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The Stock Market Week of February 17-21, 2025: Navigating Intensifying Foreign Investor Pressure

23 February, 2025

I. VIETNAM STOCK MARKET WEEK 17-21/02/2025

Trading: At the end of the trading session on February 21st, the VN-Index slightly increased by 0.29% from the previous session, reaching 1,296.75 points; while the HNX-Index ended its gaining streak with a decrease of 0.19%, settling at 237.57 points. For the whole week, the VN-Index gained a total of 20.67 points (+1.62%), and the HNX-Index rose by 6.35 points (+2.75%).

The Vietnamese stock market maintained its positive trend with 4 out of 5 gaining sessions last week. Active cash flow continued to seek opportunities in small and medium-cap stocks, while large-cap stocks played a supportive role, helping the VN-Index approach the historical peak of 1,300 points. However, the hesitant sentiment was also quite evident in the last two sessions as the index neared this resistance level. The VN-Index ended the week at the 1,296.75-point threshold.

In terms of impact, VCB was the main pillar supporting the market today, contributing nearly 2 points to the gain. In addition, CTG, BCM, and MWG also added 2 points, helping the index maintain its green status in the final session of the week. On the other hand, there was no particular stock that exerted significant pressure, with FPT being the most negatively influential stock, but it only took away less than half a point from the VN-Index.

The red color prevailed when considering the sector indices. Information Technology and Energy were the two sectors at the bottom of the table, with a decrease of around 0.7%. This was mainly due to the adjustment pressure from FPT (-0.7%), CMG (-0.45%); BSR (-0.49%), PVD (-1.03%), PVS (-0.58%), PVC (-1.75%), and PVB (-1.42%).

In contrast, the Non-essential Consumer Goods and Financials sectors maintained their green status quite well, with notable contributions from MWG (+2.47%), GEE (+2.82%), TLG (+3.13%), PRT (+6.36%); VCB (+1.53%), CTG (+1.59%), VPB (+1.3%), and BVH (+1.93%). Nevertheless, many stocks still faced adjustment pressure, typically FRT (-2.39%), DRC (-1.03%), MSH (-0.49%); EIB (-1.22%), TPB (-0.58%), NVB (-1.72%), SHS (-1.39%), MBS (-1.04%), etc.

The remaining sectors showed clear differentiation, as most sector indices fluctuated around the reference level with a low amplitude.

Foreign investors maintained their net selling position with a value of nearly VND 863 billion on both exchanges last week. Specifically, they net sold over VND 983 billion on the HOSE and net bought more than VND 120 billion on the HNX.

Trading value of foreign investors on HOSE, HNX, and UPCOM by day. Unit: VND billion

Net trading value by stock ticker. Unit: VND billion

Stocks with significant increases last week: YBM

YBM rose by 38.84%: YBM witnessed a vibrant trading week, surging by 38.84%. The stock continuously soared with the emergence of a Rising Window candlestick pattern. Moreover, the trading volume remained above the 20-day average, indicating very active participation from cash flow.

However, the Stochastic Oscillator indicator is now deep into the overbought zone and may soon signal a sell-off. If this occurs, the risk of adjustment will increase.

Stocks with significant decreases last week: KPF

KPF fell by 21.47%: KPF experienced a negative trading week, recording losses in 4 out of 5 sessions, with the appearance of Black Marubozu and Falling Window candlestick patterns. Additionally, the trading volume consistently remained above the 20-day average, signifying strong selling pressure on this stock.

At present, the Stochastic Oscillator indicator continues to decline after giving a sell signal, and the MACD indicator provides a similar signal, even cutting below the zero line. This suggests that the short-term adjustment risk remains.

II. STOCK MARKET STATISTICS FOR LAST WEEK