Vietnam Insight

▶ In the first trading session of 2025, the market was excited and spread the green vibe across many industry groups. The market was slightly corrected at the end of the morning session and the beginning of the afternoon session due to increased profit-taking pressure. However, purchase-side quickly joined in at the end of the session, helping the market return to the reference level. Trading volume was low, showing that many investors were still cautious in the first session of the year.

▶ At the end of the trading session, the VN-Index increased by 2.93 points (+0.23%), reaching 1,269.71 points; the HNX-Index increased by 0.26 points (+0.11%), reaching 227.69 points. Market volume reached VND 10.75 trillion, equivalent to about 428.1 million shares traded. Foreign investors were net sold of VND 96.2 billion, focusing on FPT, VCB, ACV.

▶ Technical perspective: The market continued a sideways session with a narrow range when it came into contact with the MA20 support line. Trading volume continued to be low, showing that cash flow was still indifferent. The market is still in an accumulation state around the 1260 - 1270 zone with cash flow rotating between industry groups until a clear signal is formed to form a new trend. In a positive scenario, the market needs a strong enough demand to return to the resistance of 1300.

Strategy: Investors should observe the index's reaction near the resistance zone of 1,280 - 1,300 because this is an area with a lot of profit-taking pressure. If the index surpasses, do not rush to buy new ones but wait for correction sessions to disburse, which will be safer. Short-term trading strategies are still prioritized and should consider the two support and resistance levels of 1,200 and 1,300.