VN-Index edges higher for the week, forecast to recover to 1,770–1,785 points

In the week, the VN-Index rose 11.24 points, or 0.67%, to 1,684.04 points. The HNX-Index fell 3.68 points, or 1.46%, to 248.68 points.

Market performance and sector breadth

Several securities firms said the market is balancing after last week’s rebound, with breadth turning negative. One report noted that 15 out of 18 sectors declined, led by Industrial Goods & Services, followed by Retail and Basic Resources. By contrast, the Insurance sector recorded a positive session.

Foreign investors were also cited as a key factor: net selling of around 1.5 trillion VND on HSX, alongside net buying on HNX and UPCOM.

Key technical levels: support and resistance

Multiple analysts pointed to the VN-Index consolidating around major moving averages and a nearby support band.

• BVSC: The VN-Index remains above the 200-day moving average (MA200). Consolidation around MA200 keeps recovery room in the 1,770–1,785 range, corresponding to the MA50.
• VCSC: As the index nears the 1,665–1,675 support zone, short-term selling is widening while buying is shrinking. The index is likely to fluctuate with resistance near 1,715–1,725 and support near 1,665–1,675.
• SSI: The VN-Index is retreating ahead of increased selling pressure from the 1,700–1,720 resistance zone, but remains above the 1,660–1,680 support area, supported by blue-chip stocks. The 1,660–1,680 zone is described as crucial for absorbing selling pressure and shaping the next move.
• TVS: With selling pressure still present, the market could retest strong MA200 support near 1,660 before rebounding. The firm maintained a recovery target of 1,730–1,740.
• VCBS: The VN-Index is likely to trade in a 1,680–1,750 corridor with alternating up and down moves. The 1,680 support is linked to MA20. The firm also noted intraday signals suggesting a potential rebound at the first session of next week.

Outlook for next week and trading implications

Analysts generally expected continued range trading, with opportunities tied to sector rotation and selective buying during pullbacks.

• BVSC: The rebound potential remains, with a target around 1,770–1,785. It highlighted rotating gains across stock groups as Q1 earnings forecasts and the AGM season approach, suggesting trading buy actions when sectors correct or swing within the session. Suggested focus areas included fertilizers, retail, natural rubber, industrial zones, oil & gas, real estate, and large-cap stocks and securities tied to uplisting news next week.
• BSC: The market is still seeking balance after last week’s rebound, with the VN-Index closing at 1,684.04 after falling nearly 11 points during the day.
• VCBS: Investors were advised to maintain exposure to stocks with a sideways trend and solid support, and to use pullbacks to deploy capital in sectors with positive Q1 earnings prospects, including retail and banking.
• TVS: Investors were advised to maintain appropriate portfolio weights and consider partial profit-taking as the market approaches 1,730–1,740.

Note

Market assessments from the securities firms cited by VnEconomy are for reference only. Firms may have conflicts of interest with investors when providing their views.