The stock market unexpectedly had an impressive increase yesterday (December 25) after a long period of boring trading. The high consensus of bluechips in the VN30 basket when all closed with increased prices, in which the leading CTG and STB jumped high, helped the market have a strong increase to nearly 1,275 points.
The steep increase in the session encountered strong profit-taking pressure around the resistance. However, with the excitement spreading widely across all industry groups, combined with the decisive pull of large-cap stocks, the selling side's reaction is unlikely to gain the upper hand in the market and the VN-Index is increasing its chances of conquering the near resistance level, heading towards the old peak of the year.
Although the increase narrowed somewhat at the end of the session, this is still a very positive signal of the market showing that cash flow is tending to return after the previous explosive session (December 5, 2024).
Foreign investors increased their disbursement with a net purchase value of more than VND200 billion in yesterday's session, 7.5 times higher than the previous session, focusing on buying bank, securities and steel stocks.
Analysts from Asean Securities Company said that the market is likely to continue its recovery momentum after the VN-Index reacted positively at the support zone of 1,255 points and macro factors are gradually easing psychological pressure on investors in the short term.
Meanwhile, fluctuations will still be the main trend in the coming time until positive long-term macro signals are confirmed to support the investment market more clearly in the future. Investors need to continue to observe macro variables such as DXY, exchange rates, SBV movements and world markets, to determine the market trend more clearly.
"We highly appreciate the market prospects in the medium and long term with very positive growth potential of the internal economy. Investors should focus on stocks with good fundamentals and positive business prospects, and can consider increasing disbursement in the context of the current attractive valuation of the VN-Index," said experts from Asean Securities Company.
The stock market is entering the final days of 2024. Experts expect cash flow to return to the stock market more strongly, the market will be more vibrant in 2025 with the first notable factor being that the profit growth of listed enterprises continues to maintain a positive direction.
Dr. Nguyen Duy Phuong - Investment Director of DG Capital commented that 2025 is considered a year when the market converges many factors for bright prospects. Investment opportunities will come from stocks of businesses with growing profits and leading the market growth, most likely in the banking, real estate, retail, energy and oil and gas groups.
In particular, the banking industry is highly appreciated. In terms of valuation, the banking industry is undervalued. In 2025, Vietnam's economic growth will be driven by public investment and private investment. When private investment improves, credit will grow and become the main factor bringing positive business results to the banking industry.
