Research Center

Despite the contraction, the short- and long-term uptrend is confirmed as the VNIndex closes above the 1,400-pts threshold. Therefore, traders can hold long positions and focus on leading stocks.

In the short term, the uptrend is confirmed as the VNIndex closes above the 1,400-pts threshold. Therefore, traders can hold long positions and focus on leading stocks.

Last week, foreign selling pressure came back. Breaking down by sectors, selling activity mainly focused on Financials, Materials and Industrials whilst Real Estate and Utilities attracted the most foreign demand. With ETF flow across Vietnam, net inflow was USD7mn, highest figure since May 21, thanks to the strong demand on VFMVN Diamond (USD6.4mn).

Based on the breakout of the VNIndex, its uptrend is still intact in the short term. Therefore, traders can hold long positions and focus on leading stocks.

In this quarterly review, the VN DIAMOND Index rebalances its weight according to the new free-float rate. While VN30Index is expected to add SAB, GVR, and ACB and remove REE, SBT, and TCH.

Market sentiment has become optimistic in the short term, implying the uptrend. Therefore, traders can hold long positions and focus on leading stocks.

The long-term uptrend is in place. Hence, the short-term sideways is opportunities to increase long position. Investors should hold the current positions on leading stocks and add more or re-enter the market at the short-term support (1,300 pts area).

Although the volatility of the market increases, the uptrend is still intact, thanks to the high demand on some key stocks. Therefore, traders can hold long positions and focus on leading stocks.

Despite the contraction, the uptrend is still intact in the short term as cash flows into some key stocks. That implies that traders can increase long positions and focus on leading stocks.