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VN-Index extended gains for a fourth consecutive week as signs of easing geopolitical tensions supported sentiment. Trading liquidity was roughly unchanged from the previous week, suggesting investors’ risk appetite has improved somewhat. The index closed the week at around 1,817.17 points, up 3.84% from the prior Friday. However, foreign investors remained a net seller, recording a net sell of 4,689 billion dong across five sessions on the whole market.
Analysts expect the rebound to continue, though they caution that volatility could return. ASEAN Securities said the VN-Index may keep rebounding in the near term, supported by a firm medium-term support zone. It identified near-term support at around 1,750 points and near-term resistance near 1,900 points.
For short-term trading, ASEANSe advised investors with a high cash proportion to deploy gradually on pullbacks, prioritizing stocks that remain in uptrends on technical charts across sectors including real estate, banks, securities, and retail-consumer.
For long-term investors, ASEANSe recommended a hold-and-select approach, focusing on leading-name stocks while maintaining attention on earnings growth prospects into 2026.
Mr. Nguyen Duc Khang, Head of Equity Analysis at Pinetree Securities, said the week ended with positive signals as the VN-Index broke above the 1,800 level, driven by stocks including Vingroup and The Gioi Di Dong. Still, he noted that money-flow dynamics do not yet show the market has the immediate capacity to advance further, and a short correction is likely. On the hourly technical chart, multiple Doji candles point to market indecision, alongside substantial profit-taking pressure.
He also highlighted that while large-cap sentiment makes the market appear stronger than underlying conditions, money flow in other core sectors—particularly banking—has not been very positive.
Vietcombank Securities said buyers still hold the upper hand, but the market may face volatility and choppy trading early next week as it tests demand. The nearest support level is especially around 1,801 points. VCBS recommended keeping portfolio weights at a safe level, given supply-side pressure and potential volatility. It advised investors to avoid deploying capital into stocks that have already surged or are approaching strong resistance, and to remain patient to buy gradually on pullbacks into names with solid fundamentals and sectors attracting capital flows such as banks and consumption.
With the upcoming week being the last trading week before the holiday, analysts said the market is likely to see either a correction or consolidation. Investors were advised to limit leverage, avoid buying at the open, and actively take profits to preserve gains.
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