Stock market next week (from May 26 to 30): Unexpected forecast about VN-Index

For three consecutive weeks, the VN-Index has maintained its upward momentum and has just ended the trading week at 1,314 points – an increase of about 13 points compared to the previous week and nearly 90 points compared to the previous three weeks. The market is approaching its highest peak since the beginning of 2025, bringing with it a lot of expectations but also raising many questions about the possibility of a breakthrough in the coming period.

Mr. Dinh Quang Hinh, Head of Macro and Market Strategy at VNDIRECT Securities Company, assessed that the market's growth momentum was supported by a series of positive factors, including progress in trade negotiations with the US and momentum from Vingroup stocks.

In particular, information such as the Prime Minister requesting relevant agencies to study Vinspeed's high-speed railway proposal, or the groundbreaking of the Tu Lien bridge project - helping to improve the connecting infrastructure for the Vin Global Gate Co Loa project - all contributed to promoting positive sentiment in the market.

However, Mr. Hinh also warned that the 1,320–1,340 point range will be a big challenge. As the market enters a period of lack of supporting information after the first quarter reporting season and shareholder meetings, the index may move sideways in the 1,290–1,340 point range to absorb profit-taking pressure, while waiting for new signals from the Vietnam-US trade negotiations taking place in early June.

Chứng khoán tuần tới (từ 26 đến 30-5): Dự báo bất ngờ về VN-Index - Ảnh 1. — Many securities companies have expressed the view that short-term investors need to switch to a cautious state and maintain a reasonable stock ratio.

Pinetree Securities Company also expressed a cautious view. According to the company's analysis department, although the VN-Index is still increasing, the cash flow is clearly differentiated and mainly focused on a number of stock groups such as Vingroup, GEX or some midcap stocks. As a result, many individual investment portfolios do not increase in proportion to the index, and even record a slight decrease. Some large investors have begun to take profits, showing caution against the risk of short-term correction.

Pinetree said international news also affected investor sentiment. US President Donald Trump’s announcement that he would reimpose tariffs on EU goods and Apple products not manufactured in the US is a negative factor that could create pressure for the market to adjust as early as next week.

Accordingly, Pinetree recommends that investors limit new purchases and do not need to sell off their portfolios yet, because a correction after three weeks of continuous growth is necessary for the market to grow more sustainably.

Chứng khoán tuần tới (từ 26 đến 30-5): Dự báo bất ngờ về VN-Index - Ảnh 2. — VN-Index increased for the third consecutive week, remaining above the 1,300 point mark

SHS Securities Company also gave a similar view. According to SHS's assessment, the 1,320-1,340 point range is not an attractive price range for further disbursement, especially in the context of increasing correction pressure. SHS believes that investors should maintain a reasonable proportion, only buy stocks with good fundamentals, in strategic industries and with real growth prospects.

Meanwhile, experts from Vietnam Construction Securities Company (CSI) said that the possibility of the VN-Index continuing to break out is quite low. "The index is approaching the peak of 2025, so profit-taking pressure is inevitable," said CSI experts.

Although the market is in a positive trend, caution is still recommended by many securities companies. The current period requires investors to be alert, selective and avoid chasing stocks that have increased too quickly and too hotly. VN-Index may need more time to adjust and create a solid price level before reaching higher milestones.