[Infographic] VN-Index faces short-term selling pressure as it increases to a strong resistance zone around 1,300 points

Liquidity on the two exchanges reached VND23,310.04 billion, down slightly compared to the session on July 9. In which, the matched volume decreased by 10.47% at HoSE and 12.60% at HNX, showing that the adjustment pressure is quite normal.

Foreign investors continued the net selling trend on HoSE with a value of 1,041.53 billion VND. On HNX, foreign investors net sold slightly 3.51 billion VND.

The short-term trend of VN-Index is still accumulating positively in the range of 1,250-1,300 points. VN-Index has encountered pressure to readjust the equilibrium price zone of this accumulation channel around 1,275 points, corresponding to the average price line of the last 20 sessions. This adjustment pressure is quite normal, especially when VN-Index has had 7 consecutive sessions of increase.

In the short term, investors should limit buying at high prices when the VN-Index is heading towards the 1,300-point price range. Medium- and long-term investors should hold their current portfolios, and consider adding new positions based on the second quarter business results and year-end prospects of leading companies.