VN-Index increased by more than 16 points, green covered the market

On the morning of November 17, VN-Index recorded a positive increase as cash flow spread strongly in the large-cap group. Many experts assessed that the market recovery trend would continue to be consolidated in the short term.

At the end of the morning session, VN-Index increased by 16.39 points to 1,651.85 points (+1%); HNX-Index increased by 1.68% to 269.44 points; and UPCoM-Index increased by 0.68% to 120.77 points. Total market liquidity reached more than VND 12,065 billion, an improvement compared to the previous sessions.

Green color spreads across the market in the morning session of November 17. Screenshot

The VN30 group maintained its leading role when 25/30 stocks increased in price, most notably VIC increased by 6.08%, continuing to contribute greatly to the index's upward momentum. Other stocks such as VHM (+1.02%), MBB (+0.84%), VPB (+0.63%), HPG (+0.61%), GVR (+0.59%), MSN (+0.59%) all provided positive support.

According to an analyst from a securities company in Ho Chi Minh City, the rebound of VIC - VHM shows that cash flow is finding its way to the leading real estate group after an accumulation period, thereby improving the overall sentiment of the entire market.

On the downside, only a few codes adjusted slightly such as BVH, CRV, GEE but did not significantly affect the index.

The VN30-Index increased by 19.24 points to 1,890.78 points (+1.03%), showing that investor sentiment is clearly improving.

Notably, foreign investors continued to net sell more than 766 billion VND, focusing on STB, VHM, VCI, VRE, VIX. On the other hand, HPG was net bought 132.97 billion VND, continuing to be a bright spot in the steel group.

According to securities companies, net selling pressure from foreign investors is still present but domestic buying power is dominating. The market is now relying more on domestic strength, especially when speculative cash flows return strongly to the real estate and industrial sectors.

At the end of the morning session, the market recorded 411 stocks increasing, only 217 stocks decreasing, showing a very positive breadth. In terms of industry groups, utilities, energy, and essential consumer goods increased slightly, trading was more cautious.

According to the assessment of securities companies, the positive developments in recent sessions show that the trading week of November 17-21 plays an important role in re-establishing a new balance zone for the VN-Index. Technical signals and cash flow are moving in a favorable direction, although the market still has some points that require caution.

According to VikkiBankS, VN-Index still maintains a stable balance when sticking closely to the 100-day SMA line, a level considered an important medium-term support. The continuous cash flow rotation between sectors such as banking, real estate, industry and construction materials shows that demand is not "clustered" like in previous weeks.

Stocks positively affect the two indexes VN-Index and VN30-Index. Screenshot

VikkiBankS emphasized that in the fourth quarter, which is also the business results reporting season, investors should prioritize stocks with solid foundations and good growth prospects to take advantage of the recovery.

Meanwhile, BSC assessed that the 1,625-point area is becoming an important buffer zone, helping the index stabilize after the previous strong correction. If this base zone can be maintained, the VN-Index can accumulate in a narrow range before forming a new trend.

However, BSC noted that risks still exist when general liquidity has not really broken out and investor sentiment has not been completely stable. Therefore, the safe strategy is still to prioritize available positions and limit price-chasing transactions.

Aseansc recorded a recovery in points but emphasized that trading volume was still lower than average, showing that a large part of the cash flow was still on the sidelines. The 1,640 - 1,645 point zone was considered by Aseansc as an important technical resistance level this week.

According to this unit's assessment, the market may experience fluctuations when approaching the resistance zone, especially if demand does not improve. To make a clear breakthrough, VN-Index needs to establish an increasing session with liquidity exceeding the 20-session average.

Meanwhile, VCBS continues to maintain an optimistic view on the short-term outlook. Technical indicators such as MACD, RSI and CMF all agree on an upward trend, showing that buying power is returning.

VCBS also believes that the index's nearest target is the 1,640 - 1,650 point range, corresponding to the MA20 line. This will be the "strength test" zone of the recovery trend. In case liquidity improves, the VN-Index can move further towards the 1,700 point mark, acting as a stronger resistance in the medium term.

Meanwhile, TPS assessed that the VN-Index breaking out of the short-term downtrend line was the most notable technical signal of the week. This shows that selling pressure has cooled down, opening up new room for growth with targets at 1,650 points and 1,686 points, respectively.

However, TPS also warns investors to observe the market's reaction at the near resistance zone, avoiding excessive excitement leading to the risk of buying at high prices.

With the momentum from the VN30 group and positive market breadth, experts predict that the VN-Index may continue to challenge the 1,655 - 1,660 point range in the afternoon session. If liquidity remains above VND20,000 billion for the whole day, it will be a signal to strengthen the short-term recovery trend.

Source: https://baotintuc.vn/thi-truong-tien-te/vnindex-tang-hon-16-diem-sac-xanh-bao-phu-thi-truong-20251117114959367.htm