leading sectors.