Research Center

The VNIndex confirmed the bullish market because of (1) closing above the 10-period moving average, and (2) increasing volume. Therefore, traders may be open small long positions, and avoid buying on margin.

The VNIndex forms the uptrend thanks to some bullish signals. Traders may open small long positions on leading stocks. However, the downside risk is still intact in the long term, hence, they should avoid buying on margin.

S&P recently upgraded Vietnam’s sovereign credit rating to BB+, the highest level in the speculative-grade group. This development opens the chance for Vietnam to reach the investment-grade level soon, implying potential inflows from foreign investors through the portfolio investment, especially in the government debt market. Indonesia’s success in attracting foreign capital into the capital market by showing investors its commitment to a transparent and sustained capital market was a valuable lesson for Vietnam.

Despite the contraction, the VNIndex shows some bullish signals because of (1) closing above the 10-period moving average, and (2) increasing volume. That means the uptrend begins to form in the short term. Therefore, traders may be open small long positions, and avoid buying on margin.

The VNIndex shows some bullish signals because of (1) closing above the 10-period moving average, and (2) increasing volume. That means the uptrend begins to form in the short term. Therefore, traders may be open small long positions, and avoid buying on margin.

Despite the recovery, the downside risk is still intact in the short term. That means the bullish trend is not confirmed. Therefore, traders should wait for the next signals and stay on the sidelines.

Based on the sharp contraction, the downside risk is still intact in the short term. That means the bullish trend is not confirmed. Therefore, traders should wait for the next signals and stay on the sidelines.

Market ended up to be net sold but selling pressure was not strong. Selling activity has turned around to be absorbed the most by Financials, Real Estate, and Materials whilst demand kept focusing on Consumer Staples. With ETF flow, money inflow across Vietnam reached the all-time high. Net inflow was USD115mn. The positive flow of money was mainly absorbed by VFMVN Diamond and Fubon FTSE Vietnam.

The downside risk is still intact in the short term due to low liquidity. That means the bullish trend is not confirmed. Therefore, traders should wait for the next signals and stay on the sidelines.