The Vietnam Stock Market closed out the week from February 24 to 28, 2025, on mixed notes as the VN-Index dipped slightly by 0.19% to 1,305.36 points, with the HNX-Index also ending just below the reference mark at 239.19 points. Overall, the VN-Index experienced a weekly gain of 8.61 points (+0.66%), and the HNX-Index rose by 1.62 points (+0.68%), marking the sixth consecutive week of growth for the market, driven primarily by positive investor sentiment following the index's surge past 1,300 points at the beginning of the week.
Despite the minor daily decline, the week showcased resilience, as the pullback was absorbed by sustained buying pressure, even with external sellers continuing to exert significant influence over the market. The market's dynamics illustrated adaptations, with funds rotating between various sectors to maintain relatively stable prices. The energy sector led with notable gains, buoyed primarily by stocks like PVS (+1.42%) and BSR (+0.99%). Conversely, pressure also mounted on coal-related stocks, many of which saw declines.
Specific stocks exerted considerable influence on the overall index movement. Major negative contributors included VCB, HPG, and LPB, which collectively impacted the VN-Index by more than 2 points. Meanwhile, GVR stood out as the sole major advancing stock, contributing 0.7 points. The diversity of stock performance across sectors showed pronounced differentiation, with energy and real estate sectors exhibiting significant activity.
The real estate segment revealed several promising performers, like VRE (up 1.16%) and NLG (gaining 4.36%), though several firms within this segment faced selling pressures as noted with declines from CEO and SZC stocks. The financial sector’s negative trend weighed heavily on the overall index, with high-cap stocks like TPB and VCB showing marked decreases, contributing to the cautious environment.
Investor behavior reflected both optimism and apprehension, especially as foreign investors ramped up net sales totaling more than 2,481 billion VND over both exchanges, signaling reserves of caution. The breakdown revealed over 2,379 billion VND sold on the HOSE and near 102 billion VND on the HNX. Observers noted the foreign selling could be attributed to market valuations as opposed to economic fundamentals.
Heading toward the week of March 3 to 7, various securities companies issued forecasts of potential continued growth, albeit with cautions of possible market corrections. For example, VPBankS projected the VN-Index could see upward movements toward 1,330 - 1,350 points, presuming the market maintains solid support levels around 1,295 - 1,300 points. This aligns with findings from BSC, which noted strong buying near the 1,300 mark could help propel the index to 1,315 points.
Distinctly, Aseansc highlighted the potential for strong sell-offs if stock performance doesn't stabilize, advising investors to be vigilant as the market might need consolidation before considering aggressive buying strategies. Given the upward trend without meaningful corrections since mid-January, combined with the gradual yet stabilizing liquidity levels, many analysts advised retaining substantial cash reserves to pivot swiftly should favorable conditions arise.
Market assessment varied significantly across firms, with SHS emphasizing improving market quality and stable trading conditions conducive to medium- to long-term strategies. Meanwhile, KBSV cautioned of increasing selling pressures at resistance points and called for heightened vigilance as certain leading stocks began to exhibit signs of weakening.
Other firms echoed the sentiment, with VCBS indicating the possibility of sideways movement for the market, recommending selective profit-taking on stocks nearing resistance points, incorporating risk management strategies to navigate the current trading climate. Still, stocks demonstrating stable growth, particularly in sectors such as oil and gas or real estate, present prospects for selective investment opportunities.
Overall, the Vietnam Stock Market’s recent performances and analyst predictions offer investors both cautious optimism and warnings to manage exposures carefully amid fluctuated market currents. With decisive trends forming, the coming weeks could yield either new highs or necessary corrections depending on broader market behaviors and external financial inputs.