Markets

The VN-Index witnessed a positive trading week, surging above the Middle Bollinger Band and firmly holding above the 50-week SMA. However, trading volume has remained below the 20-week average since November 2024, indicating a lack of significant participation from investors. If upcoming sessions witness an improvement in liquidity, the index could potentially target the old peak of October 2024, which lies in the 1,285-1,300 point range.

The market was poised for a significant downturn as the VN-Index briefly dipped below the 1,250-point threshold amid mounting pressures in the afternoon session. However, a surge of buying momentum from 2:20 pm onwards helped indices pare their losses, resulting in a less pessimistic close.

The market closed on December 26th with little change and lower liquidity compared to recent sessions. Of the three main indices, the VN-Index and UPCoM-Index fell 1.17 points to 1,272.87 and 0.18 points to 94.41, respectively, while the HNX-Index edged up 0.09 points to 229.90.

Despite a negative mid-session turn, the market recovered to close near reference levels today. The VN-Index ended at 1,260 points, a minor loss of 2.4 points, while the HNX-Index dipped 0.15 points to 228.36 points.

The VN-Index witnessed a slight dip as trading volumes fell below the 20-day average, indicating a cautious investor sentiment following a strong previous rally. However, a key technical indicator, the MACD, has turned positive, crossing above the Signal Line, and the Stochastic Oscillator is also flashing a similar signal. Should this status quo persist in the upcoming sessions, the outlook may not be as pessimistic as some might believe.

The Vietnam police have made a significant breakthrough in their fight against illegal fireworks, with the recent arrest of individuals involved in transporting and storing over 10 tons of explosive fireworks.

The Vietnamese market is witnessing a surge in popularity of certain car models that offer an incredible blend of performance, features, and affordability. These vehicles, often referred to as the "best bang for your buck," have captured the hearts of many car enthusiasts in the country. With their impressive specifications and wallet-friendly price tags, they present a tempting proposition for anyone seeking a reliable and exciting driving experience without breaking the bank.

The festive season is upon us, and the capital's residents are gearing up for their Christmas shopping. With a tendency towards prudent spending, many are on the lookout for affordable yet festive options. Mini fresh pine trees, Son Tung, fragrant cedar, and other needle-bearing trees are popular choices for those seeking to decorate their homes without breaking the bank.

Former VAMA Secretary General, Mr. Vu Tan Cong, attributed TMT Motors' failure with the Wuling Mini EV to a multitude of factors. For the company to succeed in the future, he emphasized the importance of hiring competent experts to devise a robust strategy.

Former VAMA Secretary General, Mr. Vu Tan Cong, attributed TMT Motors' failure with the Wuling Mini EV to a multitude of factors. For the company to succeed in the future, he emphasized the importance of hiring competent experts to devise a robust strategy.