Stocks next week: VN-Index may regain balance

After creating a short-term peak in early September, the VN-Index continued to face strong correction pressure last week, at times falling more than 40 points to near the 1,600 level. However, increased bottom-fishing demand helped the market recover in 4 consecutive sessions at the end of the week. At the end of the week, the VN-Index increased slightly by 0.02%, closing at 1,667.26 points, regaining all the lost points.

According to SSI Research, the Vietnamese stock market is bringing in a 7.7% return, outperforming major investment channels such as bank deposits (common interest rates of 5-6%), real estate (rental rates of 3-4%) and gold (after recent price increases).

Therefore, if a strong correction occurs in the coming time, it could open up opportunities to accumulate stocks for a long-term investment vision. This prospect is reinforced by expectations of double-digit GDP growth in the next 5-10 years, driven by comprehensive institutional reforms and orientation to promote the development of the private economic sector.

In addition, the prospect of solid profit growth of over 14%/year in the period of 2025 - 2026, the prospect of market upgrade helps attract more international capital flows and supportive monetary policy, maintaining a favorable interest rate environment for the stock market.

Mr. Nguyen Anh Khoa, Director of Analysis, Agriseco Securities Company, commented that the VN-Index at the present time has gone through a relatively rapid increase since the beginning of the third quarter of 2025 without any significant correction. He said that for the market to continue its steady uptrend, it needs to accumulate again; and at the present time, the VN-Index is gradually forming an accumulation zone within the range of 1,630 - 1,700 points, helping the market consolidate its uptrend more firmly.

Stocks next week: VN-Index may regain balance.

Regarding the peak that VN-Index can reach, Mr. Khoa said that VN-Index can surpass the 1,700 point mark in the last months of the year but needs more time to accumulate and consolidate the current price base in the range of 1,630 - 1,700 points. Trading sessions with large amplitudes will take place, challenging investors' psychology.

In the coming period, if positive information appears to support the market such as the Fed lowering interest rates and successfully upgrading the market, this will be an important premise for market sentiment to improve and the VN-Index to aim to conquer new high points.

According to him, in the coming trading week, VN-Index may regain balance after the adjustment period and cash flow may return to the market, looking for industry groups with investment stories in the coming time.

In the trading sessions of the past weekend, stocks related to public investment are attracting cash flow following information about promoting public investment disbursement in the last months of the year.

This group may continue to perform positively and attract cash flow next week. The leading groups in the strong market growth in July and August such as banking, securities, and real estate are showing signs of slowing down after having increased sharply in price before.

" I think this is just a healthy adjustment to help stocks in these groups regain balance after a period of overheating. This group may still be the market leader in the next period of increase, after accumulating and regaining balance. Besides, the cash flow in the coming period may also spread to bluechip stocks with clear profit growth prospects in industries such as steel, retail, etc. ", Mr. Khoa commented.

Experts from VPS Securities assessed that the market is still in a major uptrend phase, despite short-term fluctuations and corrections from 5 to 8 sessions and recovery to accumulate from the strong support zone of 1,615 points, fluctuating around the 1,660 - 1,680 point area, before surpassing the 1,700 - 1,750 point area in the next 1 or 2 weeks.

Low liquidity is understandable in the context of the market needing a break accompanied by the phenomenon of differentiation of many stock groups. Steel, construction and installation, oil and gas are the groups of stocks that are actively traded. Investment opportunities in the market still exist.

" In my opinion, the 1600 - 1615 point area is the bottom of the recent correction. The market needs 3 - 5 more accumulation sessions before moving up to the 1700 - 1750 - 1800 point area ," the expert commented.

Sharing the same view, Mr. Nguyen Viet Quang - Business Director, Yuanta Securities said that the market last week continued to bottom out when the index retreated to 1600 points. However, the lowest weekly liquidity since July (excluding the September 2nd holiday week) showed a relatively weak recovery and supported a sideways trend within the range of 1660-1700 points until the end of September.

It is possible that the VN-Index will continue to correct further if the macro data and Q3 business reports are not favorable. This is a hot time to wait for important information before the cash flow can return to operate more strongly.

According to him, the recovery did not occur across all industry codes but was differentiated in each trading session; the highlight of last week was that cash flow began to return strongly to stocks with strong fundamentals, especially in the steel and consumer retail industries.

Providing advice to investors, the analysis team of Vietcombank Securities (VCBS) recommends selecting stocks with clear signs of recovery after adjusting to the hard support zone, with attractive discount prices and recent cash flow participation for disbursement next week. Some notable industry groups include retail, steel, banking and securities.

Ngoc Vy

Source: https://vtcnews.vn/chung-khoan-tuan-toi-vn-index-co-the-lay-lai-trang-thai-can-bang-ar965377.html