Recorded the strongest increase in history, VN-Index increased by 74 points

VN-Index recorded the strongest increase ever

Most stocks on the market opened in purple as they hit the ceiling. The general index almost did not change its increase amplitude but remained stable at around 6.6%. Ceiling price buy orders for each stock were very large, however, market liquidity only reached 4,986 billion VND due to no sell orders. This is considered the strongest increase in the past 15 years.

In the afternoon session, VN-Index maintained its increase and active demand continued to buy at ceiling prices, however, trading liquidity in the afternoon session alone increased by only VND1,259. The VN30 group of stocks recorded a ceiling increase for all 30 stocks, also reaching a record increase of 6.9%. Foreign investors returned to net selling VND839.55 billion, mainly selling KBC and TLG. At the end of the session, VN-Index closed at 1,168.34 points, up 74.06 points, equivalent to 6.77%.

Technical analysis, VCBS believes that, in the 1H frame, the MACD indicator has created a crossover point to the signal line, creating the first bottom and the RSI has also escaped the oversold zone and returned to an uptrend, showing superior demand, helping the index recover. The CMF indicator = 0.17 shows that the cash flow is returning strongly to the market.

On the 1D chart, VN-Index closed with the breakaway gap that opened at the beginning of the session, completing the inverted hammer reversal pattern and confirming a short-term bottom. Trading volume dropped sharply, only 1/3 of the 20-day average. The uptrend is expected to return after today's record increase.

Regarding trading strategy, VCBS said that with positive information about tariffs from the US, the Vietnamese stock market recorded the strongest increase in history with purple across the board. VN-Index maintained a steady increase throughout the session with ceiling buy volume increasing gradually from the beginning to the end of the session. With the current state of the market, if investors have disbursed early and have a proportion of stocks in their portfolio, they can continue to monitor the market strength in the coming sessions. As for investors holding 100% cash, they can wait for the strength differentiation between stock groups in the coming sessions to choose to open a disbursement position later.

Some other analyses said that VN-Index formed a Hammer candle, signaling a strong reversal. A large buying force was brought into the market but the sellers did not "release" their goods, causing market liquidity to decline. The recovery potential is still maintained in the next few sessions when most codes were continuously sold at the floor price in the previous 4 sessions. However, investor sentiment is still heavily dependent on the progress of tax negotiations with the US, so the market is still likely to fluctuate strongly. Investors are still recommended to prioritize risk management during this period.

Source: https://thoibaonganhang.vn/ghi-nhan-phien-tang-manh-nhat-lich-su-vn-index-tang-74-diem-162594.html