The Vietnamese stock market is going through a series of days of " sublimation" in both scores and liquidity. And since the opening of the new trading session on August 11, the market continued to maintain a strong upward trend, with large and small stocks racing to increase prices.
At the end of the morning session, the VN-Index increased by 15.46 points to officially reach its highest peak ever - 1,600 points. Market liquidity in the morning session reached more than 24,400 billion.
Strong cash flow spreads the market, with the main destination being banking stocks, securities, real estate and public investment. Notably, MSN shares maintained their heat with explosive liquidity of up to VND1,800 billion in the morning session and increased their range to VND82,000/share.
In terms of industry groups, in addition to the positive developments of key groups such as banking, securities, and real estate, public investment stocks are a bright spot in the market.
Experts assess that the belief in a strong GDP growth cycle of 8-10%/year, along with the timing of upgrading, in the context of low interest rates and promoting public investment strongest in many years, is resonating to strengthen confidence and optimism for investors, in contrast to four months ago when Vietnam was suddenly subject to high taxes from the US.
SGI Capital believes that the attraction of the stock market recently is attracting cash flow from many other investment channels such as real estate and digital currency. Along with the explosion of liquidity, margin's usage also increased beyond the 2022 peak.
The Vietnamese stock market has had an impressive increase of 45% after 4 months, bringing the valuation to the 10-year average. Some industry groups and stocks have increased sharply to high demand and have been met by supply when trading with 3-5% per day. On the contrary, there are still stocks in attractive areas for investment cash flow to choose during the period when interest rates are still low and the deadline for raising the deadline is approaching.
SSI Research also stated that the main driving force of the market comes from the solid recovery of profit growth, supported by the recovery of the real estate and public investment markets, a favorable interest rate environment, concerns about tariff risks are gradually easing and especially the expectation of upgrading the market in October.
SSI Research maintains its forecast for after-tax profit growth in the whole market in 2025 at 13.8% compared to last year, corresponding to a growth rate of 15.5% in the last 6 months of the year, although there may be a slight adjustment after the financial reporting season ends.
