Total stock market capitalization reached about 299 billion USD

Cash flow is coming back

Notably, in the face of uncertain factors such as the US imposing tariffs, cash flow is tending to increase into stocks serving domestic demand, consumer retail, construction, real estate, and finance.

Analysts say that after “breaking out” of the 1,300-point barrier, along with positive information, domestic demand has become stronger. The average trading value on HOSE has continuously reached more than VND20,000 billion/session, which is a sign that cash flow is returning and may not be withdrawn soon. The market's upward momentum is being reinforced by fundamental factors, not simply a short-term wave.

According to VNDIRECT Securities Joint Stock Company (VNDIRECT), the Vietnamese stock market had a strong breakout week, closing the week up 20.69 points to 1,326.05. The market's growth slowed down in the first three sessions of the week due to profit-taking pressure and mixed developments surrounding the US's imposition of tariffs on Mexico, Canada and China.

However, the market broke out in the last two sessions of the week thanks to positive domestic news. Specifically, the State Bank announced that it would stop issuing treasury bills after a long period of using this tool to regulate liquidity, a move that demonstrates a strong commitment to supporting liquidity for the system to lower market interest rates as directed by the Government .

At the same time, the State Bank also deployed additional OMO (open market operations) lending contracts of up to 91 days to support longer-term liquidity for the banking system.

After the State Bank's move, interbank interest rates have fallen sharply, with overnight interest rates falling to around 4%. This has boosted the market's growth, especially in banking and securities stocks.

The market was given more impetus in the last session of the week thanks to the news that Vinpearl Joint Stock Company had submitted documents to list more than 1.79 billion shares on the Ho Chi Minh City Stock Exchange (HOSE), a very notable move after a long period of the market lacking IPOs (initial public offering) and listings of large, typical enterprises. After this news, VIC shares hit the ceiling.

VNDIRECT believes that, moving into next week, with the positive sentiment spreading, the market can maintain its upward momentum and head towards the strong resistance zone of 1,340 - 1,360 points. This is a strong resistance zone with a large accumulated supply in the past, so fluctuations will appear.

Experts from Vietnam Construction Securities Joint Stock Company (CSI) commented that VN-Index maintained its upward momentum in the last trading session of the week. Notably, VN-Index successfully tested the final resistance level of 1,327 points in the expected resistance range of 1,307 - 1,327 points with high liquidity, the matched volume exceeded the average level, increasing by 21.7% compared to the average level of 20 sessions.

Looking at the weekly chart, VN-Index had its 7th consecutive week of increase, up 1.59% with the strong support of liquidity. The matched volume last week set a new peak in 2025, soaring 62.3% compared to the 20-week average, showing the excitement of investors. The upward trend continued to dominate last week without any notable correction signals.

The notable point last week was the real estate sector. There was a shift in cash flow between industrial real estate and residential real estate. Residential real estate stocks rose strongly last trading week with strong support from foreign investors.

Specifically, last week, foreign investors net bought 311 billion VND of residential real estate stocks, while net selling 34 billion VND of industrial real estate stocks. In addition, the residential real estate group had the strongest increase in the week (5.7%) while industrial real estate decreased slightly (0.01%).

This rotation shows a signal of profit-taking in the industrial real estate group to rotate to residential real estate. This is likely the start of an increase in the price of residential real estate stocks after a previous accumulation period, CSI commented.

This uptrend, according to CSI, could lead to the resistance level of 1,360 - 1,365 points in the coming weeks. However, at the resistance level of 1,327 points, the possibility of a correction to the support zone of 1,290 - 1,310 points is very high.

Saigon - Hanoi Securities Joint Stock Company (SHS) said that the market increased for the 7th consecutive week. Strong increases were seen in rubber, securities, steel, real estate, banking stocks... while correction pressure appeared in the oil and gas group due to pressure from falling oil prices, telecommunications...

Market liquidity also increased for 7 consecutive weeks with trading volume on HOSE increasing by 19% compared to last week, returning to nearly 1 billion shares/session this week. This shows that cash flow is still improving quite well. Many stocks have increased demand, causing sudden liquidity. Foreign investors reduced net selling pressure on HOSE with a value of 776.8 billion VND.

In the short term, VN-Index maintains growth with the nearest support zone around the psychological level of 1,300 points. With a positive outlook, it is expected that VN-Index will head towards the price zone of 1,400 points in the near future.

SHS believes that in the short term, market quality is still improving positively, with good differentiation based on fundamental factors and medium- and long-term growth expectations. The current total market capitalization is about 299 billion USD, equivalent to 63% of GDP 2024. This is not a very attractive price range, but the market still has many short-term opportunities for rotation in industry groups when the VN-Index surpasses the resistance of 1,300 points.

In fact, the Vietnamese stock market is bustling thanks to the return of domestic cash flow, in the context of declining world stock markets.

US stocks have the biggest weekly decline in six months

US stocks rebounded on Friday but posted their biggest weekly decline in months as President Donald Trump's trade moves continued to unsettle investors.

On March 6, President Trump decided to temporarily postpone the implementation of the tariff order on imports from Canada and Mexico under the United States-Mexico-Canada Free Trade Agreement (USMCA) for 4 weeks. At the same time, the decree on additional 20% tariffs on imported goods from China officially took effect. Reciprocal trade barriers, along with additional taxes, are expected to take effect in the coming weeks.

The Trump administration's tough stance has rocked global stock markets this week. Wall Street saw its biggest weekly decline in months. Both major indexes, the S&P 500 and Nasdaq, recorded their third consecutive weekly decline, the longest losing streak since mid-July to early August last year. The S&P 500 ended the week down 3.1%, the most since September 2024, while the Nasdaq fell 3.45% and the Dow Jones fell 2.37%.

However, considering the weekend session (March 7), the US stock market increased after the speech of the Chairman of the US Federal Reserve (Fed), Jerome Powell, about the situation of the US economy .

Mr. Powell commented that the economy is still "in good shape" and it is necessary to monitor whether the tax plan of President Donald Trump's administration causes inflation or not.

At the end of the trading session on March 7, US stock indexes recorded increases. Specifically, the Dow Jones index increased 0.52% to 42,801.72 points. The S&P 500 index increased 0.55% to 5,770.20 points, while the Nasdaq Composite index increased 0.70% to 18,196.22 points.

Data released early on March 7 showed that US job growth accelerated in February 2025 compared to the previous month. However, the data did not fully reflect recent layoffs from federal government agencies. In addition, the unemployment rate rose to 4.1%, raising concerns about the US economic recovery.

In European stock markets, the STOXX 600 index fell 0.7% last week, ending a 10-session winning streak, the longest since early 2024.

Source: https://doanhnghiepvn.vn/kinh-te/von-hoa-toan-thi-truong-chung-khoan-dat-khoang-299-ty-usd/20250310102937328