The market adjusted in the first session of the week, falling more than 10 points. In the following trading sessions, although the fluctuations appeared with higher frequency, the upward momentum was still maintained.
Cash flow tends to go to mid-cap stocks. Many stocks with ceiling price increases were recorded throughout the trading week. Closing the trading week from July 21 to 25, the VN-Index was at 1,531.13 points, up 33.85 points (+2.26%) compared to the end of the previous week. This is the 6th consecutive week the market has increased.
The market is supported by high liquidity. Cumulatively, the average weekly liquidity on the Ho Chi Minh City Stock Exchange reached VND36,380 billion (up 6.35%).
Positive market breadth, high differentiation as cash flow tends to increase into mid-cap and small-cap groups, stocks with strong business growth in the aviation, securities, fertilizer, and chemical groups. Under pressure to adjust in the real estate and consumer food groups.
Foreign investors sold strongly last week, with a net selling value at the end of the week of VND1,602 billion.
According to expert Phan Tan Nhat, Head of Analysis, Saigon - Hanoi Securities Joint Stock Company (SHS), the short-term trend of VN-Index is growing above the psychological support of 1,500 points. The market is still very strong, VN-Index is expected to continue to move towards the highest historical price in January 2022, around 1,537 points.
The market will enter a period of information void after the end of the Q2-2025 business results update.
Experts from Vietnam Construction Securities Joint Stock Company believe that from the bottom of VN-Index set in April (April 9, 2025) to the present time, VN-Index has had a very impressive increase (43%) in a period of more than 3 months.
Looking back at the previous market, from the time the market bottomed out in March 2020 to 2024, after impressive recoveries with average increases (43%-45%), there will be a slight correction (7%-15%), then a strong uptrend will return.
“History may repeat itself, but not exactly the same. As the VN-Index has had a very strong increase in recent times and is approaching statistical milestones, we need to start thinking about preserving profits and consider reducing the proportion of stocks, gradually increasing the proportion of cash and avoiding the fear of missing out on opportunities. We prioritize a cautious view at the moment and maintain a higher proportion of cash than stocks,” this business expert recommended.
Source: https://hanoimoi.vn/thi-truong-chung-khoan-tang-tuan-thu-6-lien-tiep-710557.html
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