The Vietnamese stock market saw significant movement recently, as the VN-Index broke past the significant threshold of 1,300 points for the first time in over 31 months. This milestone, achieved on February 24, 2025, has ignited excitement among investors as they navigate fluctuated trading patterns.
According to multiple sources, including Vietcombank Securities (VCBS), the market's mood appears uplifted as investor sentiment is buoyed by stronger trading volumes across the exchanges. The most recent trading session found foreign investors actively engaged, buying 59.72 million units worth approximately 1.87 trillion VND, marking increases of 11.95% and 42.1% respectively compared to prior sessions. Meanwhile, foreign sales increased to 60.96 million units with sales values at around 2.13 trillion VND, also showing significant growth.
Despite the high sales, the foreign investors ended the session with net selling of 1.24 million units, which raises questions about future buying sentiment. HPG emerged as the most favored stock among investors, showing purchases amounting to 195.5 billion VND. Conversely, FPT saw the largest selling pressure with net sales exceeding 270 billion VND.
The market's uptrend was also reflected on the Hanoi Stock Exchange (HNX) and UPCoM. On HNX, foreign investors bought 2.2 million units valued at approximately 38.57 billion VND, reflecting positive engagement albeit at slightly lower volumes than before. On UPCoM, the total purchase reached 1.12 million units at 26.56 billion VND, showcasing a tripling compared to previous exchanges.
Firm analysts from various securities firms have begun to issue forecasts based on current liquidity trends. Asean Securities noted, "The upward trend is reinforced after five consecutive increases with high liquidity, indicating strong investor sentiment." They reported continued focus on sectors including banking, securities, and steel as pivotal for driving market strength.
UP Securities, on the other hand, highlighted the need for investors to monitor price reactions closely at the support levels of 1,290-1,295 points and resistance levels at 1,300. They emphasized the strategic importance of stock selection within the current climate, advising caution and opportunism as the market fluctuates. The buying spree during the recently closed trading session indicates trading strategies are already being adapted as investors react to changing sentiments.
Industry observers explained this increased liquidity is reminiscent of the capital inflow seen before, but with novel dynamics playing out this time around. The environment contrasts starkly with previous years when crossing key psychological points incited anxiety rather than enthusiasm. Now, with macroeconomic conditions demonstrating stability, investors are feeling more secure about their financial choices.
Market sentiment shifted from uncertainty to confidence, remarkably evident as the VN-Index comfortably settled above the 1,300-point mark. Analysts expect this ring of support to continue bolstering investor strategies as liquidity remains solid throughout the trading environment. The optimistic outlook draws upon recent performance metrics and trading behaviors.
"The projected recovery on the VN-Index suggests continued upward momentum, likely allowing stocks to rise and reach anticipated levels of resistance ranging from 1,307 to 1,360 points," remarked Kiến Thiết Việt Nam Securities (CSI), adding to the overall optimistic market predictions.
Nevertheless, caution remains among traders. There exists the possibility of market corrections, known colloquially as 'bulltraps,' which could jeopardize gains should the VN-Index drop below the pivotal 1,300-point level. This underlying tension necessitates vigilance among investors as they engage with the market.
Despite these challenges, the sentiment surrounding the Vietnamese stock market continues to shift positively, emphasizing the need for flexibility and strategic executions as developments continue to shape the trading atmosphere. The overall narrative reflects the market's resilience as investors remain focused on adjusting to the ever-evolving economic indicators.
Through increased awareness and articulated strategies, investors are preparing for the highs and lows inherent to trading as the VN-Index navigates its place above the 1,300-point threshold. Future trading sessions are set to be influenced greatly by liquidity conditions and investor confidence as the market enters the next phases of development.