In yesterday's trading session (February 25), the market was at one point at risk of losing the important mark of 1,300 points when red dominated the blue chip group, but the efforts at the end of the session helped the index maintain this important psychological mark when closing the session.
Foreign transactions are still a minus point when they are net sold for nearly 400 billion VND in the whole market. According to experts at TVS Securities Company's forecast, with ETFs continuing to net sell at $23 million in January, this trend will continue in the coming months if US President Donald Trump continues to impose tariffs on many other countries.
The fact that taxable countries take retaliatory measures will increase the risk of global trade war. This could cause large funds to continue to net sell and reduce the proportion of stocks from developing or emerging markets to limit portfolio risks.
Commenting on the development of the VN-Index, TVS Research forecasts that the index may face an adjustment due to pressure from US tariff policies.
In addition, the continued decline in investment cash flow in the market is also a factor that causes the VN-Index to face a disadvantage in the coming time. The reason for foreign investors continuing to net sell is due to concerns about the risk of a trade war, while domestic investors may allocate assets to other investment channels that have had better performance recently such as gold or cryptocurrency.
According to analysts at BVSC Securities Company, the market may need more accumulation time below the resistance zone of 1,305-1,315 points before moving to a new fluctuation in the coming time. However, stock groups will continue to differentiate and opportunities will still appear in stock groups that have not increased much in the recent period.
Yuanta Securities Company also commented that the market may return to the upward momentum in the next session and the VN-Index may challenge the 1,310 point level.
Yuanta believes that the ability to overcome this resistance level is quite high as many large-cap industry indexes have overcome important resistance levels. Slightly downward psychological indicators also show that investors are being more cautious.
Yuanta recommends that investors can continue to hold a high proportion of stocks and can restructure their portfolios from stocks that have increased strongly to new stocks that confirm the uptrend or have not increased strongly to optimize the portfolio.
