The shake-up is necessary for the stock market to accumulate and break out.

The stock market has just experienced a week of slight decline. Experts say that the fluctuations are necessary for the market to accumulate more momentum, preparing for a breakthrough.

The stock market has just experienced a trading week with 2 sessions of increase and 3 sessions of decrease. In the first two sessions of the week, the VN-Index increased. However, profit-taking pressure appeared when the market approached the 1,350-point area, the highest level in the past 3 years, causing the market to slide for the next 3 sessions and erase all efforts to break out.

VN-Index fell more than 12 points in the session on June 6. Screenshot

VN-Index lacked a leading factor as cash flow continued to prioritize small and mid-cap stocks, while large-cap stocks performed weakly throughout the trading week, leaving heavy correction pressure on the index.

Closing the trading week from June 2 to June 6, the VN-Index was at 1,329.89 points, down slightly by 2.71 points (-0.2%). Thus, after 4 consecutive weeks of increase, the VN-Index experienced a slight decrease.

Head of macro and market strategy, VNDirect Securities Joint Stock Company Dinh Quang Hinh acknowledged that the lack of supporting information in the market after the first quarter business results reporting season and shareholders' meetings, along with the lack of breakthrough in US-Vietnam trade negotiations, has made investors more cautious, especially when the 90-day reciprocal tax deferral period is only a little over a month away from expiring.

Experts from Vietnam Construction Securities Joint Stock Company believe that the fluctuations are necessary for the market to accumulate more momentum, prepare for a market breakthrough and move towards the resistance level of 1,398 - 1,418 points in the coming time.

Weekly order matching liquidity continued to remain high despite a slight decrease of 4.5% compared to the previous week. Accumulated for the entire trading week, the average weekly liquidity on the Ho Chi Minh City Stock Exchange reached VND22,659 billion, down 0.74%.

In May, foreign investors net bought quite well with a value of VND914.14 billion on the Ho Chi Minh City Stock Exchange. Meanwhile, foreign individual investors in the whole market also net bought quite strongly with VND1,470 billion. However, in the first week of June, foreign investors net sold more than VND2,100 billion.

Experts from Vietnam Construction Securities Joint Stock Company believe that with 3 consecutive sessions of decline from the peak of 2025, along with large liquidity, it is threatening the previously formed recovery trend.

However, this week's adjustment is not too large and liquidity has not increased dramatically, even lower, so the current adjustment is not strong enough to change the uptrend but is more inclined towards profit-taking in the short term. This adjustment does not rule out the possibility of pulling VN-Index to the support zone (1,285-1,300 points) in the near future before returning to the uptrend to conquer the expected resistance level (1,398-1,418 points).

Meanwhile, experts from Saigon - Hanoi Securities Joint Stock Company said that the market has started June, which is an unpredictable month, as the final stage of trade negotiations, tax suspension, and the effects of tariffs may gradually be reflected in business results. The market needs time to create a new equilibrium price zone for many industries affected by tariffs when fundamental factors are changing and weakening. The VN-Index has increased to the old peak and will be under pressure to retest the support zone around 1,300 points. Investors should carefully consider and evaluate their current short-term portfolios for restructuring.

According to Mr. Dinh Quang Hinh, in the next trading week, the VN-Index will retest the support zone around 1,320 points. The performance of the VN-Index in this zone will determine whether the short-term uptrend of the market is maintained or not. If this support is lost, the VN-Index may retreat to a deeper support zone at 1,300 points.

“In that context, investors should consider lowering leverage and adjusting the proportion of stocks to a safe level if the VN-Index cannot maintain the 1,320-point zone. Profit realization and portfolio risk management should be prioritized in the context of the market entering a “crucial” 30 days with many important events taking place, such as the US Federal Reserve’s policy meeting in mid-June and the deadline for negotiating reciprocal taxes in early July,” the expert recommended.

Source: https://hanoimoi.vn/nhip-rung-lac-la-can-thiet-de-thi-truong-chung-khoan-tich-luy-but-pha-704906.html