VN-Index regained green color in the first session of the week 25. However, the increase range was not large and mainly thanks to the large-cap Vin stock group, while the number of declining stocks overwhelmed the number of gaining stocks.
In addition, liquidity also decreased sharply, the matched order volume was the lowest since the beginning of 2026 and decreased sharply by nearly 37% compared to the 20-session average.
Therefore, a gaining session that does not bring much momentum can confirm the signal of reversal of the downward trend that has formed before.
From a more realistic perspective, the upward trend of VN-Index in the past 2 months has largely come from the impact of the Vingroup group (especially VIC and VHM), the rest of the market mostly has an unpredictable downward or sideways trend. Therefore, when the Vingroup group adjusts, the pressure on the index is very clear. In the context of unimproved liquidity in most industries, this pressure spreads very quickly.
Therefore, inferring which support threshold the index will reach can be said to be not true to the current market reality. What investors should pay more attention to should be liquidity and trends of industry groups.
Analysts from Vietcombank Securities Company (VCBS) believe that the VN-Index recorded a positive increase, but liquidity has not changed much compared to the previous session and cash flow continues to differentiate strongly between industry groups when most of it is concentrated in large-cap groups.
Before the current developments of the market, VCBS recommends that investors can temporarily reduce the leverage ratio to manage risks, or can short-term surfing to lower the cost of capital on the number of shares they are holding. In which, priority is given to stock groups that are being noticed by cash flow such as banking, real estate, and securities.
Meanwhile, according to the analysis of Asean Securities Company, technically, VN-Index is sending a cautious recovery signal when closing at 1,886 points with an average green candlestick, showing that buyers temporarily dominate even though the index is still below the MA10 and MA20 levels.
The upward momentum is improving but not strong enough to confirm a breakthrough trend, making it likely that the market will continue the state of struggling in a narrow range at the 1.880-1.910 point area before shaping a clearer trend.
In this context, this securities company recommends that short-term investors should maintain an average ratio, avoid chasing purchases and focus on trading in the support and resistance areas.
SHS Securities Company also gave an assessment that after a period of strong increase from the bottom of 1,600 points to the price range around 1,920 points, the VN-Index is at risk of creating a short-term peak when it cannot surpass the historical peak of January and February 2026. Market quality is weakening, and there is not much potential for good profit.
While the world financial market is still increasing sharply. Domestic individual investor sentiment has become less optimistic with many short-term positions under pressure to stop losing when the price trend ends short-term growth.
This leads to a fairly strong decline in market liquidity in recent sessions. Investors who are maintaining a high proportion and expanded portfolios need to continue to control risks and restructure short-term portfolios.
