That's the assessment of Dinh Quang Hinh, Head of Macroeconomics & Market Strategy, Analysis Division of VNDirect Securities Company, regarding the stock market next week.
According to Mr. Hinh, the Vietnamese stock market concluded a week of many events with positive developments.
He noted that, after the "shakeout" session last Friday, the VN-INDEX surged by more than 20 points in the first trading session of the week as investors reassessed the risks from Middle East tensions - which have not yet significantly affected the macroeconomic situation and domestic business activities.
Experts predict that the VN-INDEX could reach between 1,380 and 1,400 points next week. (Illustrative image)
The rapid recovery spread widely, not only affecting oil and gas stocks but also pulling leading sectors such as banking, securities, and steel to accelerate their growth.
Domestic investor sentiment has improved significantly amid the government's priority on growth-boosting policies, reinforcing expectations for positive business results from listed companies this year.
Abundant system liquidity, evidenced by the sharp decline in interbank interest rates, is also a positive sign for financial investment channels.
Despite experiencing a series of important events such as the US Federal Reserve meeting keeping interest rates unchanged, derivative expiration sessions, and ETF restructuring, the market has maintained its upward trend.
The VN-INDEX closed the week above 1,350 points, up nearly 35 points (+2.6%) compared to the previous week.
“Entering the next trading week, the market will continue to ‘test supply pressure’ at the peak around 1,350 points. If the VN-INDEX continues to hold above 1,350 points, the short-term upward momentum will be strengthened, opening up expectations of conquering higher levels at 1,380 - 1,400 points,” Mr. Hinh commented.
However, given the continued presence of numerous risk factors – particularly the unpredictable nature of the conflict in the Middle East and the possibility of it escalating into a regional conflict – investors should maintain a balanced portfolio and avoid excessive increases in their holdings.
Risk management remains a key factor, even as the market is showing more positive signals. Stock groups with good liquidity and stable business prospects, less affected by geopolitical tensions, such as retail, technology, and real estate, may be preferred for holding during this period.
At the end of this week, the stock market rose nearly 34 points, largely driven by the strong performance of blue-chip stocks in the banking, oil and gas, and real estate sectors at the start of the week. In subsequent sessions, the market fluctuated, with capital flows diversifying across sectors rather than being uniformly distributed.
According to Mr. Nguyen Viet Quang, Business Director of Yuanta Securities Company, given the lack of clear information regarding global geopolitical tensions, tariff negotiations, and Q2/2025 business results, many securities companies advise investors to maintain a reasonable portfolio allocation.
However, recent trends in the domestic market show that increased trading volume not only improves profits from margin lending but also significantly supports proprietary trading – two key pillars in the profit structure of securities companies.
This is due to optimistic market sentiment coupled with increased transaction volume, which has resulted in positive profitability for the industry. The average return on assets (ROAA) increased to 4.2% in Q1 2025, higher than the 3.7% of the last quarter of the previous year.
Major securities companies continue to record strong profit growth from their core business segments, such as: MBS increasing income from margin lending, SSI benefiting from its fixed-income portfolio, and Techcombank Securities Joint Stock Company (TCBS) boosting revenue from bond issuance advisory fees.
Meanwhile, small and medium-sized enterprises (SMEs) such as Vietnam Industrial and Commercial Bank Securities Joint Stock Company (CTS), VIX Securities Joint Stock Company (VIX), and Rong Viet Securities Joint Stock Company (VDS) also recorded significant improvements, with ROAA increasing by 390 basis points to 5.5% in the quarter, thanks to positive stock investment results amidst a market valuation recovery. However, not all experienced positive growth...
"Therefore, if investing, it is necessary to target stocks with strong fundamentals, leading in strategic sectors, with a focus on 'national' stocks, and in particular, consider investing in sectors such as steel, construction materials, industrial real estate, banking, and aviation..." , Mr. Quang commented.
Source: https://vtcnews.vn/vn-index-tuan-toi-co-the-dat-moc-tu-1-380-1-400-diem-ar950074.html
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