Stocks rose for the second consecutive week

VN-Index fluctuated within a narrow range and continuously struggled before the resistance level of 1,660 points, showing the caution of short-term cash flow. At the end of the week of November 17 - November 21, the index representing the Ho Chi Minh City Stock Exchange increased by 19.47 points (+1.19%).

Buying power in the market is concentrated in Vingroup stocks such as VIC, VHM and VPL (Screenshot).

However, market liquidity still maintained a slight improvement, reflecting that capital flows are gradually returning. Total liquidity reached VND108,377 billion, with an average session of VND21,675 billion, up 2.33% compared to the previous week. Foreign investors net sold more than VND1,897 billion.

Buying pressure in the market focused on Vingroup stocks such as VIC, VHM and VPL, thereby contributing significantly to the index's increase. On the contrary, selling pressure appeared more in the banking group, preventing the market's recovery from breaking out clearly.

Experts fromACB Securities Company Limited believe that the VN-Index may continue to fluctuate, struggling around the 1,660-point area – an important resistance level of the short-term trend. If demand remains stable and liquidity improves, the possibility of a prolonged recovery will increase, opening up the opportunity to test the 1,700-point area.

Experts from Asean Securities Corporation predict that the VN-Index will move in the 1,600-1,700 point range in November. This is an accumulation period before the market gains momentum for a new uptrend at the end of the year.

Short-term investors with a large cash balance can disburse part of their investment during fluctuations. With a long-term buy-and-hold strategy, investors prioritize holding and focusing on leading stocks with prospects for profit growth in the 2025-2026 period.

Source: https://hanoimoi.vn/chung-khoan-tang-tuan-thu-2-lien-tiep-724364.html