With the support of liquidity from both domestic and foreign cash flows, VN-Index is likely to reach the 1,500 point mark in the new week, but fluctuations due to profit-taking are not excluded.
The indexes suddenly increased strongly.
In the context of the world stock market not really performing positively, especially the US market adjusted quite strongly in the last trading session of the week, the domestic market continued to "swim against the current" strongly.
The Vietnamese stock market seemed to have a slowdown or slight fluctuations when the increase lasted for 3 months, but in reality, the opposite happened. The market grew quite comprehensively in terms of scores, liquidity, and investor sentiment.
The VN-Index increased in all 5 sessions of the week. At the end of the last trading session of the week, the VN-Index closed at 1,457.76 points, up 70.79 points (+5.1%) compared to the previous week. Thus, the VN-Index extended its 3-week streak of increasing points.
On the Hanoi Stock Exchange, the two main indices also had positive developments. Of which, the HNX-Index increased by +6.3 points for the week, closing the week at 238.81 points, equivalent to an increase of +2.71% compared to the previous week. Meanwhile, the UPCoM-Index increased by +1.55 points to close at 102.72 points.
The strong increase in prices of the “ Vingroup ” group of stocks, banking and securities groups, and a few other pillar stocks such as HPG and VJC were the main factors that helped the VN-Index increase by more than 70 points last week.
Statistics for the week showed that 16 out of 18 industries increased, of which real estate, basic resources, communications and financial services increased by over 6%, while personal goods and construction and building materials decreased by -0.1% and -0.7% respectively.
Not only the scores, liquidity also had a very impressive week of increase and this was the main support creating positive sentiment for the market last week. Statistics for the whole week, the total average trading value per session reached 34,124 billion VND/session, an increase of nearly 30% compared to the previous week. Liquidity increased sharply on all 3 floors, of which the HOSE floor reached 30,415 billion VND/session and also increased by more than 30% compared to the previous week.
Foreign investors had another very good trading week and this week's net buying was even better than last week. Accordingly, last week, foreign investors net bought more than 6,839 billion VND, much higher than the figure of more than 5,200 of the previous week. Thus, in just the last 2 weeks, foreign investors have net bought more than 12,000 billion VND.
Cash flow can also make an impression.
The domestic stock market is showing fairly even strength from both domestic and foreign cash flows. Expectations about cash flows in the first week of July have partly come true in the past week, when liquidity has regained the mark of more than 30 trillion VND/session. This is the peak liquidity area equivalent to the liquidity level when the market peaked during the Covid-19 period.
What is noteworthy last week is that cash flow not only participated strongly but also spread very well, instead of focusing on just a few certain pillar stocks like many previous weeks.
The same goes for foreign investors, the net purchase figure of 5-6 trillion VND/week is quite surprising. Although the total is not much compared to domestic money, foreign investors have been net buyers for 8 consecutive sessions and the total net purchase in 2 weeks is up to 12 trillion VND, which is an impressive number. This is enough to further stimulate investors' confidence in the market.
The strong market growth does not exclude the worry of a correction, however, it is understandable when there will be investors taking profits to protect their achievements. However, if money continues to support, the 1,500 point mark will not be difficult to reach. VN-Index needs momentum from liquidity.
The trend of the VN-Index can be considered as increasing in the long term, however, it can be seen that the differentiation between industry groups is still taking place. Investment opportunities also continue to appear more, but still need to be selective. Besides, it is necessary to pay attention to the market that may appear corrections in the short or medium term, when it will be possible to buy at more discounted prices.
Regarding the new week's market, the world is still uncertain, especially the Fed's moves or the tariff situation. The US President's tax policy has not yet been relieved of concerns as the numbers continue to be released and create reactions from many countries. This week, the US will announce inflation data for June. The country's consumer price index (CPI) in May is currently at 2.4% compared to the same period, which is relatively close to the Fed officials' target of 2%. Experts predict that the CPI in June will continue to be under control with an increase of 2.4% YoY, and this will have a significant impact on interest rate policy decisions at the meeting at the end of July, especially the important meeting in mid-September.
Domestically, the business results of listed enterprises will be announced in these weeks of July. Although the differentiation between industry groups and between codes within the industry is expected to continue, in general, enterprises with good business foundations and their own stories will still have positive results or maintain growth.
Technically, the short-term trend of VN-Index is growing above the nearest support of 1,450 points. VN-Index continues to aim for the price zone around 1,480 points and even higher if supported by cash flow.
Source: https://nhandan.vn/thi-truong-chung-khoan-tuan-moi-tien-vao-cuc-manh-khoi-ngoai-tang-mua-rong-co-hoi-tang-dai-han-lo-dien-post897116.html
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