Stocks return to the target of conquering the 1,300 point mark

In the first trading sessions of the past week, VN-Index approached the resistance level of 1,230 points with a high state of doubt and caution. In fact, low liquidity in the accumulation phase is very normal, especially during the derivative maturity period.

However, the explosive session at the end of the week completely denied the previous doubts, with an increase of 2.34% and spread across most industry groups, accompanied by outstanding liquidity.

The spread of cash flow to most industry groups, with outstanding strength shown in real estate and securities stocks when many stocks hit the ceiling and opened an explosive session after 9 recovery sessions since August 5, 2024, complete in both quality and quantity.

This is a clear bullish signal, known as a complete follow-through. During the past 5 months of trading, the market has seen many reversals, but none of them has seen a signal that increased in amplitude and spread as well as the recent one.

Investors can expect further, even surpassing the recent peak. According to experts, there are supporting factors for the VN-Index to return to the 1,300 point mark.

The Vietnamese stock market is entering a period that can be considered "favorable time and place". The State Bank has recently cut OMO interest rates and treasury bill interest rates in the context of decreasing exchange rate pressure.

The second positive point is that expectations that the Fed will soon cut interest rates later this year have triggered capital flows to emerging stock markets.

Last week, in the Vietnamese market, foreign investors returned to net buying more than 1,000 billion VND, which is a proof. In addition, there are some other longer-term supporting factors such as attractive market valuation or the prospect of upgrading the stock market.

Looking back at the second quarter profit results - the numbers are quite optimistic with the total profit of listed companies growing by about 15% compared to the same period. This is a very impressive number compared to previous years and marks the return of many industry groups to the growth stage such as retail, textiles, securities, aviation, oil and gas, steel...

The gradually improving internal business environment along with the stable macro situation are factors supporting the market to maintain a good rhythm in the coming time.

Dr. Nguyen Duy Phuong, Investment Director of DG Capital, assessed that the market sentiment was somewhat more optimistic and hopeful at the end of last week, however, selling pressure will increase significantly when the VN-Index returns above the 1,250 mark. There will be some fluctuations following short-term waves, but the general market will still gradually increase and the 1,300 mark can be conquered soon in the near future.

DSC Securities Company commented that domestic and foreign stock indices have returned to the "attack" position after a necessary break. After the weekend's surge, DSC experts expect that not only technical money flows but also the most "indifferent" outside positions will soon disburse again. It is likely that the market will begin to enter an "easy investment" phase after 3-4 months of ups and downs.

HSC Securities Company recommends that with the positive changes of the market last week, especially the last session of the week, a brighter scenario for VN-Index gradually appears.

New positions are being reactivated and as the market retests support levels in the coming sessions, there will be more attractive buying opportunities, increasing the probability of winning. Stock groups with strong momentum and upward trend compared to the general index, along with solid fundamentals, are still the top priority choices.

Source: https://laodong.vn/kinh-doanh/chung-khoan-quay-tro-lai-muc-tieu-chinh-phuc-moc-1300-diem-1381557.ldo