Stock market October 14: VN-Index heading towards 1,800 points?

(NLDO) - With the momentum of increasing points and improved liquidity of the session on October 13, VN-Index is forecast to continue its upward momentum in the session on October 14, towards 1,800 points.

At the end of the session on October 13, the VN-Index closed at 1,765 points, up 17.5 points (equivalent to 1.01%).

Opening the stock market session on October 13, VN Index made a slight correction but quickly regained the reference level and fluctuated throughout the morning session. Vingroup stocks (VIC, VRE) and banking codes such as CTG and TCB played a role in balancing the market.

However, investor sentiment remained cautious as red dominated with 216 stocks falling compared to 93 stocks rising, reflecting profit-taking pressure after a series of continuous increases over the past week.

In the afternoon session, the market received strong momentum, expanding the increase range and approaching the 1,770 point mark. The real estate and securities groups emerged as bright spots with impressive demand, supporting the general index's increase. However, foreign investors continued to net sell strongly with a net value of VND 1,234 billion, focusing on codes such as HPG, VRE and MBB.

At the end of the session, VN-Index closed at 1,765 points, up 17.5 points (equivalent to 1.01%). Total market liquidity reached over VND18,000 billion, higher than the 20-session average, showing that cash flow is still actively participating.

According to VCBS Securities Company, the upward trend of VN-Index is still reinforced thanks to the leadership of blue-chip stocks, especially Vingroup, banks, real estate and securities. However, the cash flow has not spread widely but is still concentrated on some industry groups and individual stocks.

Investors are advised to maintain a portfolio of stocks with a stable upward trend, while monitoring cash flow to disburse into stocks with active buying liquidity. Notable industry groups include: banking, retail, real estate - construction and securities.

Rong Viet Securities Company (VDSC) commented that although the market is showing signs of caution, improved liquidity shows that cash flow is still trying to support. Although there is a possibility of fluctuations in the next session, the support zone of 1,750 - 1,760 points of VN-Index is expected to help the market maintain its short-term uptrend.

With the momentum of increasing points and improved liquidity in the session of October 13, some other securities companies forecast that the VN-Index will continue to increase in the session of October 14, towards the 1,800 point mark. However, investors need to be cautious with profit-taking pressure, especially when the cash flow has not spread evenly. Closely monitoring the leading industry groups and foreign investors' movements will be the key factors to make effective trading decisions.

Source: https://nld.com.vn/chung-khoan-ngay-14-10-vn-index-huong-toi-moc-1800-diem-196251013183032494.htm