Following the good recovery momentum from last weekend, market sentiment improved, the VN-Index broke out strongly in the first trading session of the week. At the end of the trading session on November 17, the VN-Index increased by nearly 19 points (1.16%) to 1,654 points.
According to statistics, Vingroup shares contributed the most to the first session of the week when they increased by nearly 3% to VND 217,000/share. The current price range is less than 4% lower than the historical peak. By industry, real estate was the most exciting development when most of the shares increased by more than 3%. LDG and NVL both closed the session at the ceiling price, with excess stocks of 2.8 million and 6.6 million shares, respectively.
In the banking group, all stocks listed on the Ho Chi Minh City exchange closed in green. EIB leads the increase margin with 3.7%, followed by MSB, SSB, STB and SHB. Key codes such as VCB, CTG, BID, TCB increased more modestly, not more than 1%.
Many stock stocks have also experienced a wave of strong adjustments. Techcom Securities' stock price closed at VND45,100/share, up from the 2% reference. SSI, VIX, HCM and VCI all accumulated about 1.3%.
Purchasing power spread across all industry groups, helping market liquidity increase slightly compared to last weekend, to VND 21,500 billion. According to investors, cash flow in the market is still in a defensive state, reflected in the continuous decline in liquidity in recent sessions.
In the short term, the resistance level around 1,650 points will be an important inspection area to assess the market's ability to recover sustainably. Before VN-Index surpassed and remained stable in this region, liquidity was expected to fluctuate at only VND20,000-25,000 billion/session, reflecting cautious sentiment when market trends were unclear.
Foreign transactions were a minus point when they continued to net sell VND 979 billion and recorded a net selling streak of 9 consecutive sessions. Of which, STB is the foreign exchange stock with the strongest sale with VND234 billion. Following that, VHM and VCI stocks were also "issued" VND 121 billion and VND 119 billion.
In this week's stock market forecast, Mr. Le Duc Khanh - Director of Analysis at VPS Securities Company commented that the 1,580 - 1,590 point range is likely to have become a temporary technical bottom. However, to strengthen signals and create strong confidence, the VN-Index needs to surpass the 1,650-point threshold with improved liquidity.
According to him, the current period is more suitable for controlling the proportion and screening stocks instead of Predicting the bottom point or pursuing a quick recovery expectation. Regarding margin risks, he said that low liquidity in recent sharp declines shows that the disbursement pressure is not too worrying, and at the same time implied that a large amount of margin in the market may be being allocated in medium-term positions instead of short-term speculation.
Regarding the disbursement time, the international context continues to maintain a positive state thanks to the trend of loosening monetary policy and favorable developments in many major markets.
Despite the lack of strong supporting information in the short term, Mr. Le Duc Khanh - Director of Analysis at VPS Securities Company said that this is still the period when opportunities may appear early in stocks with their own stories or business results prospects. Disbursement in installments can be suitable for proactive investors with clear strategies.
