The stock market is heading towards its all-time high of 1,500, strongly supported by capital inflows - Image: AI drawing
With the emergence of FOMO (Fear of Missing Out), avoid chasing rapidly rising stocks.
Speaking to Tuoi Tre Online , Mr. Nguyen Anh Khoa, Director of Analysis and Research at Agribank Securities (Agriseco), said that the VN-Index has experienced three consecutive days of wide gains, surpassing the 1,430-point mark with liquidity remaining high.
This indicates a strong inflow of capital into the stock market. Furthermore, the strong net buying signals from foreign investors recently reinforce confidence in the medium- and long-term prospects of the Vietnamese stock market, according to Mr. Khoa.
Furthermore, capital flows are currently concentrated in leading sectors such as banking, securities, and steel. With positive momentum from large-cap stocks and strong capital flow distribution, Mr. Khoa predicts that the VN-Index will continue its upward trend.
However, after a series of consecutive gains, many stocks have reached their short-term profit expectations, and the RSI (Resistance Index) has also entered the overbought zone. Therefore, there is a high probability of price fluctuations and profit-taking at high price levels in the coming sessions.
Therefore, Mr. Khoa recommends that investors continue to hold their current portfolios, but avoid chasing stocks that have risen sharply to control risk. They can also consider increasing their holdings in stocks that have not yet moved away from their support levels, or wait for a technical correction in the market to the support area of 1,405 - 1,410 points.
The VN-Index could reach 1,500 - 1,550 points by the end of this year.
The SHS Securities analysis team also believes that the VN-Index will maintain its upward trend, with the nearest support zone around 1,420 points and a psychological support level of 1,400 points. Currently, all indices are exceeding the expectations of many securities companies, expanding the target towards the 1,450 point zone - corresponding to the highest level in July 2021.
Meanwhile, the VN30 index could head towards the 1,550 - 1,587 point range, approaching the historical peaks reached in December 2021 and April 2022.
SHS experts believe the market is still in an uptrend, and opportunities should focus on stocks that haven't risen much yet and have accumulated well, especially in the banking and securities sectors.
Short-term momentum continues to be supported by strong net buying activity from foreign investors. However, the current price range is no longer cheap, but suitable for short-term trading and risk control is required.
The VN30 index is also approaching its historical peak, so investors should monitor selling pressure at high price levels, consider taking partial profits if there are gains, or open hedging positions in the derivatives market.
Mr. Tran Hoang Son, market strategy director of VPBankS, also stated that emerging markets, including Vietnam, have performed very well. The VN-Index may closely follow this trend.
The Vietnamese stock market is currently attracting significant capital inflows, as evidenced by the sharp increase in liquidity and the number of new accounts opened. Furthermore, the growth in after-tax profits of businesses is entering a stable phase.
Regarding valuations, Mr. Son believes they are still low and have significant room for growth. He anticipates that the market will continue to have opportunities for breakthroughs in 2026 thanks to large-scale IPOs. Furthermore, the probability of market upgrade in September is quite high.
Therefore, with good liquidity and many positive stories like these, the VN-Index could reach 1,500 - 1,550 points by the end of this year or the beginning of next year.
Source: https://tuoitre.vn/kha-nang-chung-khoan-tai-lap-dinh-lich-su-1-500-nha-dau-tu-co-nen-rot-tien-luc-nay-20250710134428542.htm
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