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The VN-Index recorded a record daily drop of more than 115 points, erasing several key support levels amid panicked sentiment and dominant selling pressure. In this environment, many brokerage firms advised investors to keep stock allocations low and prioritize risk management, while limiting margin use.
According to Shinhan Vietnam (SSV), the market fell sharply from the start of the session as many stocks hit their daily limits, liquidity weakened, and sellers controlled the flow, pushing the VN-Index lower. The index fell more than 13% from its latest peak and breached support around 1,750 points.
SSV highlighted the MA200 near 1,630 points as an important near-term support. The market is likely to continue oscillating around this area to test demand and reach a balance.
SHS said the near-term trend is weakening sharply after the index failed to hold 1,740 and margin selling pressure increased. With demand for capital preservation rising, SHS expects the VN-Index could continue adjusting toward the 1,550–1,600 zone—previously the 2022 peak and the bottom formed in late 2025.
SHS also noted that market margin debt was around VND 400 trillion by the end of 2025 and could rise further in early 2026, increasing risk if volatility persists.
TPS stated that the VN-Index breached the 1,745-point support, confirming a double-top pattern and opening the possibility of a retreat toward the 1,570 target area.
In the near term, TPS expects the index to test around 1,630 (MA200) and 1,580—the bottoms formed in late 2025. TPS anticipates a technical rebound around 1,630 before the market tests lower supports again.
Asean (Aseansc) reported a strong decline with a long red candle and a close near the session low, indicating selling pressure broadening. The VN-Index also breached several important moving averages, pointing to a near-term negative bias.
Aseansc viewed the 1,600–1,620 zone as near-term support. If demand improves, the market could rebound toward 1,700–1,720. If 1,600 breaks, the risk of a deeper correction toward 1,560–1,580 should be considered.
Across the brokerages’ guidance, the common theme is risk control. SSV recommended short-term investors stay on the sidelines for now, while medium-term investors may continue to hold but with a moderate allocation.
TPS advised investors to prioritize risk management, keep stock allocations at a low-to-moderate level, and avoid chasing the bottom too early.
Aseansc recommended a defensive stance for short-term investors, keeping stock allocations low and limiting margin use.
VCBS added that the VN-Index ended the post–Lunar New Year rally with a sharp decline on heavy volume. VCBS said technical indicators remain pointing down, even though RSI has dropped into oversold territory and some technical rebounds could occur. VCBS recommended investors stay calm, focus on risk management, and actively rebalance portfolios to bring stock weight and leverage back to safe levels, noting that large-scale bottom-fishing is not encouraged while the market has not established a clear balance zone.
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