Stock market September 5: VN-Index surpasses 1,700 points?

(NLDO) - Cash flow continues to pour strongly into the stock market, which could create momentum for the VN-Index to accelerate in the session on September 5, surpassing the 1,700 point threshold and beyond.

At the end of the session on September 4, the VN-Index closed at 1,696 points, up nearly 15 points (+0.89%).

The trading session on September 4 opened in green as the VN-Index rose and approached the 1,690-point mark. However, the market quickly shifted to a tug-of-war state in the second half of the morning session due to pressure from the differentiation of the group of 30 large-cap stocks. Sectors such as Real Estate and Steel also recorded signs of slowing down after the previous strong increase.

Entering the afternoon session, VN-Index quickly regained its upward momentum in the first minutes, widening its range and approaching the 1,700-point mark. The main driving force came from the strong recovery of large-cap stocks, led by HPG (+6.04%),FPT (+1.74%) and the Banking group with VCB (+2.84%), VPB (+1.16%).

Active buying liquidity increased significantly, focusing on banking, steel and retail groups, while foreign investors continued to net sell with a net value of VND751 billion, mainly in VPB, VHM and MSN codes.

At the end of the session, VN-Index closed at 1,696 points, up nearly 15 points (+0.89%), marking a positive trading session and consolidating the accumulation trend around the 1,700 point threshold.

According to VCBS Securities Company, the increase in active buying cash flow is a positive signal, showing that the market has strong momentum to surpass the 1,700-point threshold. VCBS forecasts that the VN-Index may soon conquer the 1,710-point zone and further to 1,735 points in the coming sessions.

"Investors should hold stocks that are in a strong uptrend and have good accumulation signals. For investors with a high cash ratio, they can selectively disburse into stocks that show signs of overcoming resistance or consolidating support zones, focusing on industry groups such as Banking, Retail, Securities, Steel and Real Estate - Construction" - VCBS Securities Company recommends.

Dragon Capital Securities Company (VDSC) commented that the market is trying to maintain its upward momentum and has recorded a new high. Liquidity on September 4 increased slightly compared to the previous session, showing that supply has not created much pressure and cash flow is still supporting the market. VDSC forecasts that the VN-Index may continue to expand its upward momentum on September 5.

However, investors should note that supply pressure may increase as the index approaches the resistance zone of 1,750 points. Supply and demand signals in the coming sessions will play an important role in determining the market status.

Source: https://nld.com.vn/chung-khoan-ngay-5-9-vn-index-vuot-nguong-1700-diem-196250904175311134.htm