VN-INDEX next week may reach 1,380

That is the assessment of Head of Macroeconomics & Market Strategy Department, Analysis Division of VNDirect Securities Company Dinh Quang Hinh about the stock market next week.

According to Mr. Hinh, the Vietnamese stock market closed an eventful week with positive developments.

He commented that after the "shake-out" session last Friday, the VN-INDEX jumped more than 20 points in the first session of the week when investors reassessed the risks from Middle East tensions - which have not had a significant impact on the macro economy and domestic business activities.

Experts predict that VN-INDEX next week may reach 1,380 - 1,400 points. (Illustration photo)

The recovery quickly spread, not only stopping at oil and gas stocks but also pulling leading groups such as banking, securities and steel to accelerate.

Domestic investor sentiment has improved significantly amid the Government's prioritization of growth-promoting policies, reinforcing expectations of positive business results for listed companies this year.

Abundant system liquidity, reflected in a sharp drop in interbank interest rates, is also a positive signal for financial investment channels.

Despite a series of important events such as the US Federal Reserve meeting to keep interest rates unchanged, derivatives expiration sessions and ETF structure, the market still maintained an upward trend.

VN-INDEX ended the week at over 1,350 points, up nearly 35 points (+2.6%) compared to last week.

“Entering the next trading week, the market will continue to “test supply” at the peak around 1,350 points. If VN-INDEX continues to hold above 1,350 points, the short-term uptrend will be consolidated, opening up expectations of conquering a higher zone at 1,380 - 1,400 points,” Mr. Hinh commented.

However, in the context of many risk factors still existing - especially the unpredictable conflict in the Middle East and the possibility of escalating into a regional conflict - investors should keep their portfolios in a balanced state, avoiding excessive increase in weight.

Risk management remains key, despite the market showing more positive signs. Stocks with good liquidity and stable business prospects, less affected by geopolitical tensions such as retail, technology and real estate, may be prioritized during this period.

At the end of this week, stocks increased by nearly 34 points with great momentum coming from the first session of the week thanks to the excitement of pillar stocks in the banking, oil and gas, and real estate groups. In the following sessions, the market changed colors, and cash flow also diversified by industry group instead of being in consensus across the board.

Mr. Nguyen Viet Quang, Business Director of Yuanta Securities Company, said that in the context of still having no clear information about global geopolitical tensions, tariff negotiations and business results in the second quarter of 2025, many securities companies advise investors to maintain a reasonable proportion.

However, in reality, from the domestic market recently, the increased trading volume not only helps improve profits from margin lending but also significantly supports proprietary trading activities - two main pillars in the profit structure of securities companies.

The reason is that the optimistic sentiment in the market along with the increase in transaction volume has brought positive results to the profitability of the industry. The return on average total assets (ROAA) increased to 4.2% in the first quarter of 2025, higher than 3.7% in the last quarter of the previous year.

Major securities companies continued to record strong profit growth from core business segments, such as: MBS increased income from margin lending, SSI benefited from its fixed-income instrument portfolio, and Techcom Securities Joint Stock Company (TCBS) increased its bond issuance consulting fees.

Meanwhile, small and medium-sized companies such as Vietnam Joint Stock Commercial Bank for Industry and Trade Securities (CTS), VIX Securities Joint Stock Company (VIX) or Dragon Viet Securities Joint Stock Company (VDS) also recorded significant improvements when ROAA increased by 390 basis points, reaching 5.5% in the quarter, thanks to positive stock investment results in the context of recovering market valuations. However, not all of them grew positively...

“Therefore, if disbursing, it is necessary to target stocks with good fundamentals, leading in strategic industries, focusing on “national” stocks, in which it is advisable to research and invest in the steel, construction materials, industrial park real estate, banking, aviation industries…” , Mr. Quang commented.

PHAM DUY

Source: https://vtcnews.vn/vn-index-tuan-toi-co-the-dat-moc-tu-1-380-1-400-diem-ar950074.html