How is the current VN-Index level of 1,300 points different from before?

(NLĐO) – The psychological threshold of 1,300 points for the VN-Index this time is not a significant obstacle; the market decline is an opportunity for investors to increase their stock holdings.

During the trading session on March 4th, stock market investors breathed a sigh of relief as the VN-Index continued to hold firm at the 1,300-point mark, despite strong fluctuations during the session. At one point, the VN-Index dropped sharply to 1,298 points, before capital inflows pulled the index back up and closed at its highest point of the session, reaching 1,311.91 points, an increase of 2.54 points compared to the previous session.

Market liquidity surged as the trading value on the HOSE exchange alone exceeded 23,100 billion VND, significantly higher than the previous session. Stock groups that positively impacted the market included TCB, CTG, MBB, MSN, GVR, HVN, etc.

Despite net selling by foreign investors for nine consecutive sessions, the VN-Index remained stable above the 1,300-point mark thanks to strong capital inflows from individual investors and proprietary trading desks of securities companies.

In its latest report, Dragon Capital noted that the 1,300-point mark on the Vietnamese stock market this time is different, as it has maintained this level for about a week. This is the third time the market has returned to this level after the important milestones in June 2022 and 2024.

"This reflects the euphoric sentiment of investors, but also raises questions about the sustainability of the upward trend in the current context. Compared to previous occasions, the current economic environment in Vietnam has many positive supporting factors," said a Dragon Capital expert.

According to this investment fund, the government is pushing for lower interest rates to stimulate growth. Many banks have already adjusted their deposit interest rates across all maturities following the Prime Minister 's directive, indicating a loosening of monetary policy.

The stock market continues to thrive with a surge in liquidity.

Public investment – ​​one of the main drivers of growth – is being strongly implemented by the Government in key projects right from the beginning of the year. 2025 is not only the completion date for key national infrastructure projects in the 2021-2025 period, but also plays a pivotal role in strategic projects for the 2026-2030 period, contributing to a transformation of the country's economic position.

In addition, the KRX trading system is expected to be launched in Q2/2025, paving the way for a potential market upgrade in September of the same year. This could create momentum to attract foreign capital back into the market.

The VN-Index has remained above the 1,300-point mark for more than 5 days, with average trading value on the HoSE reaching over 18,000 billion VND per session. This is a positive sign, indicating that capital is gradually returning to the market.

Dragon Capital's experts commented: "With these factors, the psychological threshold of 1,300 points is not a significant obstacle. The policy framework is being aggressively promoted, coupled with strong commitments from the Government, significantly restoring business confidence. This will create a favorable foundation for the market's breakthrough in 2025 and beyond."

Foreign investors sold net for the ninth consecutive session, but the VN-Index still held firm above the 1,300-point mark.

Although global trade policies may cause short-term fluctuations, with a solid domestic economy, external factors are only temporary and do not alter the market's growth trend. Therefore, according to Dragon Capital, instead of being overly cautious, investors should take advantage of these opportunities to increase their investment allocation in a reasonable manner.

Source: https://nld.com.vn/1300-diem-cua-vn-index-hien-nay-khac-truoc-nhu-the-nao-196250304152355129.htm