VN - Index may maintain its upward momentum in the trading session on July 15

(NLDO) - Vietnam's stock market on July 15 promises to attract strong cash flow. VN-Index is likely to conquer the threshold of 1480-1500 points.

VN-Index has increased a total of 83 points in the last 6 trading sessions.

At the beginning of the stock market session on July 14, the market witnessed profit-taking pressure causing the index to fall to nearly 1,450 points, but buying power quickly returned, bringing the VN-Index back to green. Bluechip codes such as VIC, VHM and VPB continued to be the pillars supporting the index. However, foreign investors unexpectedly switched to net selling of less than VND 150 billion, focusing on codes such as HPG and GMD, in contrast to the strong net buying power in previous sessions.

In the afternoon session, the VN-Index gradually decreased in height, but the demand for stocks returned after 1:30 p.m., especially in the real estate group. Stocks such as DXG and HDC increased to the ceiling price, attracting strong cash flow.

By the end of the session, VN-Index successfully conquered the 1,470-point threshold, increasing by more than 12 points thanks to support from bluechip codes such as VIC, VHM, VPB, along with retail groups such as MWG and PNJ. Market liquidity reached over VND30,000 billion, with 206 codes increasing and 117 codes decreasing. Notably, foreign investors reversed to net buy slightly from 2:15 p.m., reaching a total value of VND130.2 billion, focusing on VPB and FPT codes.

VN-Index increased 83 points in 6 sessions, stock liquidity is always high

According to VCBS Securities Company, VN-Index has increased a total of 83 points in the last 6 trading sessions, accompanied by high liquidity, showing that active demand is dominating. The group of large-cap stocks VN30 continues to be the focus of attracting cash flow.

According to Dragon Capital Securities Company (VDSC), the market is in an uptrend but will fluctuate strongly due to profit-taking pressure. However, good cash flow support and recent positive trends show that VN-Index has a chance to conquer the 1,480-1,500 point range in the near future.

"Investors need to observe supply and demand developments to assess the possibility of expanding the uptrend, take short-term profits at good price levels, and buy stocks with good signals from support zones or in a continuing uptrend pattern" - VDSC recommends.

However, VCBS Securities Company still recommends that investors should not buy stocks that are on a strong uptrend, maintain a safe margin loan ratio and consider finding disbursement opportunities in small and medium-cap stocks when the market is shaken.

Source: https://nld.com.vn/chung-khoan-ngay-mai-15-7-vn-index-co-the-duy-tri-da-tang-196250714180822204.htm