At the end of the trading session of the week (July 19), VN-Index stood at 1,497 points, up nearly 40 points compared to the beginning of the week, and only a short distance from the historical peak of 1,500 points. Trading was bustling with liquidity continuously exceeding the 34,000-40,000 billion VND mark per session, the highest level in the past three months.
The strong cash flow into large-cap stocks such as VIC (Vingroup), VHM (Vinhomes), MSN ( Masan ), TCB (Techcombank), VPB (VPBank)... played a leading role in the index's increase. In particular, the banking and real estate groups had a clear breakthrough when market sentiment was optimistic about the policies of easing credit, supporting businesses and public investment.
The market witnessed a clear wave of FOMO (Fear of Missing Out) from individual investors. Many new accounts were reopened, and cash flow circulated quickly between industry groups. According to data from HOSE, the proportion of transactions from domestic individual investors accounted for more than 85% of the total market value.
In contrast, foreign investors maintained a slight net selling status in the first sessions of the week, focusing on the banking and real estate groups. However, this pressure was not enough to stop the increase as domestic money continued to flow into stocks with supporting "stories".
Although the uptrend is very positive, analysts also warn about the possibility of a short-term technical correction. The VN-Index approaching the psychological threshold of 1,500 points is a sensitive level, which can easily create a profit-taking effect if market sentiment is shaken.
However, in the medium and long term, many securities companies, such as: Rong Viet (VDSC), Vietcombank (VCBS) and Ban Viet (VCSC), all believe that the market outlook remains positive thanks to a series of supporting macroeconomic factors: GDP in the third quarter is forecast to increase sharply, public investment disbursement is strong, interest rates remain low, and expectations of market upgrade in 2025 - 2026.
Experts recommend that investors should not “buy at the top” all their capital at the present time, but should divide the disbursement into small amounts according to each adjustment, prioritizing stocks with good fundamentals and high liquidity. Industry groups expected to continue to lead include: banking, securities, real estate, public investment and retail.
“If you are a long-term and professional investor, you can consider disbursing. For short-term and inexperienced investors, this is a high-increase area. You should consider carefully and wait for the market to adjust and accumulate again before considering investing,” said Mr. Dinh Quang Hinh - Head of Macro and Market Strategy Department, VNDirec Securities Joint Stock Company.
With the current converging factors, it is only a matter of time before the VN-Index continues to surpass the 1,500-point mark. However, the stock index has increased by nearly 30% in a short period of time, so the market may soon experience a correction to continue to grow more sustainably.
“In the current context, we recommend that investors should be cautious in investing and limit buying to chase excitement because they may face the risk of correction after a strong increase,” said Mr. Dang Tran Phuc - Chairman of the Board of Directors of AZfin Vietnam JSC.
Source: https://baogialai.com.vn/mot-tuan-chung-khoan-soi-dong-ap-sat-dinh-lich-su-post560963.html
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