Many investors may choose to take profits when the VN-Index of the Hochiminh Stock Exchange hovers around the 1,300-point level. However, historical data indicated that March often sees a strong market performance, meaning the market could continue rising despite uncertainties. Breaking through 1,300 points After five consecutive winning weeks, the VN-Index successfully surpassed the 1,300-point mark on February 24, the first trading day of the week. This marked the sixth straight session of gains, taking the index to 1,304 points, its highest level since June 2022. This sparked investor excitement. Alongside the index’s rise, trading volume surged, with nearly 807.7 million shares traded on HOSE, the highest since December 5, 2024. This indicates that many investors are capitalizing on profits as the market retests the 1,300-point level. Historically, the VN-Index has struggled to sustain gains above 1,300 points, often entering a correction phase after touching this level. Adding to investor caution, the sell-off in the U.S. stock market on February 21 has weighed on sentiment. The Dow Jones tumbled nearly 750 points, marking its worst trading day of 2025 amid concerns over sluggish economic growth and persistent inflation. Market anxiety grew after the University of Michigan’s Consumer Sentiment Index fell […]
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