Stock market next week:

The domestic stock market has just experienced a week of sharp decline. According to experts, the market's performance next week depends on the results of the market upgrade assessment.

During the last trading week of the third quarter and the beginning of the fourth quarter, VN-Index continued to accumulate within a narrow range, below the resistance zone around 1,700 points.

In the first three sessions of the week, the VN-Index fluctuated narrowly around 1,660 points with declining liquidity, then faced stronger selling pressure in the next session.

With 2 increasing sessions and 3 decreasing sessions, at the end of the week from September 29 to October 3, VN-Index closed at 1,645.82 points, up nearly 15 points (-0.9%).

The market decreased slightly on October 3. Photo captured via screen

Market breadth is leaning towards a rather negative adjustment, most industry groups decrease; in which fertilizer, chemical, construction, seaport, insurance, oil and gas, steel, real estate... groups decrease sharply; agriculture , banking... groups recover.

Liquidity decreased for the third consecutive week, with trading volume on the Ho Chi Minh City Stock Exchange averaging 814 million shares per session, down 10.6% from the previous week, showing a weakening cash flow after a period of overheating.

Market sentiment is less optimistic as there are not many clear opportunities. Foreign investors have been net sellers for 11 consecutive weeks, net selling this week with a value of 7,267 billion VND on the Ho Chi Minh City Stock Exchange.

Expert Phan Tan Nhat, Head of Analysis Team at Saigon- Hanoi Securities Joint Stock Company (SHS), said that after a period of strong growth, the VN-Index is accumulating within a narrow range and needs a big momentum with strongly improved liquidity to be able to break out.

Investors will re-evaluate fundamental factors, third-quarter macroeconomic information, update business results and growth prospects in the final period of the year, and wait for information on the announcement of the market upgrade assessment results.

“Investors should maintain a reasonable proportion. The investment target is stocks with good fundamentals, leading strategic industries, and outstanding growth,” Mr. Phan Tan Nhat recommended.

Experts from ASEAN Securities Joint Stock Company also commented that the VN-Index next week will depend on the results of the FTSE Russell stock market classification report, expected to be announced in the early morning of October 8.

For short-term investors, it is advisable to maintain current positions in stocks with safe capital values ​​and positive short-term uptrends.

Investors with a high cash ratio can observe and wait for new disbursement points with groups of stocks that have support stories such as banks, securities, real estate. New purchases should only be made in the direction of partial disbursement.

Long-term investors should only increase their investment proportion when the market shows signs of decline, focusing on leading stocks with prospects of profit growth in the 2025-2026 period.

Source: https://hanoimoi.vn/thi-truong-chung-khoan-tuan-toi-cho-ket-qua-danh-gia-nang-hang-718486.html