► Some stocks to watch on February 28
VN-Index maintains growth with the nearest support zone around the psychological mark of 1,300 points
The stock market had quite similar developments to the previous session. At the beginning of the session on February 27, VN-Index increased to 1,310 points with low liquidity, then continued to be under pressure to continuously test the support zone of 1,300 points. The market then increased well again with the focus on steel stocks. At the end of the trading session on February 27, VN-Index increased by 4.84 points (+0.37%) to 1,307.80 points, above the psychological price zone of 1,300 points. VN30 increased by 3.06 points (+0.22%) to 1,363.62 points, heading towards the resistance zone of 1,375 points, the highest price in October 2024.
The breadth on HOSE returned to positive with 188 stocks increasing in price, notably in steel, real estate, and agricultural stocks today. This shows that the market is trading quite actively, cash flow is still actively circulating, increasing quite dramatically in many stocks and groups of stocks; 122 stocks decreased in price, the adjustment pressure is relatively normal with liquidity decreasing when prices decrease; 60 stocks kept the reference price. The market is differentiated in the 1,300 point price range. Market liquidity increased well, above average with trading volume increasing by 19.1% compared to the previous session on HOSE. Foreign investors increased their net selling scale on HOSE in the session on February 27 with a value of -637.9 billion VND.
According to experts from Saigon - Hanoi Securities Company (SHS), in the short term, VN-Index maintains growth with the nearest support zone around the psychological level of 1,300 points. This is also the price zone that VN-Index has not been able to surpass since August 2022. After VN-Index surpassed the psychological resistance zone with liquidity exceeding the average level of 2024, the medium-term outlook of the market became more positive. In the short term, VN-Index is still under constant pressure to retest the price zone of 1,300 points, as well as create a new price base on the new liquidity base.
In the short term, the market is quite positively differentiated. Many short-term opportunities are circulating among industry groups. However, after 6 weeks of increasing in price from 1,220 points to 1,300 points, the VN-Index is strongly differentiated, and this is not an attractive price range to increase the investment proportion for many stocks. The VN-Index needs to have an accumulation period to create a new price base with liquidity at a new high level, higher than the average liquidity in 2024, equivalent to about 19,000 billion VND/session.
“Currently, the VN-Index is trying to overcome the long-term accumulation trend. Therefore, the market is increasingly looking for short-term investment and speculation opportunities, with the short-term stop loss raised around the support zone of 1,280 points following the growth trend of the VN-Index. Investors should maintain a reasonable proportion. The investment target is towards stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy ,” BVSC experts stated.
VN-Index may continue to increase and move towards challenging the resistance zone of 1,310-1,315 points.
According to the analysis team of Bao Viet Securities Company (BVSC), VN-Index may continue to increase and aim to challenge the resistance zone of 1,310-1,315 points in the last session of the week. The fact that the market maintains fluctuations above the resistance zone of 1,300 points at the end of February will be meaningful in helping the market move to a new, more positive fluctuation phase in the first half of 2025. Market developments in the last sessions of February will likely continue to occur with strong differentiation between stock groups, and cash flow will still rotate through stock groups to seek profits during this period.
“T+ trading activities can still be considered when the market fluctuates and corrects. Focus on buying in advance in groups of stocks that have not increased or are accumulating again in support zones. However, investors should still control the proportion of short-term positions and limit increasing the proportion of the total portfolio at the present time,” BVSC experts noted.
According to experts from Kien Thiet Securities Company (CSI), VN-Index regained green after 2 previous slight correction sessions. The notable point is that liquidity increased, setting a new peak in 2025 with a strong increase in matched volume (+32.8%) compared to the average of 20 sessions. In addition, VN-Index closed at the highest level and conquered the first resistance level of the expected resistance level of 1,307 - 1,327 points. This is a signal showing that demand increased strongly, absorbing all the profit-taking selling pressure of the previous 2 sessions.
CSI believes that VN-Index has a high probability of continuing to maintain the bullish signal to conquer the final resistance level of 1,327 points of the expected resistance level above.
“The VN-Index will have a strong fluctuation after testing the resistance level of 1,327 points to reach the support level of 1,290 points and then return to conquer the threshold of 1,360 points. Therefore, investors should take profit when the VN-Index reaches the above resistance level and patiently wait for the support level of 1,290 points to buy back,” CSI experts recommended.
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