The stock market is approaching its historic peak of 1,500, with positive support from cash flow - Photo: AI drawing
FOMO psychology appears, limit buying hot stocks
Speaking to Tuoi Tre Online , Mr. Nguyen Anh Khoa, director of analysis and research at Agribank Securities (Agriseco), said that the VN-Index has experienced three sessions of wide increases, surpassing the 1,430-point mark with liquidity remaining at a high level.
This shows that money is flowing strongly into the stock market. In addition, the strong net buying signal from foreign investors recently further strengthens the belief in the medium- and long-term prospects of the Vietnamese stock market, according to Mr. Khoa.
In addition, cash flow is currently focused on leading sectors such as banking, securities and steel. With positive momentum from large-cap stocks and strong cash flow, Mr. Khoa predicts that VN-Index will continue its upward trend.
However, after a series of consecutive increases, many stocks have reached their short-term expected profits, the RSI indicator (an indicator measuring overbought levels) has also entered the overbought zone, so the possibility of fluctuations and profit-taking at high prices in the coming sessions is very high.
Therefore, Mr. Khoa recommends that investors continue to hold the current portfolio, but limit buying stocks that have increased sharply to control risks, and at the same time consider increasing the proportion of stocks that have not left the price base, or wait for the market's technical adjustment to the support area of 1,405 - 1,410 points.
VN-Index may reach 1,500 - 1,550 points by the end of this year
The SHS Securities analysis team also commented that the VN-Index will maintain an upward trend, with the nearest support zone around 1,420 points and the psychological support zone at 1,400 points. Currently, the indices have exceeded the expectations of many securities companies, expanding the target to the 1,450 point zone - corresponding to the highest level in July 2021.
Meanwhile, VN30 may head towards the 1,550 - 1,587 point range, approaching the historical peak reached in December 2021 and April 2022.
SHS experts believe that the market is still in an uptrend, opportunities focus on stocks that have not increased much, good accumulation, especially in the banking and securities groups.
Short-term momentum continues to be supported by strong net buying activity from foreign investors. However, the current price range is no longer cheap, but suitable for short-term trading and risk control is required.
VN30 is also approaching its historical peak, so investors should monitor selling pressure at high price levels, consider partial profit-taking if there is profit, or open a hedging position in the derivatives market.
Mr. Tran Hoang Son, VPBankS market strategy director, also said that emerging markets, including Vietnam, have grown very well. VN-Index can follow this trend.
The Vietnamese stock market is also attracting large cash flows, as shown by its liquidity and the sharp increase in the number of newly opened accounts. In addition, the growth of corporate after-tax profits is entering a stable phase.
Regarding valuation, Mr. Son believes that it is still low and there is still room for growth. It is expected that in 2026, the market will continue to have the opportunity to break out thanks to large-scale IPOs. In addition, the probability of upgrading the market in September is quite high.
Therefore, with good liquidity and many positive stories like that, VN-Index could reach 1,500 - 1,550 points by the end of this year or early next year.
Source: https://tuoitre.vn/kha-nang-chung-khoan-tai-lap-dinh-lich-su-1-500-nha-dau-tu-co-nen-rot-tien-luc-nay-20250710134428542.htm
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