Continue to take profit on stocks?

(NLDO) – Profit-taking pressure increased in the market as the VN-Index marked 8 consecutive weeks of increase, many stocks began to be profit-taken.

VN-Index has had 8 consecutive weeks of increasing points from 1,220 points to 1,350 points. At the end of the week, VN-Index stopped at 1,326.15 points, up 0.01% compared to the previous week, with a very strong differentiation between stock groups.

Stocks in the information technology, oil and gas, industry, insurance, construction, and port - transportation sectors have many codes under strong selling pressure with sudden volume, showing short-term distribution pressure.

For example, FPT shares fell sharply by 3.74% in the last session of the week with a sudden increase in matched volume of more than 16 million shares.

This development caused FPT shares to fall to their lowest level since late November 2024, after falling more than 7% last week.

On the other hand, SHB shares increased by 7% at the end of the week with a sudden increase in matched volume of more than 132.3 million units. SHB shares reached their highest level since the beginning of the year.

Foreign investors continued their strong net selling trend on HOSE with a value of more than 1,700 billion VND this week.

Chứng khoán tuần tới (từ 17 đến 21-3): Tiếp tục chốt lời cổ phiếu?- Ảnh 2. — VN-Index increases for 8 consecutive weeks but the growth momentum is weakening

Experts from Pinetree Securities Company commented that the VN-Index's growth slowed down last week when the market showed signs of profit-taking. The banking group had adjusted in advance, while cash flow continuously pulled Vingroup to anchor the index and dumped mid-cap stocks.

The news supporting the market last week also gradually faded, after the VN-Index had gone through a series of 7 consecutive weeks of increase (up more than 8% since the beginning of January 2025). It is forecasted that next week, the VN-Index will need to have a correction to accumulate before it can go further. The market may accumulate around the 1,308 - 1,320 point range.

SHS Securities Company forecasts that VN-Index may be under pressure to correct, retesting the psychological support zone around 1,300 points. Now is not the right time to buy more stocks. For investors with a high proportion of stocks, an over-expanded portfolio, they can consider reducing and restructuring weak stocks. If buying more, they need to be carefully selected and will be carefully evaluated based on the business results of the first quarter of 2025.

Many opinions also believe that the liquidity exploded last week but the VN-Index score did not increase accordingly, which would signal a decline.

According to Vietnam Construction Securities Company (CSI), VN-Index had a trading week that was almost flat in terms of points compared to the previous week (+0.01%), but liquidity exploded, setting a new peak in 2025. This is a sign that the increase in points is not commensurate with the effort to explode liquidity, signaling a correction is likely to appear after 7 weeks of impressive increases before.

"The expected correction will return to the strong support zone of 1,286 - 1,290 points, waiting for bottom-fishing power. Therefore, investors should limit new purchases and patiently wait for the correction to return to the above support zone before strongly returning to the net buying position" - CSI recommends.