Vietnam Insight

▶ After many previous unsuccessful attempts, the market managed to close above the 1,300 resistance for the first time in the joyfulness of investors. Liquidity also increased well and today marked the trading session of the highest transaction value since the beginning of 2025. Foreign investors maintained net their net-selling position but the value was not large.

▶ At the end of the trading session, VN-Index increased by 7.81 points (+0.6%), reaching 1,304.56 points; HNX-Index increased by 0.92 points (+0.39%), reaching 238.49 points. Market liquidity reached 23.29 trillion VND, which was equivalent to about 1,611 billion shares being traded. Foreign investors net sold 259 billion VND, mainly concentrated in FPT, HPG and FRT.

▶ Technical perspective: Since the market closed above the 1,300 resistance, it is seen as having broken away from the sideway zone 1,200 – 1,300. The strong growth in liquidity and the positive movement of the MACD indicator showed that the demand force that helped VN-Index surpass the 1,300 resistance was quite reliable. The EMA20 value at 1,271 plays as an important support for the trend. In a positive scenario, if the cash flow goes on increasing and the selling force doesn’t turn too strong, it is likely that the market will continue to gain points.  

Strategy: The market is following the main upward sideway trading trend. If trading in the short term, investors can wait until the VN-Index appears to correct around 1,270 for disbursing. With a buy-and-hold strategy, investors can increase their stock proposition when the VN-Index breaks out and successfully defends the 1,300 point zone, which may take some more sessions for VN-Index to maintain above the 1.300 points.