The market started the week with a decrease of more than 24 points. In the following two sessions, when some large-cap stocks were discounted to reasonable prices, strong buying pressure helped the market rise again. The remaining trading sessions witnessed a clear differentiation as cash flow "left" banking and securities stocks and sought to dock in small and medium-sized stocks.
Notably, on September 26, VN-Index broke the previous 3 consecutive increasing sessions. With 3 increasing sessions and 2 decreasing sessions, VN-Index closed the trading week of September 22 - September 26 at 1,660.7 points, up 2.08 points (0.13%), extending the sideways trend for over a month.
The trading week opened with a red domination with 14/21 industry groups losing points. The real estate group increased by 2.86% thanks to the contribution of VIC code, the construction group (+2.39%) and insurance (+1.06%) were the three industry groups with the strongest increase in points this week. On the contrary, telecommunications technology, plastics, and steel were the three industry groups under the strongest adjustment pressure this week.
Liquidity continued to decline. Foreign investors extended their net selling streak with the value at the end of the week reaching 7,355 billion VND.
Experts from Vietnam Construction Securities Joint Stock Company said that the liquidity in the session of September 26 remained at a low level, showing that this decline has not had a negative impact on the general trend of the market. VN-Index closed the week with a slight increase (+0.13%) with liquidity decreasing compared to the previous 2 weeks, showing the cautious and hesitant psychology of investors.
Observations during the week show that cash flow prioritizes stocks with small and medium capitalization, focusing on real estate, infrastructure construction, construction materials, etc. The trend last week was mainly sideways with low liquidity, so the possibility of an explosion next week is not high, unless liquidity improves.
“In the coming sessions, the market will likely continue to move sideways with cash flow flowing to mid- and small-cap stocks in the groups that have increased sharply in the past week. Priority should be given to keeping a higher proportion of stocks and adjusting to the general market's correction to increase the stocks that have been purchased and make profits in the coming sessions,” this business expert recommended.
Phan Tan Nhat, Head of Analysis at Saigon - Hanoi Securities Company (SHS), said that in the short term, the VN-Index will accumulate after a period of strong price increases, surpassing the historical peak in 2022. For the general market trend to improve, new growth drivers are needed. This needs to be based on fundamental valuation factors, growth prospects in the final period of the year and a cautious assessment based on the expected business results in the third quarter of 2025. With the current market developments, many stocks after about a month of adjustment are at a relatively reasonable price range.
Therefore, investors can consider accumulating with the expectation of good growth in business results in the third quarter and at the end of the year. However, supply pressure may increase, many stocks may face short-term selling pressure when heading towards the old peak area.
Source: https://hanoimoi.vn/tuan-toi-chung-khoan-co-the-tiep-tuc-di-ngang-717577.html
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