Saturday, July 5, 2025 9:33:39 PM - Markets open
VN-INDEX 1,386.97 +5.01/+0.36%
HNX-INDEX 232.51 +1.58/+0.68%
UPCOM-INDEX 101.17 +0.31/+0.31%
Trading in tight range ahead of Tết holidays
Vietnamnews - 1/16/2023 10:21:13 AM
 (0 ratings. You must sign in to rate.)
The stock market traded in a narrow range last week, with most industries experiencing a divergence trend. Experts believe that in the period before the Lunar New Year, the index will fluctuate in a narrow level, but investors can still look for opportunities in short-term positions.
 
The market’s benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended the week at 1.060.17 points, while the HNX-Index on the Hà Nội Stock Exchange (HNX) closed at 211.26 points. 
 
Both benchmarks gained for the week, with the VN-Index rising 0.8 per cent and the HNX-Index up 0.3 per cent. 
 
Liquidity also did not have a big change, partly reflecting the cautious sentiment of investors in the trading sessions before Tết. Specifically, the average matching volume on HoSE reached nearly 436 million shares per session, down 20.65 per cent over the previous trading week, while the HNX's average matching volume was nearly 51 million shares a session, down 16.52 per cent. 
 
This was also the reason why the VN-Index had no motivation to hit higher levels.
 
As the Lunar New Year approaches, investors are often worried. However, it is worth noting that in the last 21 years, the VN-Index has increased 15 times and decreased six times during sessions ahead of the festival. Especially, five days before Tết, the average performance is always positive.
 
Nguyễn Anh Khoa, Head of Analysis and Investment Consulting Department of Agriseco Securities Company, said that this will be an opportunity for investors to accumulate leading stocks, especially in the VN30 basket, at low prices.
 
Following a slight increase in the benchmark index and continued low liquidity levels in recent weeks, Vietcombank Securities Company (VCBS) believes that the market will continue to struggle and fluctuate in a narrow range before the holidays.
 
Experts from VCBS recommend short-term investors take advantage of the uptrend to take profits on short-term speculative stocks while limiting the opening of new transactions until the holiday.
 
BIDV Securities Company (BSC) forecasts that the VN-Index will continue its sideways trend this week, trading in the range of 1,050 to 1,065 points, and may fluctuate more strongly in the sessions close to Tết. 
 
Similarly, Yuanta Securities said that the market may extend the sideways trend and trade in a tight range.
 
If it breaks away from the sideways trend, the short-term cash flow is still quite weak. Furthermore, the short-term sentiment index is still in the negative territory, indicating that investors are still not ready to invest again and that the market is still diverging.
 
However, the short-term trend of the general market is still up. As a result, Yuanta advises short-term investors to continue to take advantage of correction sessions to increase the proportion of stocks in their portfolio, but not to exceed 50 per cent.
 
MB Securities (MBS) said that as the VN-Index gained for two consecutive weeks, the upper limit of 1,064 points is still a strong resistance when there is no support from liquidity. 
 
With a fairly positive breadth, the market is expected to break out of the accumulation zone after the Lunar New Year or remain sideways, but investors will have opportunities with individual stocks. VNS
 
Read original article here
Newer News
04/07 Việt Nam's stock market may be upgraded in September: deputy minister
04/07 Ministry wants personal income tax withheld at source on share‑based dividends
04/07 Share auctions in Vietnamese stock market hit record low
26/06 New policy on dividend payment of State-owned credit institutions issued
24/06 Market extends rally as VN-Index surpasses 1,365 points
17/06 Investment funds regain positive returns on market recovery
17/06 VN-Index rallies sharply, approaching 1,340-point threshold
16/06 VN-Index may retest the 1,300-point threshold this week amid cautious sentiment
10/06 The number of securities accounts surpass 10 million
03/06 Corporate bond market surges in April, led by banks and real estate
Older News
11/01 Shares mixed on blue chips divergence
09/01 Positive news lifts the market's sentiment: expert
04/01 Market opens the new year on a positive note
27/12 Transparent corporate bond market a long-term capital channel
27/12 Shares open new week low with dry liquidity
21/12 PM asks financial sector to perfect legal framework, supervise bond market
21/12 Shares drop for second day despite strong foreign buys
12/12 Shares to move higher this week but cautious sentiment remains
12/12 Retail shares see great growth potential
03/12 How to regain investors' confidence in corporate bond market: experts
 
Newsletter Signup
Top Stories
Việt Nam's GDP growth poised to beat forecast by 0.3%: official
Market extends rally as VN-Index surpasses 1,365 points
Corporate bond market surges in April, led by banks and real estate
Profit-taking pressure grows as market retreats
Open-end funds keep attracting capital inflows
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,386.97 +5.01/+0.36%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.