VN-Index may maintain upward momentum after historic trading week

The domestic stock market has just experienced a prosperous trading week when the VN-Index increased by 6.18%, reaching its highest level in history. According to experts, the VN-Index can maintain its upward momentum in the short term.

VN-Index increased strongly in the session of October 12. Photo captured via screen

Last week was considered a historic trading week when the Vietnamese stock market was upgraded from a frontier market to a secondary emerging market by rating organization FTSE Russell, alongside the positive growth momentum of the economy .

At the end of the week, with 4 sessions of increase and 1 session of decrease, VN-Index stopped at 1,747.55 points, up more than 100 points (equivalent to 6.18%). This is the highest closing level of VN-Index ever. Thus, this index has broken out of the accumulation base that lasted for more than a month, heading towards the 1,750 - 1,800 point range.

Market breadth is positive in most sectors. Real estate stocks are the driving force of cash flow, with Vingroup group trading explosively with codes VIC, VHM, VRE, VPL.

The positive performance of this group is explained by expectations for the electric vehicle segment, in addition to the effect from the upgrade story for large-cap stocks.

In addition to real estate, steel, securities, retail, banking, oil and gas groups... also grew well during the week.

Market liquidity improved after 3 consecutive weeks of decline, trading volume on the Ho Chi Minh City Stock Exchange increased by 17.4% compared to the previous week. This shows that cash flow improved well after a period of adjustment and accumulation.

However, foreign investors still maintained net selling for the 12th consecutive week, with a value of VND5,046 billion on the Ho Chi Minh City Stock Exchange.

Phan Tan Nhat, Head of Analysis at Saigon - Hanoi Securities Joint Stock Company (SHS), commented that last week was a historic milestone when FTSE Russell announced that Vietnam was officially upgraded from a frontier market to a secondary emerging market, effective from September 21, 2026. Along with that, GDP growth in the third quarter of 2025 reached a high level, reinforcing expectations of GDP growth of over 8% for the whole year. This is an important turning point for the economy as well as the Vietnamese stock market.

According to this expert, investors have returned to an optimistic state, cash flow has improved and they have begun to select new investment opportunities based on reasonable valuations and expectations of good growth in third quarter business results.

“Investors can consider increasing the proportion of stocks with good fundamentals, leading in the industry, in strategic fields associated with outstanding economic growth,” Mr. Phan Tan Nhat recommended.

Meanwhile, experts from Asean Securities Joint Stock Company believe that VN-Index can maintain its upward momentum in the short term, but fluctuations may soon return due to the state of going against the main trend that often appears after the index surpasses the old peak. The near support zone of VN-Index is at 1,700 - 1,720 points, while the resistance zone is at 1,760 - 1,780 points.

Source: https://hanoimoi.vn/vn-index-co-the-duy-tri-quan-tinh-di-len-sau-tuan-giao-dich-lich-su-719347.html