Money flow still stays out of the stock market

After the decline at the beginning of August, the VN-Index has recovered relatively impressively, returning to its previous short-term peak around 1,280 - 1,300 points, led by blue-chip stocks.

Entering the first days of September, contrary to optimistic forecasts, the market has continuously declined, and the trend of the VN-Index has become less positive as it failed to hold the support zone of the 20-day moving average. The index is under pressure to correct towards the 1,250-1,255 point range.

The current situation does not yet show a return of short-term demand or capital flows. In the following sessions, experts predict that the index may continue to face downward pressure, potentially falling to the 1,250 point level before recovering to test the nearest resistance level around 1,265 points.

According to Dr. Nguyen Duy Phuong, Investment Director of DG Capital, the current period is characterized by a lack of information, so a tug-of-war with narrow fluctuations and low liquidity is likely to recur in the short term. This trend could continue throughout September, and Dr. Phuong believes that a gradual downward trend of consolidation is not ruled out, as the difficulties in short-term trading over the past period will weaken the flow of short-term capital into the market.

Furthermore, domestic market trends will also be somewhat influenced by the general trends of global stock markets. In addition, differentiation will occur based on the projected third-quarter business results of individual companies and industry groups.

Experts from VCBS Securities Company also commented that the market's sharp decline in recent sessions was mainly due to a lack of buying momentum and cautious investor sentiment. VCBS recommends that investors remain calm, avoid rushing to sell, and wait for recovery phases to restructure their portfolios if necessary. The immediate priority should remain holding stocks that maintain a positive trend, accounting for approximately 50% of the portfolio, and bringing leverage to a safe level. Given the current situation, the 1,250-point level will be the nearest support, and a recovery is likely to occur at this point soon.

Experts also believe that, in the current context, geopolitical risks and regional conflicts remain a topic of concern for experts and investors worldwide. This is one of the leading reasons that can affect investor sentiment. Fluctuations in the prices of basic commodities such as shipping costs, rubber, crude oil, sugar, and gold can immediately affect the price movements of assets and short-term fluctuations in the stock market.

Furthermore, monetary policy developments during the third quarter and the end of 2024 will also impact the actions of investment funds and the trading behavior of individual and institutional investors. Tightening or loosening monetary policy is always a crucial factor influencing the overall market trend.

Finally, economic growth prospects, GDP growth, global PMI indicators, business results of listed companies, and revenue/profit growth figures of companies also impact assumptions and valuations. These are factors that investors need to consider for the end of 2024.

Source: https://laodong.vn/kinh-doanh/dong-tien-van-dung-ngoai-thi-truong-chung-khoan-1392550.ldo