The stock market last week had a series of positive trading sessions when the VN-Index established a new short-term peak and liquidity set a record.
At the end of the trading week, VN-Index increased 18,02 points (+1,43%) to 1.281,8 points.
During the week, liquidity on HOSE reached 151.877,51 billion VND, a sharp increase of 20,4% compared to the previous week. This is a trading week with record liquidity with an average of more than 30 trillion VND/session, trading volume of more than 1,1 billion shares/session, demonstrating the rapid and strong turnover in the market with Many good short-term profit opportunities.
It can be seen that, in addition to investor sentiment stabilizing after the fear of reversing economic policy when the State Bank issued bills to attract money, the market also has a lot of information to support sentiment. quite good reason.
The State Securities Commission has consulted members on regulations that foreign institutional investors can trade without depositing 100% of the money. If approved and implemented in the near future, this regulation will remove one of the two bottlenecks in the market upgrade process according to FTSE regulations: prefunding requirements and exchange rate limits. foreign ownership ratio (room).
Along with HOSE's recent test run of the KRX system, it can be seen that management agencies are very active in solving problems to upgrade the market in 2025 as the target set by the Government. This helped the market have a prosperous trading week, with VN-Index climbing to the peak in 2023.
What many investors want to answer the most at this time is whether the VN-Index still has increasing momentum or not? Is it time to aggressively disburse and buy stocks?
Dr. Nguyen Duy Phuong, Investment Director of DGCapital, has the opinion that, despite setting a new peak, the threshold of 1.280 points is still a quite sensitive area of the market. Therefore, caution and risk management are the main keywords for investors in the next trading week.
“Investors' decision to disburse during this period needs to follow the direction of the stock price to go up sustainably, it needs to come from within, which is the positive business results of the enterprise.
Profits of listed businesses recorded in the fourth quarter of 2023 increased again and the outlook for 2024 is positive. This will support the increasing price momentum of the stock market," Dr. Phuong stated.
However, there are still many opinions that the market is currently moving in more risk areas than opportunities after an increase of over 20% compared to the mid-term bottom in November 11.2023.
From the beginning of 2024 until now, with an increase of 12%, VN-Index is in the Top 3 stock indexes with the strongest increases in the world, after the stock indexes of Turkey and Japan.
Therefore, VN-Index needs time to accumulate after a long increase to wait for more convincing evidence about the health of the economy and the recovery of businesses' profits.
