Cash flow is freed.
During the week of August 12-16, the Vietnamese stock market traded with a predominantly sideways trend. The main index fluctuated within a narrow range, and liquidity decreased sharply, partly reflecting the cautious sentiment of investors.
However, in the final trading session of the week, cash flow was freed up after the derivatives expiration, and a massive influx of demand helped the VN-Index surge nearly 30 points, dispelling the hesitation of the previous sessions. Retail (+3.42%), construction (+4.13%), industrial real estate (+4.23%), securities (+6.17%)... were the main sectors driving the market, confirming a fairly convincing breakout session.
In addition, liquidity also provided strong support for the index's upward momentum in the last trading session of the week, with trading volume exceeding the 20-day average (+49.35%), further confirming the return of the uptrend.
At the close of the trading week from August 12-16, the VN-Index stood at 1,252.33 points, an increase of 28.59 points (+2.34%) compared to the end of the previous week (illustrative image).
With a strong surge at the end of the week, the market officially successfully conquered the 1,250-point resistance level. Closing the trading week from August 12-16, the VN-Index stood at 1,252.33 points, an increase of 28.59 points (+2.34%) compared to the end of the previous week. Although the last trading session saw a strong increase with improved liquidity, sluggish trading in most of the preceding sessions resulted in an average trading volume on the Ho Chi Minh City exchange of 14,912 billion VND, a decrease of 16.91%.
Foreign investors recorded their first net buying week in August, with cumulative transaction value reaching nearly VND 1,100 billion. The focus of net buying this past week was on stocks such as HDB (VND 734 billion), KDC (VND 453 billion), andFPT ( VND 379 billion). Looking at individual exchanges, foreign investors net bought VND 1,066 billion on the HoSE, VND 44 billion on the HNX, and net sold VND 22 billion on the UPCoM exchange.
Forecast of Vn-Index fluctuations
According to statistics, 24 companies announced dividend entitlement dates during the week of August 19-23. Of these, 20 companies paid cash dividends this week, with the highest rate being 30% and the lowest 2%. In addition, this week saw 2 companies paying stock dividends, 1 company paying bonus shares, and 1 company paying a combined dividend.
According to Vietnam Construction Securities Joint Stock Company, the upward momentum could push the VN-Index to 1,260 points next week. At this level, investors should prioritize taking partial profits, then patiently wait for the VN-Index to correct and test the support level around 1,236-1,240 points before buying back the positions they sold.
After testing this level, expectations are that the VN-Index will continue its upward trend, as confirmed in the explosive trading session at the end of the week.
According to Saigon- Hanoi Securities Joint Stock Company, the short-term trend of the VN-Index has become more positive. The VN-Index may face short-term profit-taking pressure in the first few sessions of next week before rising again to conquer the 1,250-point resistance level once more.
In the medium term, the VN-Index has fluctuated within a wide range of 1,180 - 1,300 points since the beginning of the year. If the VN-Index can break above the resistance level around 1,250 points, the medium-term trend is still expected to return to the 1,250 - 1,300 point accumulation channel. Short- and medium-term investors should maintain a reasonable portfolio allocation, avoid chasing the VN-Index when it recovers to the 1,250 point region, and wait for a short-term correction (expected in the first few sessions of next week) before opening new buying positions.
Over the past week, market outlooks have been quite cautious. Vietcombank Securities (VCBS), in particular, did not provide a market trend forecast and recommended that investors take advantage of intraday corrections to gradually invest in stocks that tend to move in sync with the overall market recovery.
An Ha
Source: https://www.congluan.vn/khoi-ngoai-mua-rong-gan-1100-ty-dong-du-bao-vn-index-tuan-toi-post308208.html
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