•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
VN-Index traded sideways near the 1,900-point level in the prior holiday-shortened week, closing at 1,854.1 points amid low liquidity. Multiple securities firms said the market needs further consolidation because buying interest has not broadened and profit-taking pressures have started to emerge.
Shinhan Việt Nam Securities (SSV) reported that the index moved in a narrow band around 1,900 points. The recent rally was mainly driven by the VIC group, leaving market breadth not widely supported.
Several firms also highlighted that the market’s direction remains sensitive to large-cap movements, particularly Vin group-related stocks.
Tien Phong Securities (TPS) pointed to a Bearish Engulfing pattern accompanied by higher liquidity, suggesting selling pressure at higher price zones. While the broader trend has not been broken, TPS said money flow has not clearly returned, making a strong evaluation of a breakout above the 1,850-1,900 area less likely.
TPS added that the 1,760-1,780 support range may act as a temporary balancing point, but it is not sufficient to confirm the end of the correction. The recommended stance is to stay cautious and focus on risk management.
Phu Hung Securities (PHS) said the index fell on a large red candle as the large-cap group cooled, pulling the VN-Index lower. However, market breadth did not deteriorate; some groups remained green, indicating sentiment is stabilizing gradually.
PHS noted weakening momentum, with MACD flattening and RSI moving out of the overbought region. The firm expects the VN-Index to consolidate around 1,850 or undergo a mild pullback before retesting 1,880-1,900. The strategy is to hold and increase weight only when clearer rebound signs appear.
VPBank Securities (VPBankS) said profit-taking pressure before the holiday prevented the VN-Index from holding above 1,860. The firm also observed rotation in money flow from the Vingroup group toward real estate, chemicals, and oil & gas.
After the holiday, VPBankS expected the index to find balance around 1,840-1,845, corresponding to the 10-day moving average, before forming a new trend.
Tien Viet Securities (TVS) maintained a cautious view, warning that selling pressure from the Vingroup group could spread to other sectors after Q1 results are announced. With limited supporting information, TVS said the risk of a broader correction remains.
In a negative scenario, TVS estimated the VN-Index could retreat to test 1,770-1,780. The firm advised maintaining safe position sizing and monitoring developments.
VCBS said selling pressure dominates as the index declines alongside rising liquidity. It added that RSI and MACD have started to move down, signaling a pause in upside momentum and a tendency toward consolidation near the old peak of 1,920. VCBS recommended closely monitoring developments to rebalance the portfolio and seeking opportunities in stocks that keep support, including oil & gas, real estate, and public investment.
ASEAN Securities (Aseansc) assessed that the current downside is mainly driven by cooling in large-cap stocks, while many shares still maintain solid price bases. This points to a rebalancing phase rather than broad weakness. Aseansc expected the VN-Index to move around 1,840-1,850; if the area holds, it could return to 1,870-1,880. The firm recommended maintaining balanced weight, favoring strong stocks, and adding only on reasonable pullbacks.
BIDV Securities (BSC) said the VN-Index dropped more than 21 points, mainly due to Vin Group’s drag. Despite the decline, BSC noted breadth remained positive with more advancers than decliners, indicating capital is still dispersing. However, BSC cautioned that the market remains unstable and volatile.
VikkiBank Securities (VikkiBankS) said the pullback is mainly localized in blue chips, while money continues to shift to stocks with potential. The firm advised monitoring market reaction after the holiday and looking for opportunities in shares that have corrected to more attractive valuation levels.
Saigon Hanoi Securities (SHS) argued the VN-Index remains in an uptrend above 1,820, but faces pressure as it approaches the 1,890-1,900 peak. After five weeks of gains from around 1,600, SHS said the risk of forming a short-term top has increased.
SHS added that market moves are heavily influenced by the Vin group. After Q1 results, investors are re-evaluating valuations and company prospects. In this context, SHS said there are still opportunities in stocks that have corrected to reasonable price ranges.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
