The stock market is recording a recovery thanks to the large contribution of bluechips and this also shows that active cash flow is heading towards leading "pillar" stocks.
However, it should be noted that market liquidity has not increased significantly yet, so more time is needed to confirm whether the uptrend can continue. The important condition is that there must be a clear increase in liquidity to ensure the sustainability of the recovery.
Some experts believe that this week may be a week of slight increases, but the resistance level of 1,270 points (the value of the 20-day MA) needs to be conquered soon for the upcoming rebound and price increase to be clear. It should also be noted that this week is the week of derivatives expiration and ETF funds restructure their portfolios to buy more large stocks.
Currently, US stock indexes have returned to their old peaks and the Dow Jones has a good chance of surpassing new peaks even if the FED has not lowered interest rates. Meanwhile, the Vietnamese stock market is causing many investors to lose confidence and some people do not understand why the market is gloomy - cash flow seems to "disappear", liquidity has not returned. The stock market has been adjusting for a longer time and seems "less vital".
Dr. Nguyen Duy Phuong, Investment Director of DG Capital, expressed his opinion that liquidity remained low, reflecting investors' reservations about the short-term prospects of the market. In addition, foreign investors continued to net sell throughout the week. The withdrawal of foreign investors not only created more pressure on the market, but also increased concerns among the domestic investor community.
Regarding the impact of the Fed's interest rate cut, Dr. Phuong said that this issue was predicted by investors and the market has somewhat absorbed this news for a while. Perhaps when the official news is announced, the market will react more clearly. Of course, it will take some time for the Fed's interest rate cut to bring about real changes that can impact the market, most clearly creating changes in investment capital flows and affecting exchange rate activities in Vietnam.
Analysts at DSC Securities Company said that international events and monetary policy moves have somewhat affected investor sentiment and may impact market trends in the coming time. Therefore, investors need to continue to monitor macro and technical factors to adjust their investment strategies appropriately. DSC assessed that the market will have a clearer trend this week, with a positive scenario, VN-Index can go up and be ready to conquer the resistance zone of 1,280 - 1,285 points.
Regarding influential stocks, Vietnam International Securities Company (VIS) assessed that banking and securities stocks are still the two main sectors of the current market and cash flow will also focus on these two sectors the most in the coming time. In addition, some other sectors that are in a fairly good growth stage such as fertilizer, retail, and technology are also noteworthy and attract the attention of investors. Investors also note that construction stocks related to public investment 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.
