VN-Index approaches resistance level.

Right from the start of the morning session, the VN-Index opened very positively. This positive momentum helped the index maintain its performance throughout the session and surged strongly in the afternoon, closing near its highest point of the day.

At the close of trading, the VN-Index stood at 1,269 points, up 19.43 points (+1.55%), breaking through the strong resistance zone around 1,265 points. Meanwhile, the VN30 surged 26.30 points (+1.99%) to 1,351.10 points, surpassing the price at the start of the sharp decline due to the imposition of tariffs, and retesting the 1,360-1,380 point resistance zone before the sharp drop.

Market liquidity improved, with trading volume on HoSE reaching 780 million shares, equivalent to a value of nearly 18,184 billion VND.

Market breadth heavily favored buyers, with 230 stocks rising, 92 Vietnamese stocks falling, and 49 remaining unchanged. Significant recoveries were seen in the industrial park, rubber, oil and gas, real estate, and technology sectors; 92 stocks declined due to correction pressure in the port, fertilizer, and agriculture sectors, while 49 stocks remained at their reference prices.

The growth momentum came from key stocks such as VIC (+4.64 points), GVR (+1.62 points), andFPT (+1.61 points). Conversely, HVN and BWE exerted slight downward pressure on the index, with impacts of -0.13 points and -0.09 points respectively.

Notably, foreign investors continued their net buying trend for the fourth consecutive session, with a total value exceeding 246 billion VND. Buying pressure was concentrated on large-cap stocks such as VIC (+145 billion VND), MBB (+120 billion VND), HPG (+103 billion VND), etc. Meanwhile, net selling was mainly recorded in VHM (-283 billion VND), VCB (-60 billion VND), and SSI (-52 billion VND).

The market is in a recovery phase, showing better recovery than before the initial tariff negotiations with the US. Currently, the total market capitalization is approximately $282 billion. Although many stocks still have relatively reasonable price ranges compared to their fundamentals, the market is recovering back to the price levels seen on the trading day when the tariffs were announced.

SHS Securities believes that this is not an attractive price range to consider for further investment. Investment positions should be selected more carefully, depending on the growth prospects at the current price level.