In the second trading week after the National Day holiday, the stock market returned to trading with widespread selling pressure, reflecting the cautious sentiment of many investors.
The market is in the stage of evaluating and restructuring portfolios, preparing for the last 3 months of the year.
Notably, the average transaction value continued to decrease, down to 10,000 - 11,000 billion VND/session, down more than 30% compared to before the National Day holiday.
This shows that market sentiment is still cautious. Liquidity has decreased to its lowest level in the past 17 months, showing that selling pressure has decreased, but buyers are still cautious and lack confidence to help the index confirm a trend reversal.
This development occurred after a series of storms and floods in the northern region, along with global investors still waiting for more information about the Fed's interest rate decision at its September meeting and concerns surrounding the US presidential election taking place on November 5.
Entering a new trading week, experts say that the market has now absorbed information about economic damage and natural disasters.
In the coming trading week, the market may have a greater differentiation as investor confidence gradually stabilizes. The current problem is that there is no major industry group leading the market, so it will be difficult to have a breakthrough and the market will continue to struggle for a while.
Experts from SBS Securities Company expressed their opinion that the market is still in a downward correction phase.
Retreating to the support zone around 1,250 points will reduce selling pressure, while stimulating a certain amount of bottom-fishing demand, so the index has a chance to recover next week.
Looking further, if the 1,250 point mark is maintained, the index will return to the accumulation channel of 1,250-1,300, otherwise the downtrend will prevail again.
With the market having low liquidity and the current flat score, experts from DSC Securities Company believe that at the beginning of the new trading week, the VN-Index will not fluctuate strongly with shocking declines, especially when the index is very close to the "hard" support level at 1,230 points.
A new trend may be revealed at the end of the week, when there are important events such as the US Federal Reserve (Fed) announcing the operating interest rate (September 17-18) and the September VN30 index futures contract expiring (September 19), as well as the portfolio restructuring of the Vaneck Fund and FTSE (September 20).
"Investors need to continue to monitor macro and technical factors to adjust their investment strategies appropriately. The stock market will have a clearer trend this week. With a positive scenario, the VN-Index can go up and be ready to conquer the resistance zone of 1,280 - 1,285 points," said the market assessment report of DSC Securities Company.
Commenting on the groups of stocks that will lead the market in the final period of the year, Dr. Nguyen Duy Phuong - Investment Director of DGCapital - said that banking and securities stocks are still the two main groups of the current market and cash flow will also focus on these two groups the most in the coming time.
In addition, some other industry groups are in a fairly good growth stage such as fertilizer, retail, and technology, which are also noteworthy and attract investors' attention.
Investors also note that construction stocks related to public investment will continue to be a bright spot from now until next year because public investment activities are still growing very rapidly with many key projects continuing to be implemented from now until after 2030.
