Vietnam Insight

▶ The market started the trading week with a strong gap of 13.64 points after positive news about Vingroup stocks. The index immediately faced strong selling pressure and fell below the reference point before returning to the uptrend. The market's uptrend was differentiated between industry groups despite continuous net buying by foreign investors. 

▶ At the end of the trading session, the VN-Index increased by 12.66 points (+0.87%), reaching 1,470.42 points; the HNX-Index increased slightly by 0.80 points (+0.33%), reaching 239.61 points. The liquidity of the whole market continued to be impressive above the 20-session average at VND 34.4 trillion, equivalent to only about 1.535 million shares traded. Foreign investors net bought VND 128 billion during the session, mostly concentrated in VPB, FPT and MWG. On the other hand, HPG, GEX and CTG were the stocks that suffered the most net selling pressure.

▶ Technical perspective: VN-Index had its 7th consecutive increase, the rate of increase has shown a slowdown in recent sessions. Foreign net buying power also slowed down around the historical peak of 1,500 points. The RSI technical index is trading around the overbought zone, at 87 points. We believe that the cash flow after a good increase with the large cap group will have a certain spread to the Mid cap and Small cap groups in the coming time. However, the expected fluctuations will appear when the VN-Index approaches the peak and will open up opportunities to increase positions for investors.

In the positive case: In the correction sessions, buying force appears around the 1,400 point area, helping to open up suitable buying points to increase positions. Information about good growth in Q2/2025 business results and market upgrade may be the main factors helping the market maintain its upward momentum in the coming time.

In the negative case: The overwhelming selling force causes the VN-Index to lose the EMA20 and EMA50 points, along with unfavorable economic information that can bring the VN-Index back to a sideways state within a wide range.

Strategy: Investors temporarily stop buying new stocks that have increased significantly. Priority is more inclined to holding. If participating in new purchases, you can participate with a low proportion, prioritizing groups that closely follow the MA 20/50/200 support and are in an uptrend. You can prioritize real estate, banking, and energy groups that are in low areas and have an accumulation base.