Previously, this index had exceeded this threshold for 3 consecutive sessions but faced selling pressure, so it reversed and decreased at the end of the session. The Hanoi Stock Exchange (HNX) also recorded a quite positive increase.

Market liquidity this session reached more than 1.18 billion shares, worth more than VND27,445 billion, a sharp decrease as the selling side no longer created as much pressure as the previous session. Foreign investors returned to net buying slightly VND65.7 billion after a series of consecutive net selling in previous days.

The highlight of the session was the positive performance from the oil and gas stocks, which then spread to the securities, banking and large-cap stocks in the VN30 basket. Many oil and gas stocks maintained a strong growth momentum until the end of the session, such as PLX (+6.9%), BSR (+6.64%), OIL (+5.77%), GAS (+4.31%), PVO (+13.56%)...

Mr. Vo Kim Phung, Head of Analysis Department of BETA Securities Company, commented that the liquidity of this session's order matching decreased by more than 14% compared to the previous session, showing that the cash flow has a strong differentiation. The VN-Index is gradually moving towards the strong resistance zone of 1,280 - 1,300 points, the risk and profit-taking pressure are getting greater.

Sharing at the roundtable "Market outlook and investment strategy of UOB Vietnam Bank" held on the same day in Ho Chi Minh City, Ms. Thieu Thi Nhat Le, General Director of UOB Asset Management Vietnam Fund Management Company, said that VN-Index may have adjustments and fluctuations but this year's trend is still positive.

Specifically, the stock market continues to be positive thanks to supporting factors such as the macro economy, the business results of listed enterprises are expected to continue to recover. The global economic outlook, domestic consumption demand improves, especially export and consumer enterprises.

"Although deposit interest rates have increased, they are still lower than before the COVID-19 pandemic. The State Bank's operating interest rates may increase slightly to support economic growth, but the interest rate level in the market remains low. In particular, the determination of the Government and management agencies in upgrading the stock market from frontier to emerging will be a long-term driving force," said Ms. Nhat Le.