I. MARKET ANALYSIS OF THE STOCK MARKET FOR JANUARY 23, 2025
– The main indices surged during the trading session on January 23, with the VN-Index closing 1.38% higher at 1,259.63 points, and the HNX-Index gaining 0.9% to reach 222.67 points.
– The trading volume on the HOSE exceeded 495 million units, a 23.8% increase compared to the previous session. Meanwhile, the trading volume on the HNX slightly decreased by 3.5%, reaching nearly 38 million units.
– Foreign investors returned to net buying on the HOSE with a value of nearly VND 86 billion and net bought more than VND 14 billion on the HNX.
Trading value of foreign investors on HOSE, HNX and UPCOM by day. Unit: VND billion
Net trading value by stock code. Unit: VND billion
– The trading session on January 23 unexpectedly witnessed a strong breakthrough in the market after a series of lackluster trading days. The VN-Index soared from the beginning of the session, thanks to the strong pull from the group of pillar stocks, and the green color spread across all sectors. Notably, the uptrend was accompanied by improved liquidity and foreign investors also stopped net selling, indicating a clear consolidation of market sentiment. The VN-Index ended the session with more than 17 points gain, advancing to the 1,259.63 mark.
– In terms of impact, the top 10 stocks that contributed the most to the VN-Index‘s gain were VCB (1.7 points), FPT (1.6 points), and LPB (1.4 points). Meanwhile, there were no notable losers, indicating a complete dominance of buyers.
– The pillar group led the breakthrough today, with the VN30-Index gaining nearly 23 points compared to the previous session, reaching 1,332.54 points. The breadth was entirely in favor of buyers, with 26 gainers and 4 stocks being unchanged, and no decliners. More than half of the stocks rose by more than 1%. FPT, MWG, SSI, and VPB stood out with gains of 3% or more.
All sectors closed with brilliant green colors, except for the telecommunications group, which adjusted after previous positive gains, typically VGI (-0.98%), CTR (-0.3%), YEG (-3.72%), FOX (-2.06%), and FOC (-2.43%).
Meanwhile, the standout performance of FPT (+3.07%) and CMG (+2.37%) helped the information technology group gain 3%, leading the market in today’s explosive session. Next was the financial group, which contributed the most to the overall index due to its large capitalization. Stocks that surged with high liquidity included VPB, TCB, HDB, LPB, MBB, VIB, CTG, SSI, VCI, SHS, VND, etc. In addition, three other sectors also recorded gains of more than 1%, including materials, non-essential consumer goods, and industrials.
The VN-Index surged with more than 17 points and also broke above the SMA 200-day moving average. Moreover, the trading volume was above the 20-day average, indicating the return of active participation from cash flow. Currently, the Stochastic Oscillator indicator is giving a buying signal, and MACD also shows a similar signal after crossing above the Signal Line. If this state is maintained in the coming time, the situation will become even more optimistic.
II. TREND AND PRICE OSCILLATION ANALYSIS
VN-Index – Breaking above the SMA 200-day moving average
The VN-Index surged with more than 17 points and also broke above the SMA 200-day moving average. Moreover, the trading volume was above the 20-day average, indicating the return of active participation from cash flow.
At the moment, the Stochastic Oscillator indicator is giving a buying signal, and MACD also shows a similar signal after crossing above the Signal Line. If this state is maintained in the coming time, the situation will become even more optimistic.
HNX-Index – MACD indicator gives a buying signal again
The HNX-Index increased well and halted the consecutive losing streak. However, the trading volume needs to surpass the 20-day average to maintain optimism.
Currently, the Stochastic Oscillator indicator gives a buying signal, and MACD also shows a similar signal. If this state is sustained, the short-term optimistic outlook will be maintained.
Analysis of Cash Flow
Fluctuation of Smart Money Flow: The Negative Volume Index indicator of the VN-Index has cut above the EMA 20-day moving average. If this state continues in the next session, the risk of an unexpected downturn (thrust down) will be limited.
Fluctuation of Foreign Cash Flow: Foreign investors returned to net buying in the trading session on January 23, 2025. If foreign investors maintain this action in the coming sessions, the situation will become more optimistic.
III. MARKET STATISTICS FOR JANUARY 23, 2025
Economic Analysis & Market Strategy Division, Vietstock Consulting Department
– 17:09 23/01/2025
The Vietstock Daily: A Tentative Rise?
The VN-Index’s consecutive gains, coupled with below-average trading volumes, reflect investors’ cautious sentiment. This dynamic needs to change in upcoming sessions to sustain the upward trajectory. Notably, the Stochastic Oscillator has signaled a buy in the oversold region. If this buying signal persists and the index moves out of this region, the short-term outlook will turn even more positive.
The Cash Flow Comeback Before the Holidays
The VN-Index surged by over 17 points, crossing above the 200-day SMA. This significant jump was accompanied by a trading volume that exceeded the 20-day average, indicating a resurgence of active participation by investors. The Stochastic Oscillator and MACD both provide bullish signals, with the latter crossing above the Signal Line. Should this momentum be sustained, the outlook for the market is exceedingly positive.
The Ultimate Headline:
“Vietstock Daily: Halting the Uptrend”
The VN-Index stalled its upward trajectory with a sharp decline, dipping below the 200-day SMA. If, in upcoming sessions, the index falls below the Middle Band of the Bollinger Bands, the outlook turns decidedly bearish. However, the Stochastic Oscillator remains in bullish territory, and the MACD mirrors this sentiment, even hinting at a potential rise above the zero threshold. Should this materialize, it would alleviate the short-term downside risk.
The Power of Positive Thinking
The VN-Index surged after a period of consolidation around the 200-day SMA. Accompanied by a solid trading volume above the 20-day average, this indicates a positive shift in market sentiment. The Stochastic Oscillator and MACD are both generating buy signals, with the latter crossing above zero, suggesting a further boost to the already optimistic short-term outlook.
Market Beat: Afternoon Recovery Efforts See VN-Index Gain Almost 2 Points
The market rallied strongly in the first half of the morning session, with green dominating the screens. However, the momentum stalled, and a correction set in, allowing red to creep in. By the end of the session, despite a significant 461 gainers, including 51 stocks hitting the ceiling, there were also 304 decliners, of which 4 touched the floor.
