Stock investors entering today's trading session on July 15 are still in a state of excitement after a series of increases along with a strong return of cash flow. However, when the VN-Index approached the 1,500-point threshold, the adjustment pressure also occurred according to previous forecasts by experts.
The sales order began to be put on the electric board right before the market entered the final matching period. Notably, the sales order focuses on stocks with large capitalization. At the end of the trading session, the VN-Index decreased by 9.77 points, down to 1,460.65 points.
Total matched volume reached more than 1,405 million units, worth VND34,302.8 billion, up slightly by 4% in volume and 9% in value compared to yesterday's session. The VN30 bluechip group changed color, with 25 codes reduced at the end of the session. However, most of them have only decreased slightly.
If in previous sessions, the group of stocks called Vingroup was the "push-up" for the index, today's session, VIC and VHM are the stocks in the group that negatively impacted the market. On the other hand, the index received support from the codes GEE, GEX, LPB, SSI, OCB.
In contrast to the domestic disbursement, foreign investors have stepped up their buying, thanks to which the net buying value on today's HoSE exchange exceeded the 1,000 billion VND mark. According to statistics, there are 2 codes with a net purchase value of more than 200 billion VND: SSI and DXG. On the contrary, foreign investors are net sellers of GMD, VCI, TCH, HPG, HAH, VHM codes.
According to the analysis of many experts, this correction is necessary to consolidate the market's upward momentum in the medium and long term after the VN-Index has increased for 7 consecutive sessions and profit-taking pressure has increased significantly.
From a market psychological perspective, many technical analysis departments at large securities companies have the same assessment that technical factors are positively consolidating the medium-term trend of the VN-Index.
However, the VN-Index has increased by nearly 33% since the bottom of April 2025, a short-term adjustment is inevitable as the valuation level is now less attractive. A noteworthy point is that although the total market-wide leverage debt balance is at a record high, the leverage ratio on equity of securities companies is still low because equity has been increasing steadily. Therefore, liquidity is still likely to improve further and the cash flow waiting to buy is still in place.
In that context, the appropriate strategy is to proactively increase the proportion in industry groups with a clear supporting macro foundation in upcoming adjustments. Although the possibility of deep adjustment is not high because the leverage ratio is still modest, selecting stocks with basic supporting factors will be a key factor.
