Lots of good news to help stocks rise at the end of the year

Continuing the recovery momentum, the Vietnamese stock market has been maintaining its recent upward trend. From a technical perspective, after the explosive session on August 16, the recovery of the VN-Index has been maintained.

The index broke through several resistance levels, approaching the major resistance level of 1,300 points. Liquidity improved significantly, proving that cash flow remained in the market and circulated positively. This is considered a good condition to create a favorable environment for short-term transactions.

Selling pressure has appeared, but not much, the active demand is still absorbing well and mastering the current market trend. With cash flow waiting ready to join. In general, the short-term uptrend of VN-Index is maintained. Market sentiment indicators show that cash flow into the market is expanding, liquidity is increasing strongly, making the probability of successful investment on the rise. The market spread is also increasing, with signs of cash flow returning under the leadership of large-cap stocks, especially banks. In addition, the spread is recorded in many other stock groups.

According to experts from the PYN Elite Foreign Fund, there has been a lot of good news in the Vietnamese market recently. Industrial production has grown positively and in the past 3 months, the growth rate has been recorded at over 10% per month, with July alone at 11.2%. Since the beginning of the year, Vietnam's exports have grown by 15.7%. Towards the end of the year, the growth rate has become more positive and export growth in July reached nearly 20%. From January to July, the trade surplus was at 14.1 billion USD. Prolonged high inflation in the US has maintained a high interest rate situation since the beginning of the year until the end of July, causing the Vietnamese Dong to depreciate by about 4% against the USD.

Regarding the Vietnamese stock market, PYN Elite foreign fund assessed that the market is trading at a forward PE of 12 times, a rather modest figure. The Securities Commission recently announced new regulations to remove prefunding in the Vietnamese market. If this change is implemented, FTSE may decide to upgrade the Vietnamese market from frontier to emerging.

This, coupled with allowing foreign investors to trade without depositing 100% of their funds, could make Vietnam an even more attractive market for foreign investors.

"The VN-Index has increased by 13.8% since the beginning of the year and is currently at 1,285 points. The VN-Index has fluctuated between 1,200 and 1,300 points for a while. When the 1,300 point level is broken, positive economic data has been released, which will support the scenario of the VN-Index increasing significantly by the end of the year. The low interest rate environment and positive corporate profit growth will lead the market, especially when looking at the 2025 reserve PE at 10 times," experts from PYN Elite Foreign Fund shared.

Source: https://laodong.vn/kinh-doanh/nhieu-tin-tot-ho-tro-chung-khoan-tang-diem-vao-cuoi-nam-1385858.ldo