Stock market continues to move towards 1,800 points

Last week, one of the notable news was that FTSE Russell upgraded Vietnam from a frontier market to a secondary emerging market. The decision is expected to take effect from September 21, 2026, after the mid-term review in March 2026. This is an important milestone, recognizing the achievements of Vietnam's decisive and synchronous reform process, contributing to raising the country's position on the global investment map.

According to Saigon - Hanoi Securities Joint Stock Company (SHS), this positive information, along with the good growth momentum of the economy , helped the VN-Index increase strongly by 6.18% during the week, surpassing the peak of September 2025 and closing at 1,747.55 points, heading towards the price range of 1,750 - 1,800 points. The VN30-Index also recorded an increase of 6.51%, to 1,980.57 points, surpassing the old peak and heading towards the 2,000 point mark.

Market breadth was strongly positive with many sectors making breakthroughs. Real estate was the focus as a series of leading stocks led the increase; followed by steel, securities, retail, banking, and oil and gas groups, while some groups such as textiles and insurance had less exciting developments.

Liquidity also increased again after 3 consecutive weeks of decline, trading volume on HOSE increased by 17.4% compared to the previous week, reaching an average of 970 million shares/session. Improved cash flow shows that market sentiment has become more optimistic, although foreign investors still sold net for the 12th consecutive week with a value of VND 5,046 billion on HOSE.

The stock market continues to move towards 1,800 points. (Illustration photo)

Commenting on the stock market developments next week, experts from Pinetree Vietnam Securities Company said that the market is still able to pull up pillar stocks before the expiration date, so the increase next week is completely possible, especially with the base index VN30-Index. At the same time, the third quarter reporting season is starting, if positive, it will be a catalyst to push the market to climb to a new peak.

According to experts from Pinetree Vietnam, the trend will continue to explode next week to set a new all-time high. Vingroup and banking stocks will play a leading role, while cash flow can rotate to stocks, real estate, steel and public investment to help the growth be more sustainable. The upcoming third quarter financial reporting season will be an important catalyst, and the derivatives expiry week is likely to continue to attract cash flow into pillar stocks.

Mr. Le Duc Khanh - Director of Analysis, VPS Securities commented that in the short term, the 1750 - 1800 point mark is still a strong resistance mark despite many optimistic comments about the market with the scenario that VN-Index will move up to the 2000 - 2100 point area. This development is somewhat similar to the resistance level of 1630 - 1650 points last September.

" The good scenario that we expect in October is probably the 1,800 point mark; of course, the possibility of surpassing this mark at the end of the year is still taken into account, " Mr. Khanh emphasized, saying that if it decisively surpasses the 1,720-1,725 point range, the next target of the index could be towards 1,750-1,780 points.

The analysis team recommends that investors continue to hold stocks with an upward trend and increase purchases when the market makes a slight correction at the support zone around 1,700 points; prioritizing stocks with good accumulation price bases and attracting cash flow.

Experts from KBSV Securities believe that the concern that the index is led by pillar stocks while liquidity has not exploded is a reasonable opinion. However, this may be a characteristic of the early stages of a new uptrend, when large-cap stocks go first to create a psychological effect. Cash flow spreading to other industry groups will usually need more time to confirm and participate later.

In a good scenario, if the cash flow spreads successfully and the market maintains a price base above 1700, the next target of the index could be towards the 1780 - 1800 point zone.

Experts from SHS assessed that the short-term trend of the market is positive after more than a month of accumulation. After retesting the old peak around 1,710 points, VN-Index is expected to head towards the 1,750 point area, while VN30 can approach the 1,970 - 2,000 point area.

In addition, the high GDP growth figures for the third quarter, which are expected to reach over 8% for the whole year, are considered an important highlight to boost investor confidence and affirm the strong "transformation" of the Vietnamese economy and stock market.

SHS recommends that, in the context of the market entering a new growth cycle, investors should maintain a reasonable proportion, focus on stocks with good fundamentals, leading in strategic fields and benefiting from economic growth trends.

Investors can increase the proportion of stocks. (Illustration photo)

Vietnam Construction Securities Joint Stock Company (CSI) commented that the last session of the week saw the VN-Index open a "gap in price" and continuously increase, closing at the highest level of the day, reinforcing the positive trend on both the daily and weekly charts. Although liquidity has not changed dramatically, the strongest increase of all time this week shows that market sentiment has turned to a state of excitement. CSI expects the VN-Index to continue its upward momentum next week, with the goal of conquering the resistance level of 1,780 points.

Investors can increase the proportion of stocks

Meanwhile, Ms. Nguyen Phuong Nga - analyst from VCBS - said that the momentum in the large-cap group has not yet spread strongly to the market when most stocks are still in a sideways accumulation or retesting support zones.

VCBS recommends that investors can maintain or consider increasing the proportion of available codes in the portfolio when these codes show convincing signs of overcoming resistance; at the same time, take advantage of the rotation of cash flow in the market, select and disburse with the goal of short-term investment in stocks in the group that are attracting the attention of cash flow with clear signs of increasing active buying liquidity. Banking, public-construction investment, and retail are the stocks that can be noted.

According to experts, the FTSE review event for upgrading is gradually becoming an important psychological catalyst to help maintain the market's enthusiasm. In the current context, investors can start to increase the proportion of stocks, but should do it step by step, not in a hurry, because the VN-Index is approaching the resistance zone around 1,750 points.

It is important to observe the spread of cash flow in this area. If cash flow is not only concentrated in the pillar group but also expanded to the industry groups that benefit from the expectation of upgrading, it will strengthen the confidence to increase the proportion to a higher level.

Therefore, the reasonable proportion should be maintained around 60-70% of stocks, just enough to participate in the uptrend, while still keeping room to react flexibly if the market fluctuates at the resistance zone.

Ngoc Vy

Source: https://vtcnews.vn/thi-truong-chung-khoan-tiep-tuc-huong-toi-1-800-diem-ar970778.html