What to watch out for in the stock market after the September 2nd holiday?

(Dan Tri) - Many securities companies believe that the market may have a new uptrend, especially as the time for the upgrade announcement in September approaches.

Market Watch

Before the holiday, the stock market continued to fluctuate but still maintained its upward momentum. VN-Index closed up slightly by 1.35 points to 1,682.21 points. Market breadth on the HoSE floor tilted towards the positive direction with 172 stocks increasing and 149 stocks decreasing.

In August, the VN-Index increased by nearly 180 points, equivalent to nearly 12%, surpassing the 9.19% increase in July and the strongest since May 2020. At the same time, the VN-Index also recorded an average trading value of nearly VND50,000 billion/session. Foreign investors net sold more than VND42,000 billion on HoSE, the highest ever, according to data from SSI Securities Company.

According to this unit, the VN-Index maintained positive developments despite continuous challenges around the old peak. High-priced supply pressure was present while there was still a lack of consensus from leading groups, causing the index to not establish a complete breakthrough.

Therefore, the above company recommends important technical levels to watch: resistance 1,690-1,700 points and support 1,640-1,660 points.

VPBank Securities Company (VPBankS) believes that in the current context where there is no negative information and the market breadth is still quite positive in stock groups, the market's upward momentum will continue. Therefore, although the probability of continuing is quite open, the next challenge for the market is still at the 1,700 point mark to confirm a new uptrend.

Stocks may continue to increase (Illustration: Dang Duc).

Trillion-dollar transactions

It is expected that from September 5 to October 3, Mr. Nguyen Van Dat - Chairman of Phat Dat Real Estate Development Joint Stock Company (stock code: PDR) - will register to sell 88 million PDR shares to solve personal financial needs. The transaction may reduce Mr. Dat's ownership ratio by 9%, down to 27.7% of the company's capital.

With PDR stock price at VND24,550/unit (closing price of August 29), the estimated transfer value of the above deal is about VND2,160 billion. Mr. Dat wants to trade in the context that PDR stock price is at its highest level in the past 2 years and has increased by nearly 50% in the past 2 months.

On the company's website, Mr. Dat said that it was a proactive choice, possibly sacrificing short-term benefits, but in return, Phat Dat and shareholders will have more sustainable, long-term benefits.

Another transaction is that the Military Commercial Joint Stock Bank (MB, stock code: MBB) wants to sell 60 million MBS shares of MB Securities Joint Stock Company. The transaction is expected to take place from September 3 to October 2 to reduce its ownership ratio to 65.9%. The bank said that the transaction is aimed at increasing the popularity of MBS shares.

Based on MBS stock price of about 41,100 VND/unit, MB bank can earn nearly 2,500 billion VND from this divestment deal.

Source: https://dantri.com.vn/kinh-doanh/thi-truong-chung-khoan-sau-ky-nghi-le-29-co-gi-can-chu-y-20250901164726320.htm