VN - Index exceeds 1,700 points: Is it an opportunity for investors to hold cash?

(NLDO) – Continuously hitting new peaks, the Vietnamese stock market is attracting massive cash flows into all stock sectors.

VN-Index surpasses 1,700 points for the first time

On the morning of September 5, the Vietnamese stock market once again surprised investors. Immediately after the ATO session, the VN-Index jumped nearly 13 points, officially surpassing 1,700 points - an unprecedented milestone in history.

Just a few months ago, when the market was still struggling in the 1,400 - 1,500 point range, few people dared to imagine that one day in the near future, the VN-Index could rise to the 1,700 threshold. However, since the deep decline in April, the strong recovery momentum has continuously brought the market up, opening one of the most exciting periods of Vietnamese stocks.

By the end of the morning session, the market was still in an excited state. The VN-Index temporarily stopped at 1,705.3 points, up 9.01 points (+0.53%) compared to the reference. The VN30 also maintained a steady increase, reaching 1,890.88 points, 7.29 points higher (+0.39%). The HNX-Index increased more strongly, to 286.49 points, while UPCoM slightly decreased by 0.13 points, to 111.72 points.

Green dominated the HoSE with 190 stocks increasing, overwhelming 115 stocks decreasing. Cash flow was still spreading positively, focusing on real estate, finance, industry and some energy stocks. Liquidity in the morning session reached over VND20,134 billion.

Notably, many industrial real estate and oil and gas stocks broke out, pulling the index up. In the financial group, differentiation appeared but some large banks still maintained a slight increase.

Vietnam's stock market successfully conquered the 1,700 point threshold, a record level in the past 25 years.

What opportunities are there for investors standing outside?

The index continued to rise, surpassing the 1,700 point mark, surprising both analysts and domestic investors.

On stock forums, many investors expressed regret. When the market was at 1,400 points, they waited for a correction to buy stocks. When it reached 1,500 points, then 1,600 points, they were still waiting. And now, when the VN-Index has reached 1,700 points, they have to stand outside and watch, both worried and regretful.

Many investors "couldn't believe it" when VN-Index hit a peak, surpassing 1,700 points in a short time.

VPS Securities Company believes that the next resistance zone of the market could be 1,740 - 1,760 points, but investment opportunities are no longer widespread but focused on a number of stocks with reasonable fundamentals and valuations.

Meanwhile, SHS Securities Company believes that short-term opportunities will shift to stocks that have not increased much but have positive business prospects in the third quarter, such as residential real estate, construction, and materials.

Mr. Dao Hong Duong, Director of Industry and Stock Analysis - VPBank Securities Company, said that the P/E valuation of VN-Index is currently around 15 times, just slightly higher than the 10-year average. The important difference compared to the 2021 period is that the current market momentum comes from corporate profit growth, instead of cheap cash flow.

According to this expert, in the first half of 2025, the after-tax profits of listed enterprises increased sharply, while GDP continued to accelerate. It is this "real growth" factor that is creating confidence for investors in the possibility that the stock market will go further.

VN-Index surpassing 1,700 points is not just a number but also a testament to the resilience of the economy , to the confidence that is gradually returning. However, the market is always surprising and those who step forward in excitement need to prepare themselves with the necessary caution.

Source: https://nld.com.vn/lan-dau-tien-vn-index-vuot-1700-diem-nha-dau-tu-cam-tien-mat-con-co-hoi-196250905112016241.htm