HÀ NỘI — The domestic stock market is expected to remain volatile in this week's coming sessions, with the VN-Index consolidating above the 1,730-point support level amid subdued liquidity and a lack of consensus in money flows across stock groups.

Securities firms have identified the 1,720–1,740-point range as a key area for the benchmark in the short term, with market views differing on the likelihood of a recovery and the risk of further correction.

The market experienced a choppy week last week. Selling pressure intensified at the beginning of the week, briefly pushing the VN-Index towards 1,700 points, before bargain hunting helped the index recover. 

However, renewed selling pressure prevented the market from establishing a clear direction.

The VN-Index, representing the Hochiminh Stock Exchange (HoSE), ended the week at 1,734.93 points, up 9.57 points. 

In contrast, the HNX-Index on the Hanoi Stock Exchange (HNX) fell 1.75 points to 254.98 points.

Liquidity continued to weaken. Average matched trading volume on the HoSE reached around 710 million shares per session, down nearly 15 per cent from the previous week. Average trading value exceeded VNĐ15 trillion (US$ 583 million) per session, a decline of more than 11 per cent.

Foreign investors remained net sellers, recording combined net sales of more than VNĐ878 billion on the two main exchanges. Net selling amounted to more than VNĐ807 billion on HoSE and VNĐ71 billion on HNX.

According to Bao Viet Securities (BVSC), the VN-Index remains in an upward trend, although its momentum is showing signs of weakening. The benchmark is retesting support at 1,720–1,730 points, while resistance is located at 1,755–1,765 points.

BIDV Securities (BSC) said the VN-Index had yet to break out of its symmetrical triangle pattern, indicating that the narrowing trading range and the formation of a price base around 1,725 points were continuing.

Saigon-Hanoi Securities (SHS) said the benchmark was consolidating within a narrow range above support around 1,730 points. 

However, the VN30-Index, tracking the 30 biggest stocks on HoSE, remained in a downtrend below resistance at its 20-session moving average.

SHS advised investors to maintain a reasonable portfolio allocation and consider increasing their exposure when the broader market moves above the downtrend line that has extended from September 2026.

Thien Viet Securities (TVS) expects the VN-Index to consolidate within the 1,720–1,740-point range in the coming sessions. 

The company noted that volatility around the 1,730–1,740-point support area intensified towards the end of last Friday’s session, while trading volume remained low.

Yuanta Vietnam Securities (YSVN) said buying demand remained cautious as HOSE liquidity continued to be subdued.

The securities firm said the scenario of the VN-Index recovering to 1,750–1,780 points remained possible, but investors should monitor whether the benchmark can hold the 1,710–1,720-point range.

Vietcombank Securities (VCBS) offered a more positive assessment, saying daily technical indicators showed that active buying flows remained in place.

The VN-Index was testing support around 1,735 points and had shown signs of recovery. However, hourly chart indicators suggested that alternating gains and losses could continue around this level.

Meanwhile, SSI Securities Corporation (SSI) said the benchmark was retreating to retest the 1,730–1,735-point range, with trading liquidity below its 20-session average.

If the index fails to hold this area, selling pressure could extend the correction towards 1,700–1,720 points. — BIZHUB/VNS