[Market Radar] - Volatility contraction index
23/07/2025

Summary

▶ The market opened with a strong increase gap of 10.04 points after the strong recovery of the previous session. The index traded around the reference level during the session and closed with a slight increase thanks to the return of foreign net buying at the end of the session.

▶ At the end of the trading session, the VN-Index increased by 2.77 points (+0.18%), to 1,512.31 points; the HNX-Index increased by 1.48 points (+0.60%), reaching 249.33 points. Although remaining above the 20-session average of VND 42.2 trillion, only about 1.734 million shares were traded. Foreign investors net bought VND 249 billion in today's session, mostly concentrated in FRT, VPB and HDB. On the other hand, VIX, SHB and VHM were the stocks that foreign investors net sold the most.

Technical perspective: VN-Index continued its upward trend with the synchronization of price and trading volume. Although VN-Index was under strong selling pressure in the afternoon session, it fell below the reference level at times, but then regained the upward momentum of the previous session. VN-Index is still trading above all 3 EMA20/50/200 lines with the support of institutional cash flow behind, the main trend of the market, in our opinion, is still an uptrend.

In the positive case: After strong buying pressure appeared around 1,480 points, VN-Index sent a positive signal to the market. The market is likely to continue to increase points towards 1,600 points.

In the negative case: Overwhelming selling pressure causes VN-Index to lose EMA20 and EMA50 points, along with unfavorable economic information that could push VN-Index back to a sideways state within a wide range.

Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results and benefiting from the expectation of market upgrade. Investors can consider investing in stocks that have attracted foreign cash flow in recent times such as banks and real estate.

Category
Daily
Author
Kien Tran
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