Markets

The VN-Index's ascent narrowed amid sustained above-average trading volumes. This indicates persistent selling pressure as the index retests the old peak from December 2024 (around 1,270-1,285 points). Unless this dynamic changes in upcoming sessions, breaking out of this range seems unlikely. Notably, the Stochastic Oscillator is venturing deeper into overbought territory. Should a sell signal emerge and push the index out of this region, the risk of a downward correction heightens.

The VN-Index rebounded after a previous sharp decline, with trading volume remaining above the 20-day average. This indicates that investors are still actively trading. However, selling pressure at the old peak in December 2024 (corresponding to the 1,270-1,280-point range) remains strong. To sustain the upward momentum, the index needs to surpass this range. Currently, the MACD indicator is still showing a buy signal and is above the zero threshold. If this condition persists in the coming period, risks will be mitigated.

The VN-Index retreated with below-average trading volume, indicating investor caution as the index nears its December 2024 peak (1,270-1,280 points). Additionally, the Stochastic Oscillator has signaled a sell-off in overbought territory, suggesting heightened short-term adjustment risks if the indicator falls from these levels.

The VN-Index continued its upward trajectory, marking three consecutive weeks of gains since crossing above the 200-week SMA. Accompanying this rise is a surge in trading volume, which has exceeded the 20-week average since mid-November 2024. This indicates a positive shift in market participation. At present, the MACD indicator has just triggered a buy signal, crossing above the signal line. Should this momentum be sustained, the short-term outlook remains optimistic.

The VN-Index surged, closely hugging the upper band of the Bollinger Bands, reflecting a highly optimistic investor sentiment. The index has surpassed its previous peak of 1270-1285 points from December 2024 and is now approaching the crucial resistance level of 1300 points. A breakthrough above this level would further enhance the positive outlook. However, the Stochastic Oscillator indicator is venturing deep into overbought territory. Investors are advised to exercise caution in the coming period, as a potential sell signal from the indicator could trigger a shift in market dynamics.

The market closed with notable losses, as the VN-Index dipped by 11.94 points (-0.94%) to close at 1,263.26, while the HNX-Index fell by 1.52 points (-0.66%), settling at 227.97. The market breadth was overwhelmingly bearish, with 489 declining stocks outweighing 270 advancing stocks. Within the large-cap VN30 basket, bears held the edge, as evidenced by 16 tickers in the red versus 9 in the green, while 5 remained unchanged.

The surge in the trade deficit in December could bolster the case for Trump 2.0's protectionist policies. With a widening gap between imports and exports, the data highlights a potential vulnerability in the nation's economic health, providing ammunition to those advocating for a more guarded approach to international trade.

The Lunar New Year of the Snake 2025 witnessed an increase in consumer spending, yet prices for essential goods remained relatively stable. The market steadied amidst a shift in consumer behavior, with a growing trend towards mindful spending.

The market ended the session on a positive note, with the VN-Index climbing 1.01 points (0.08%) to reach 1,270.9. Similarly, the HNX-Index witnessed a rise of 1 point (0.44%), closing at 226.5. The market breadth tilted in favor of gainers, as 420 stocks advanced against 294 decliners. The VN30 basket also painted a bullish picture, with 14 constituents in the green, 11 in the red, and 5 remaining unchanged.

Some localities have adjusted healthcare, transportation, and food prices, resulting in a higher CPI for January 2025. The increase is attributed to the rising demand for these services and goods during the Lunar New Year holiday.