VN-Index breaks 9-session growth streak: Stocks still attract billions of dollars in cash flow?

The stock market has just experienced an unprecedentedly exciting week, with the VN-Index continuously hitting new peaks and liquidity soaring. The banking group shined but also faced selling pressure at the end of the week.

An unprecedented exciting week

The stock market has just experienced an unprecedentedly exciting week, with the VN-Index closing the week up more than 45 points and surpassing the 1,600 point mark, an unprecedented high.

Specifically, the VN-Index increased for four consecutive sessions at the beginning of the week, before recording a decrease of nearly 11 points at the end of the week. Overall, the VN-Index increased by 45.05 points (+2.84%) for the whole week and closed at 1,630 points.

On the Hanoi Stock Exchange, the HNX-Index and Upcom-Index also had a positive trading week, ending the week with 282.34 points and 109.61 points, respectively.

During the week, banking stocks shone after the State Bank announced a 50% reduction in required reserve ratios for some credit institutions.

Vn-Index fluctuated strongly on the morning of August 18. Source: FPTS

However, in the last session of the week, profit-taking pressure increased on banking stocks and then real estate. Against the market trend, stocks with their own stories continued to show strong destructive power such as groups in the same ecosystem (VIX, EIB, VSC), construction (CII), oil and gas ( BSR ).

The weekly candlestick increased but was not complete when closing, creating a rather long “candle wick”. The average weekly matched liquidity remained high, up 69% compared to the 20-week average. In the last session of the week alone, the total transaction value on HoSE reached nearly VND59,100 billion, VND6,300 billion higher than the previous session.

Market sentiment was also more negative as foreign investors increased their net selling pressure with more than VND3,000 billion on the HoSE floor. Many pillar stocks were sold heavily such as Hoa Phat (HPG), FPT, MBB, VPB, VCB, VHM,SHB ...

Stock market still attracts billions of dollars?

It can be seen that after a long series of increasing points, from 1,100 points in April to over 1,600 points as at present, profit-taking pressure has increased significantly. The cautious sentiment caused the VN-Index to close down in the last session of the week, breaking the previous 9 consecutive increasing streak.

The notable point of the session was that the VN-Index opened with a strong increase and at one point reached a new historical peak of 1,666 points. However, unlike previous sessions, the increase could not be maintained as profit-taking pressure gradually increased, especially in many stocks in the real estate group, causing the market to reverse and decrease.

Liquidity on August 15 was high, with matched volume increasing by more than 20% compared to the average of 20 sessions. High liquidity, combined with the falling candlestick covering almost the entire body of the previous rising candle, showed that the uptrend had shown signs of slowing down.

According to CSI Securities, observing the recent sessions with explosive volume, up to 75% of VN-Index sessions closed down, indicating a high possibility of a correction in this area. Looking at the weekly chart, VN-Index has had 2 consecutive weeks of increases, but the increase in the previous week has tended to slow down as the increase was narrowed by the decrease at the end of the week.

Although the positive trend is still dominant on the weekly chart, a sell signal has emerged in the last session of the week. CSI believes that although the bullish signal is still dominant, the upward momentum has weakened over the past week and there is a high possibility of a correction in the sessions of the new week.

Sharing with VietNamNet , Mr. Luu Chi Khang, Director of the Research Center of CSI Securities Company, although the stock market has increased quite strongly and at one point reached a record of 1,666 points, in the coming time there are still supporting factors such as: the expectation of upgrading Vietnam's stock market from frontier to emerging in September and the possibility of the US Federal Reserve (Fed) reducing interest rates.

Mr. Luu Chi Khang also noted that compared to other investment channels, stocks are currently at the top in terms of profit growth. The stock market is still attracting a lot of money. Liquidity is at its peak and setting many records.

Many securities companies are also cautious. VCBS believes that the strength index has peaked and is starting to decline after a period of overheating.

On the other hand, according to VNDirect, if the correction occurs, it will be relatively mild, and the VN-Index could reach 1,900 points within the next year.

In the August 2025 market strategy report, the Research and Analysis Department of Maybank Investment Bank (MSVN) stated that stable profit growth and abundant liquidity will continue to support the stock market, raising the VN-Index target by 20% to 1,800 points by the end of 2025.

On the morning of August 18, the stock market fluctuated strongly. The VN-Index opened up more than 10 points. However, it then turned down. By nearly 10am, the VN-Index had increased by about 7 points, to 1,637 points.

World gold prices fell sharply, Vietnam's stock market increased the most in the world . World gold prices fell sharply in the early morning trading session of August 15 and broke through the strong support level, while SJC gold and plain gold prices reached a historical peak. Vietnam's stock market increased the most in the world.

Source: https://vietnamnet.vn/vn-index-dut-mach-9-phien-tang-chung-khoan-con-hut-dong-tien-ty-usd-2433126.html