VN-Index Defies Selling Pressure: Banks and Securities Lead, Private Fund Momentum

Unexpected Resilience of VN-Index

VN-Index is maintaining its upward momentum despite continuous net selling by foreign investors, showing the inherent strength of the domestic market. From my market analysis experience that Bob Volman taught me, when an index can rise against selling pressure, this usually signals strong supporting factors are at work.

Banks and Securities: Two Main Pillars

Banking and securities stocks are playing leading roles in the market. Al Brooks taught me that when the financial sector is strong, this usually reflects positive expectations about economic growth and market liquidity. However, note the concerns about bank bad debt that I analyzed previously.

Momentum from Private Economic Development Fund

The emergence of the Private Economic Development Fund as a new market catalyst is noteworthy. With the TramNgo FX-Crypto Community, we understand that domestic capital flows can somewhat offset foreign capital withdrawals, creating new supply-demand balance.

Job Growth in Textile Industry