Statistics on trading on the HOSE floor last week showed that the VN-Index had 4 increasing sessions and 1 decreasing sessions. At the end of the trading week, the VN-Index increased by 15.53 points, equivalent to 1.13% to 1,386.97 points.
Liquidity remains active, with total trading value on the HOSE floor reaching VND116,223 billion for the whole week, up 8.5% compared to the previous week.
Regarding the index, on the HNX floor, there were 2 sessions of decrease and 3 sessions of increase. In total, the HNX-Index ended the week at 232.51 points, up 4.7 points, equivalent to an increase of 2.06% compared to the previous week.
Regarding liquidity, the total transaction value for the whole week on the HNX floor reached VND 8,711 billion, slightly up compared to last week.
Last trading week, the stock market received initial information about Vietnam - US tariff negotiations with a relatively positive sentiment. After a period of accumulation, the group of securities stocks also rebounded and the last trading session of the week witnessed a "joint start" day for real estate stocks.
Stocks last week recorded many positive sessions. (Illustration photo).
According to VNDirect Securities Corporation, the Vietnamese stock market experienced a series of consecutive increases in the first three sessions of the week thanks to positive information about the Vietnam-US trade negotiations with more “affordable” reciprocal tariffs for Vietnam. Some export-related industries such as seafood and textiles saw impressive gains.
" We consider this a success for Vietnam as the third country to reach a trade agreement with the United States before the July 9 deadline, avoiding the 46% reciprocal tax rate. The 20% tax rate is considered relatively preferential compared to the 55% rate applied to China, thereby helping to maintain the competitiveness of Vietnamese exports.
At the same time, this agreement helps reduce uncertainty and creates conditions for businesses and FDI in Vietnam to flexibly adjust their strategies to suit the new situation. Nike shares increased by 3.6%, Under Armor increased by 2.3%, after information about the agreement, showing the positive reaction of foreign investors to the results of this preliminary negotiation, "said Mr. Dinh Quang Hinh - Head of Macro and Market Strategy, VNDirect Securities Joint Stock Company.
The market corrected slightly in the session on Thursday when the “news release effect” promoted profit-taking activities of investors. However, the market quickly regained its upward momentum in the last session of the week with the support of technology stocks.
At the same time, the securities group also had a positive trading week thanks to expectations for a market upgrade. Foreign investors were also a bright spot last week when they recorded a large net buying value in the last three sessions of the week. At the end of the week, the VN-Index increased slightly by 1.1%.
Up or down next week?
Experts from Vietnam Construction Securities Company (CSI) commented that although the market continues to maintain a positive growth momentum, the index has approximately the resistance zone of 1,398 - 1,418 points. Therefore, it is possible that the VN-Index will have a correction in the near future.
Next week VN - Index is heading towards the strong resistance zone of 1,400 points.
Analysts from SHS Securities Company also forecast that the short-term trend of VN-Index will maintain growth above the support zone of 1,350 points. However, the VN-Index and VN30-Index are in a short-term overbought state. VN-Index is under correction pressure at the price zone of 1,400 points, which are strong resistance zones and historical peaks.
" The current 1,400-point threshold is not only a technical resistance zone, but also a sensitive psychological threshold. Investors need to prioritize restructuring their portfolios in a sustainable direction. A reasonable strategy is to maintain a moderate proportion, prioritize basic stocks, reasonable valuations and benefit from the recovery cycle ," SHS said.
Meanwhile, VNDirect Securities Corporation commented that in the coming trading week, the market will gradually shift its attention to the second quarter business results of listed companies. Regarding market trends, VNDirect maintains its assessment from two weeks ago that the VN-Index is in a short-term uptrend towards the strong resistance zone of 1,400 points.
With a positive macroeconomic context when Vietnam's GDP growth in the first 6 months of 2025 could reach the highest level in nearly 20 years, approximately 7.5-7.6%, 6-month exports increased by about 14.4%, total social investment in the first 6 months increased by 9.8%, realized FDI in the first 6 months increased by 8.1% and especially credit growth as of June 26 reached 8.3%, the picture of the market's second quarter business results will have many bright colors.
" In that context, investors can take advantage of the shaky and adjusted sessions to restructure their investment portfolios, increasing the proportion of industry groups with positive business results prospects in the second quarter such as banking, securities, consumer and retail ," VNDirect said.
Source: https://vtcnews.vn/chung-khoan-tuan-toi-tang-hay-giam-ar952965.html
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