Vietnamese Stock Market September 4, 2025: VN-Index Approaches 1,700 Points Amid Tug-of-War Session

Market in Psychological Testing Phase

From the perspective of a trader who has monitored Vietnamese stock markets for years, I see the September 4, 2025 trading session with VN-Index rising 15 points (+0.89%) to 1,696.29 points as meaningful. The index approaching the 1,700-point mark - an important psychological threshold - amid tug-of-war conditions shows the market is in a phase testing investor patience.

Looking back at my journey from losing $1000 in forex, I learned that trading sessions with narrow fluctuations but still maintaining upward trends usually reflect balance between selling pressure and buying power. Al Brooks once taught me that when markets approach important resistance levels, hesitation and caution are natural.

Analyzing Intraday Movements

VN-Index dropping nearly 3 points to 1,678 points in the morning session then recovering strongly thanks to steel and real estate groups shows clear market differentiation. Bob Volman once emphasized the importance of reading market sentiment through intraday trading sessions like this.

Luna, my ragdoll cat, often has moments of hesitation before deciding to jump to high places. Current markets are similar - carefully considering before crossing the important 1,700-point threshold.

Sector Bright Spots

In TramNgo FX-Crypto Community, I often share about the importance of identifying sector rotation. Today, the steel group emerged as a bright spot with Hoa Sen and Nam Kim both hitting ceiling prices and Hoa Phat rising 6%. This may reflect expectations about recovery in construction and infrastructure demand.

Mid and small-cap real estate groups exploded with TCH hitting ceiling, HHS rising over 4%, showing money flow seeking opportunities in segments with more attractive valuations compared to large caps like VHM and VIC which adjusted down slightly.

Technical Analysis and Warning Signals