After the September 2nd holiday, how will the stock market fluctuate?

After the September 2nd holiday, investors are interested in how the stock market performs.

After September 2nd, which year's stock market increased the most?

According to statistics, in the first week after the September 2nd holiday, trading on the stock market had mixed developments with alternating increases and decreases. For example, in the past 4 years since the Covid-19 pandemic broke out, the VN-Index had 2 increases and 2 decreases in the week of trading after the September 2nd holiday.

Market developments after the 2.9 holiday over the years

Year	VN-Index	HNX-Index
2017	+ 1.57%	+ 0.01%
2018	- 2.08%	- 1%
2019	-1.08%	- 1.37%
2020	- 1.39%	+ 0.13%
2021	+ 0.8%	+ 1.27%
2022	- 2.48%	- 2.5%
2023	+ 1.42%	+ 2.58%
2024	- 0.78%	- 1.22%

According to records over the past 10 years, the VN-Index had the highest week of increase after the September 2nd holiday was the first week of September 2017 when it increased by nearly 1.6%. In most years where the first week of September saw the stock market increase, there was an increase before the holiday. For example, before the September 2nd holiday in 2017, the VN-Index increased by 2.2%; before the September 2nd holiday in 2021, the VN-Index increased by 2.75% and before the September 2nd holiday in 2023, the index increased by 3.44%.

Before the September 2nd holiday this year, the VN-Index also recorded an increase of 2.23% throughout the week and closed August at 1,682.21 points after many previous declines. Similarly, the HNX-Index increased by 2.75% and is currently at 279.98 points. The highlight still belongs to the group of securities and banking stocks with a series of consecutive increases, even some codes hitting the ceiling, becoming the main driving force helping the VN-Index approach the 1,700 point mark. In addition, the VIC and VHM duo of Vingroup also contributed positively to the market's growth.

The biggest negative point continues to come from foreign investors when they sold more than VND11,000 billion net last week, bringing the cumulative net selling value for the whole month of August to more than VND41,000 billion. However, this selling force has been maintained by securities companies and individual investors, absorbing all of it.

The stock market uptrend will continue.

With the increase of last week when the market entered the holidays to celebrate the 80th National Day on September 2, the psychology of many investors is quite optimistic. On forums, many stockbrokers and investors expressed their decision to "hold stocks" to wait for the sweet fruit despite the market shaking and many stocks also fluctuating quite strongly.

After the September 2nd holiday, what will happen to stocks is a concern of investors.

PHOTO: NGOC THANG

According to Mr. Huynh Anh Tuan, Director of Vikki Digital Banking Securities Company: Currently, the cash flow participating in securities is very strong and still maintained at over 40,000 billion VND per session. Foreign investors' maximum net selling is only about 3,000 billion VND/session, accounting for a low proportion of the total transaction value of the whole market, mainly taking profits in many large stocks. "After the September 2 holiday, the possibility of VN-Index continuing to increase is quite large because investor sentiment is still positive, and there are no signs of cash flow withdrawing from the market. In addition, the possibility that the Vietnamese stock market will be upgraded this year is still positive information supporting many stocks to continue to rise, especially the banking and securities groups which are assessed to have many advantages", Mr. Huynh Anh Tuan shared.

Mr. Phan Dung Khanh, Investment Consulting Director of Maybank Investment Bank, said that after the September 2 holiday, the market will only have 3 trading sessions this week. Therefore, the possibility of VN-Index surpassing the resistance level of 1,680 - 1,690 points is quite low. This is a strong resistance zone when in August VN-Index had touched it several times but had to turn back down because market liquidity had decreased even though many stocks still increased in price. This is mainly explained by the decrease in active selling force while active buying force decreased sharply. Selling force is still waiting for more from foreign investors, self-trading groups of securities companies and individual investors, especially in the sessions when VN-Index advances to the peak of 1,680 - 1,690 points. He emphasized: I think that the real driving force must come from active buying money flow, but recent sessions have lacked this driving force. The medium and long-term upward trend of the Vietnamese stock market is still maintained and from now until the end of the year, the VN-Index may surpass the 1,700-point threshold to reach a new higher record, even surpassing 1,750 points. However, in the short term, market corrections are normal and this is necessary to create a more solid upward momentum in the medium term.

Source: https://thanhnien.vn/sau-le-29-thi-truong-chung-khoan-se-bien-dong-ra-sao-185250902093408113.htm