SHS Securities Company commented that the VN-Index had a very positive trading week with 5 consecutive sessions of increase, liquidity improved strongly, the index surpassed the lowest price zones of May and July 2022. The VN-Index was at 1,168.40 points, up 2.57% compared to the previous week; the HNX increased by 1.94% compared to the previous week to 230.19 points.
Liquidity increased sharply, the average trading value of the 3 floors reached 21,832 billion VND (+21.7% compared to last week), showing that short-term cash flow improved and increased in many groups of codes.
Regarding the trend next week, SHS Securities experts believe that the market's recovery momentum over the past 2 months has been very positive with good internal strength formed on a solid accumulation foundation. The consecutive recovery waves are reinforced by short accumulation foundations on the uptrend, forecasting that VN-Index has many opportunities to form a long-term "wave" of increase after surpassing 1,150 points. In the medium term, with good internal strength and momentum, the possibility of forming a new "wave" of the market is quite clear but needs more consensus from macro changes.
The stock market is up with many consecutive increasing sessions.
Mr. Phan Dung Khanh, Investment Consulting Director of Maybank Securities Company, commented that the market is likely to continue its upward trend and move towards the target of 1,200 due to strong cash flow, good liquidity, and the number of account openings continuously improving. Instead of adjusting after a period of "hot" increase, the VN-Index did not adjust, making many investors holding money quite impatient. Therefore, the upward trend can still be maintained in the short term.
"The possibility of VN-Index creating a new peak in July is very high when the price continuously surpasses resistance levels with improved cash flow, increased liquidity, positive information such as interest rate reduction has a good impact while negative information has little impact" - Mr. Phan Dung Khanh said.
Mr. Dinh Quang Hinh, Head of Macro and Market Strategy Department, Analysis Division of VNDirect Securities Company, also said that the positive sentiment in the stock market could be maintained next week and the VN-Index could head towards the strong resistance zone of 1,180-1,200 points.
Although the market is in an uptrend, securities companies believe that cash flow will still rotate between groups of stocks, with some stocks having adjusted, accumulating again and giving good buying points. Investors should avoid the fomo mentality (fear of missing out on opportunities) in stocks that have increased rapidly, but can search for and disburse into stocks that have accumulated again and given good buying points.
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