MARKET INSIGHTS_28082025
28/08/2025
SUMMARY OF KEY POINTS IN THE REPORT
The VN-Index closed the trading session forming a “Small Black Candle” pattern.
Trading volume decreased and remained below the 20-day average. Theoretically, a decline in both price and volume is not a bearish pattern supported by volume – therefore, this is not an overly negative signal.
Key highlights:
(i) Foreign investors recorded a net sell of over VND 2,931 billion (across all three exchanges).
Top net-buy stocks by foreign investors: PDR, CII, NKG, NVL, DIG, VNM, TCB, VCG, HDC, BMP…
Top net-sell stocks: HPG, VPB, FPT, MSN, MWG, SSI, CTG, VIX, KBC, DGC…
We observe that Dragon Capital and Fubon funds are currently experiencing net redemptions.
(ii) The VN-Index showed indecisive movement with both upward and downward attempts, eventually closing slightly lower – still a positive signal in the current context.
Statistically, over the past 23 years (up to 2023), the VN-Index has increased only 8 times during the week immediately following the National Day holiday (Sept 2), while declining 15 times.
In the past 5 years, there has been only one post-holiday increase (in 2021). In 2023 and 2024, the index declined.
However, looking at the broader trend for September, the market tends to perform better, with the VN-Index rising 14 times out of 23 years, equivalent to a >60% probability.
In terms of trading behavior, capital flow appears to be shifting into real estate stocks, aligning with the 2021 market cycle that we expect could repeat.
Stocks with strong capital inflows today: BMP, NKG, HSG…
Stocks showing accumulation signals: TLG, PVD, PVT, DPG…
(Note: Historically, TLG tends to perform well during the back-to-school season.)
According to Price Action analysis on VN30, there are:
- 04 stocks with buy signals,
- 10 stocks with sell signals, and
- 16 stocks moving sideways.
Positive signals were observed in TPB, SHB, BID, STB…
Based on quantitative statistics, with today’s pattern:
- The next trading session has a 50% probability of a decline, and
- A 34.76% chance that the closing price will be higher than the opening price.
Historically, this setup indicates an unclear direction for the next session (Thursday), with a closing price likely lower than the opening.
Support level: 1,600 points
Resistance level: 1,700 points
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