VN-Index regains the 1,700 point mark.

However, liquidity has not yet returned, with trading volume reaching only 633.5 million shares, equivalent to a value of over 21,000 billion VND.

Amidst cautious buying pressure and a highly polarized market, many large-cap stocks, notably those in the Vingroup and Gelex groups , continued to be the driving force behind the VN-Index's surge, surpassing the psychological 1,700-point mark.

Specifically, the Vn-Index rose thanks to several key stocks such as: VIC (+3.65%), VPL (+6.95%), VHM (+1.41%), GEE (+6.95%), GAS (+3.15%)...

Even more impressively, PLP continued its strong upward trend around the ceiling price; TTF and TMT also briefly showed their upward momentum; and HID increased by 2.96%...

Meanwhile, on the HNX exchange, the HNX-Index closed down 2 points at 257 points. The Upcom-Index rose slightly by 0.16 points to 119.14 points.

The VN-Index regained the psychological 1,700-point mark.

Predicting market developments this week, Mr. Le Duc Khanh - Director of Analysis at VPS Securities - believes that, according to market data statistics, December will still be a month of declining trading volume. With a clear "uptrend" like this year, besides the strong gains in previous months and interspersed corrections, a recovery back to the previous peak area of 1,700 - 1,750 points or higher will be the trend for the VN-Index in December.

The cautious and hesitant trading reflects a wait-and-see attitude for the next market surge. Of course, there are other possible reasons, such as investors holding portfolios that are currently "in the red" (not yet "green"), holding onto familiar stocks that are "under correction," or previously popular stocks, while capital is being diversified into a number of other specific stocks.

Perhaps the market is lacking sufficiently strong supporting information, or at least needs more time before entering a clearer upward recovery phase, especially requiring a significant increase in liquidity during this period.

According to experts fromACB Securities Company Limited, the VN-Index is likely to maintain its upward momentum and approach the important resistance level of 1,700 points – a milestone confirming the possibility of breaking out of the prolonged correction trend. However, due to the lack of significant liquidity, the likelihood of conquering the 1,700-point mark in the short term remains low.

Meanwhile, Saigon - Hanoi Securities Joint Stock Company (SHS) forecasts a short-term trend of positive consolidation for the VN-Index around the support zone of 1,645 points, corresponding to the 20-day moving average, with expectations of reaching the 1,700-point level.

The VN-Index has recovered well, driven by a few strong stocks, while most remain under prolonged consolidation pressure. Many stocks and groups that peaked in September and October 2025 have now reached relatively reasonable price levels, with increased demand at lower prices and reduced supply pressure, forming short-term bottoms after the correction phase. However, the market still offers few quality investment opportunities, and cautious assessment is needed when considering investment.

Ngoc Vy

Source: https://vtcnews.vn/vn-index-lay-lai-moc-1-700-diem-ar990433.html