VN-Index edges higher as investors stay cautious amid market volatility

VN-Index edged higher at the close on March 4, 2026, rising 5.13 points, or 0.28%, to 1,818.27. By contrast, the HNX-Index fell 2.16 points, or 0.83%, to 257.85. The VN-Index is likely to continue testing the support region around 1,800 points. BVSC noted that the VN-Index recovered late in the session thanks to several large-cap stocks. Market breadth remained tilted toward declines. Liquidity rose to the highest level since the start of the year while foreign investors continued to be net sellers. The risk of volatility and corrections may persist in the next session. The index is expected to continue testing the 1,800-point support. Investors should prioritize risk management by increasing cash and closing short positions if prices breach stop-loss levels. For trading activity, a T+ approach remains preferred, and positions should only be adjusted during periods of strong market volatility around support zones. The market remains volatile and there are no clear signs of a turning uptrend. BSC noted that the VN-Index fluctuated sharply today, sometimes down more than 2% before bottom-fishing demand returned, helping the index close up 5.13 points to 1,818.27. Decliners outnumbered advancers across 12 of 18 sectors. The Industrials & Services and Chemicals sectors fell the most, while the Oil & Gas sector continued to rise. In foreign trading, foreigners sold across HSX, HNX and UPCOM. Bottom-fishing support helped the index stay above the 50-SMA. However, the team maintained a cautious trading stance given ongoing volatility and the lack of a clear rebound signal after recent declines. The VN-Index may recover modestly in the next two sessions. S_HS suggested that in the short term the VN-Index formed a local top near around 1,900 points and faces pressure to test the support line connecting the December 2025 and February 2026 lows. They forecast a mild rebound after two consecutive down days, advising investors to avoid panic selling of stocks that have already faced downside pressure, and to consider portfolio restructuring, reducing exposure to momentum plays when the VN-Index moves back toward the 1,830–1,840 range. Global markets continued to decline as geopolitical tensions in the Middle East weighed on risk appetite and the market participants rotated into safer assets. S_HS urged investors to manage risk and consider quality names with positive charts in sectors showing resilience, such as banks, and to maintain a balanced exposure as supply chains remain stressed in energy hubs worldwide. TVS projected the VN-Index could recover in the following sessions, with anticipated resistance around 1,850–1,860 and a baseline stance of neutral-to-moderate risk. VCBS noted the VN-Index closed above the 1,800–1,810 support zone, reinforcing the rebound and easing downside pressure. The stock composition in the lower price zones provided a probability of a steady base, with a near-term target around 1,840–1,845 for the 05/03 session. SSI pointed to the 1,780–1,800 range as a strong support zone, facilitating a reversal from recent lows. In a technical rebound scenario, the nearer resistance is seen at 1,830–1,850. Overall, brokerage notes are for informational purposes and should be used as a reference. Investors are advised to stay risk-aware and consider sectors showing positive momentum, such as securities, steel, and consumer stocks. The index is expected to target resistance near 1,840–1,845 (+/−5) in the upcoming session, implying a shallow rebound with continued volatility around key support levels.