Will stocks continue their rally?

Some are happy, some are sad

The stock market in the last week of August before the country entered the September 2nd holiday had many fluctuations but still closed at a high level. The VN-Index recorded an increase of 2.23% during the week and closed August at 1,682.21 points; the HNX-Index also increased by 2.75% and currently stands at 279.98 points.

In just one week, investors who own a series of stocks SSI, VCI, VND, AGR, ORS, TVB, SHS, VDS... made a fortune with an increase of 15 - 20%. Sharing in a close investment group, Ms. Hong Anh (HCMC) said that she was lucky to "jump on the train" of SSI. She said that after selling at the end of July at a price of over 32,000 VND/share, she planned to wait for the market to adjust to buy back, but unexpectedly many stocks continued to increase. Too impatient, she decided to buy back SSI at 36,000 VND and this stock has surpassed 42,000 VND. "If the stock market is trading strongly, the stock market will continue to increase, so I will consider holding it longer this time," she shared.

Chứng khoán có nối dài những ngày tăng?- Ảnh 1. — The stock market still maintains a medium and long-term upward trend.

The recent sharp increase in stocks has brought sweet fruits to many investors. On the contrary, the hot market has also made many people regret "missing the wave". Investor TM shared that after holdingSHB shares for many months with a cost price of nearly 13,000 VND/share, at the end of July, he also sold them when the price increased to nearly 17,000 VND. Although he made a profit, he still regretted that this stock continued to increase beyond the threshold of 20,000 VND. That was also the feeling of Ms. NH when selling LVP shares, although she closed the profit of 20% as the target, but after she sold, the price of this stock continued to increase sharply, to date far exceeding the mark when she sold.

The psychology of waiting for the market to correct after a period of high growth is currently appearing in many individual investors. In the last week of August, liquidity on the HOSE floor recorded a decrease of about 25% compared to the first 3 weeks of the month, from around 60,000 billion VND/session to about 40,000 billion VND/session, showing some caution of investors when the general index approached the threshold of 1,700 points. In particular, the hesitation became more pronounced when foreign investors also increased their net selling with the value of the whole month of August reaching more than 41,000 billion VND.

The cash flow into the stock market is very strong and remains above VND40,000 billion per session. In addition, the possibility that the stock market will be upgraded this year, along with Vietnam's economic growth remaining high, or the Government is about to test a digital currency exchange... are information that will support the market to go up.

Mr. Huynh Anh Tuan, Director of Vikki Digital Banking Securities Company

However, Mr. Huynh Anh Tuan, Director of Vikki Digital Banking Securities Company, said that the cash flow into stocks is very strong and still maintains over 40,000 billion VND per session. In addition, the possibility that the stock market will be upgraded this year, along with Vietnam's economic growth remaining high, or the Government is about to test a cryptocurrency exchange... are information that will support the market to go up. "The market will have adjustment sessions, but that is also an opportunity for investors to participate and buy stocks with growth," said Mr. Tuan.

WHICH STOCKS TO CHOOSE?

Mr. Dinh Minh Tri, Director of Analysis - Individual Clients, Mirae Asset VN Securities Company, forecasts that in September, the stock market will continue its growth story because there is a lot of supporting information. That is the story of the US Federal Reserve (Fed) which is expected to cut interest rates at its meeting in mid-September. If the Fed cuts interest rates, the USD/VND exchange rate will likely reduce pressure and have a positive impact on foreign transactions. In addition, the upgrade assessment has more clear information with the expectation that it will be announced in early October. This will also help reduce net selling by foreign investors, and even potentially attract more new foreign capital flows to the market.

Chứng khoán có nối dài những ngày tăng?- Ảnh 2. — Whether to buy or sell stocks after the September 2nd holiday is a concern for many investors after the market's high growth period.

In addition, listed companies will estimate their business results for the third quarter of 2025, with many units expected to continue to grow strongly. Similarly, with loose monetary policies to support economic growth, bank profits are also estimated to increase by over 20% for the whole year...

From those analyses, Mr. Dinh Minh Tri said that there will be 5 quite active industry groups from now until the end of the year and investors can consider including securities; banking; construction, installation, and steel enterprises that have positive activities following the growth cycle of the real estate market and the Government's promotion of public investment. The fourth is the export industry group when many industries still maintain double-digit growth. Finally, the retail group. When the economy grows strongly with a target of over 8% for the whole year of 2025, domestic consumption activities will also be more bustling...

Mr. Phan Dung Khanh, Investment Consulting Director of Maybank Investment Bank, also cautiously commented that after the September 2nd holiday, the possibility of VN-Index surpassing the resistance level of 1,680 - 1,690 points in the short term is quite low. This is a strong resistance zone when VN-Index has touched it several times but had to turn back down. However, the medium and long-term uptrend of the stock market is still maintained and from now until the end of the year, VN-Index may surpass the 1,700 point threshold to reach a new higher record, even surpassing 1,750 points. Therefore, in the short term, market correction is normal and this is necessary to create a more solid uptrend in the medium term.

Mr. Phan Dung Khanh emphasized that investors who tend to maintain their medium-term position should hold stocks, and when the market declines, they should consider buying more and not sell. If they follow the short-term surfing style, when the VN-Index cannot surpass the threshold of 1,680 - 1,690 points, they should wait to sell and then buy back, and should limit the use of borrowed capital (margin). Stocks with advantages in the near future include finance - banking, securities, real estate, consumer goods, raw materials, energy and transportation. However, the increase in the financial group may slow down due to the high increase in the recent period.

Yuanta Vietnam Securities Company believes that the market may correct in the next session (September 3). At the same time, selling pressure still shows signs of dominating and trading volume is still below the 20-session average, indicating that cash flow is still weakening. In addition, the sentiment indicator has increased back to the optimistic zone, but the optimistic trend is not clear.

Short-term strategy (less than 1 month), the short-term trend of the general market is still down. Therefore, investors can continue to hold a low proportion of stocks and limit new purchases during this period.

Medium-term strategy (1-5 months): VN-Index closed the week at 1,682 points with liquidity of more than 6.7 billion units, exceeding the 20-week average. This is the 6th consecutive week of increase, the index reached its highest peak in more than 3 years. The MA lines are all pointing up, reinforcing the medium- and long-term uptrend. Therefore, investors can continue to hold a high proportion of stocks and limit buying during this period.

Source: https://thanhnien.vn/chung-khoan-co-noi-dai-nhung-ngay-tang-185250902204213775.htm