With the massive influx of capital, how high will the VN-Index rise?

(NLĐO) - Many investors were caught off guard when, after cutting their losses on stocks in yesterday's trading session, the VN-Index surged today.

At the close of trading on March 6th, the stock market surged as strong capital inflows occurred into various stock groups, especially the securities sector.

The VN-Index closed at its highest point of the session at 1,318.22 points, up 13.51 points from the previous session; the HNX Index increased by 2.6 points to 238.01 points; and the Upcom Index increased by 0.66 points to 99.35 points.

With a strong upward movement, the VN-Index is at its highest level since June 2022, far surpassing the psychological resistance level of 1,300 points. Large-cap stocks in the VN30 index, such as GVR, VHM,FPT , MWG, TCB, and VCB, positively impacted the market. The securities sector, in particular, saw strong trading activity, with VIX hitting its ceiling price, and a series of other stocks including BVS, FTS, BSI, SHS, MBS, and VCI all experiencing significant gains.

Another notable development is that, after a series of consecutive net selling days, foreign investors have reversed course and returned to net buying with over 430 billion VND. Foreign investors were active in trading, buying shares worth over 2,840 billion VND and selling over 2,400 billion VND, focusing on HPG, VCI, MWG, EIB, MSN, and VHM.

The stock market was in strong gains on March 6th, reaching its highest level since June 2022.

Many investors said they sold their shares yesterday (March 5th) when they saw the VN-Index falling, and then just sat back and watched the market rise sharply today.

According to Vietnam Construction Securities Company (CSI), contrary to yesterday's negative performance, the VN-Index experienced a strong upward movement accompanied by high liquidity, with trading volume exceeding the 20-day average by 35.5%. The upward momentum was widespread across many sectors, led by those highly sensitive to market changes and with a significant impact on the VN-Index, such as securities, retail, steel, and industrial real estate.

Forecasting for tomorrow's trading session (March 7th), CSI experts believe that the VN-Index is highly likely to continue rising to conquer the 1,327 point mark in the next session. At this level, they expect some fluctuations and consolidation for a few sessions before returning and conquering a higher level of 1,360 - 1,365 points.

Looking further ahead to March 2025, Rong Viet Securities (VDSC) forecasts that the market will maintain its positive momentum thanks to positive news regarding the upgrade of Vietnam's market status this month, as Vietnam has fully met the criteria.

The VN-Index has seen a series of gains, surpassing the 1,300-point mark.

Information regarding the launch of the KRX trading system shows positive signs as the Ho Chi Minh City Stock Exchange (HOSE) has issued a document to relevant securities companies regarding the preparation of data for system testing.

"The long holiday period from April 30th to May 1st provides a sufficiently long (5 days) and early timeframe for pre-launch testing to take place. Simultaneously, the government is very determined to achieve its 8% economic growth target this year, and the credit environment and administrative procedures will support and facilitate the expansion of private investment. We expect the VN-Index to fluctuate between 1,280 and 1,350 points," – a Rồng Việt expert predicted.

Source: https://nld.com.vn/chung-khoan-ngay-mai-7-3-dong-tien-o-at-chay-vao-vn-index-se-tang-toi-dau-196250306174502695.htm