Entering this morning's trading session, July 18, demand entered the game strongly with a vibrant cash flow continuing to circulate through stocks and industry groups, especially real estate stocks. VN-Index quickly challenged the strong resistance zone of 1,500 points in less than 30 minutes of opening.
In addition to the market's biggest pillar still being VHM, a series of small and medium-sized real estate groups are also racing to take the opportunity. According to recorded data, this industry index has had an impressive increase since the beginning of the year to nearly 77%, the highest compared to the remaining groups.
In addition, the non-essential consumer group also recorded an increase from the beginning of the year to the second place with more than 23%. Currently, although the developments are somewhat differentiated, in the buying direction, there are still large and medium-cap stocks such as MWG increasing by 0.57%, PNJ increasing by 0.35%, FRT increasing by 0.39%, DGW increasing by 4.61%...
However, like the times of conquering new peaks, as soon as it reached the above mark, the market turned to retreat due to increasingly high profit-taking pressure.
At the end of this morning's session, July 18, the VN-Index decreased by nearly 3 points to 1,487 points. Market liquidity reached VND18,251 billion.
The correction that occurs when the market increases too quickly is what some securities companies predict. VCB Securities Company has commented that the VN-Index has a positive derivatives expiration session as it approaches the historical peak with domestic cash flow increasing strongly, replacing the momentum from foreign investors. Industry groups in the market are actively rotating to increase points, keeping the market pace.
The VN-Index is high, so there is a probability of fluctuations in the session because the profit-taking factor will not be inevitable. Investors should closely follow market developments, avoid chasing stocks that are on a strong upward trend and consider disbursing new stocks that attract cash flow such as oil and gas and retail during fluctuations.
Dr. Nguyen Duy Phuong, Investment and Strategy Director of DG Capital, said that in the long term, the outlook for the stock market is still closely linked to the growth target of the economy. If the economy truly achieves the expected growth rate, the stock market will certainly grow accordingly, reflecting the scale and quality of the economy in the long term.
In the short term, according to the assessment of the State Securities Commission and many international financial institutions, it is likely that the Vietnamese stock market will be upgraded by FTSE from a frontier market to an emerging market in 2025. The upgrade will attract more attention from international institutional investors, thereby creating strong growth momentum for the market.
With the current convergence factors, the fact that the VN-Index will surpass the 1,500-point mark is just a matter of time. However, the stock index has increased by nearly 30% in a short time, so it can be expected that the market will soon have a necessary correction for the market to continue to grow more sustainably.
In the current context, experts are advising investors to be cautious, saying that chasing the psychology of excitement is likely to face the risk of adjustment after a strong increase. Therefore, investors need to maintain a cautious mentality.
