The 3.82% increase of the VN-Index in the past week is the highest since January 2023, bringing the PE valuation of the Vietnamese market to 16.2 times.
The VN-Index has had a consecutive 4-week point increase, and in terms of relative achievements, the 3.82% increase is the best since January 2023. In addition, in the last trading session, there was news about the plan to perform a system conversion exercise sent to brokerage companies.
SSI Securities Corporation assesses that after reaching the highest level of 1,264 points in the recent uptrend cycle, the VN-Index is temporarily pausing. With the RSI and ADX technical signals in the positive zone and the appearance of a slowdown point, the VN-Index may gradually weaken from the resistance level.
According to Mirae Asset Vietnam’s evaluation, successfully surpassing and maintaining the 1,250 milestone is a positive development for the VN-Index during the week. However, the 1,250 – 1,270 range will face significant selling pressure and the VN-Index will need more time to consolidate. The short-term technical score is at +7 points (OPTIMISTIC).
