Markets

The VN-Index extended its recovery efforts from the latter half of the morning session into the afternoon, posting a gain of 3.44 points to close at 1,270.35 on February 13. This came despite a notable corrective phase just before 2 pm. The HNX-Index and UPCoM also ended the session in positive territory, with the former climbing 0.2 points to 229.52 and the latter advancing 0.93 points to 97.74.

The VN-Index managed to stay in the green at the end of a volatile and tug-of-war afternoon session. While the market opened with a broad rally, it turned slightly "redder" as the session drew to a close.

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.

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