Responding to the positive developments in the inter-market, the domestic stock market recorded new positive changes last week. Accordingly, at the end of the trading week, the VN-Index stopped at 1,272.04 points, up 20.33 points (up 1.62%), regaining all the losses in the previous week.
In addition, liquidity last week also recorded positive improvements through sessions, showing that cash flow has gained significant confidence as active demand has continuously improved, pushing prices up, especially in the last 3 sessions of the week. The spread of cash flow to many groups of stocks, especially the banking group, has helped the market increase well, peaking at times with an increase of more than 10 points.
The most prominent highlight of the past week was the return of foreign investors to net buying of about VND1,200 billion after a long period of continuous net selling. This not only helped stabilize the market but also brought confidence to domestic investors.
News from the international market played an important role in the stock market's performance last week. The US stock market continued to have positive sessions, especially after the US Federal Reserve (Fed) decided to cut interest rates by 0.5%/year.
The Fed's monetary easing move will create favorable conditions for countries around the world to implement expansionary monetary policies to recover and grow the economy, helping to strengthen global investor sentiment, including Vietnam.
Another important event last week was the approval of the “non prefunding” mechanism - a major step in the process of upgrading Vietnam's stock market to the emerging market group.
This is considered an important milestone, helping to improve international investor confidence and further promote market development, helping Vietnam increase its chances of being considered for market upgrade in September 2025 by FTSE.
Analysts from DSC Securities Company analyzed that, technically, the VN-Index has made an impressive recovery: increasing by more than 30 points with good liquidity increase (approximately 30%) after a period of consecutive decline. However, the VN-Index will face many difficulties at the beginning of this week when it encounters strong diagonal resistance around 1,285 points. Therefore, the best scenario for the VN-Index this week is to continue to accumulate sideways around the 1,260 - 1,270 point area to gain momentum for a new increase to surpass the 1,285 point area, even conquering the old peak of 1,300 points.
The group of analysts at HSC Securities Company believes that the positive recovery signals of the market are becoming clearer as the cash flow gradually returns and spreads under the leadership of the large-cap group. Currently, the mark of the large-cap group is recognized as leading the index and the cash flow remains positive. Banking and securities stocks are becoming the main focus, while the gradual recovery of the real estate group is creating positive resonance for the overall recovery of the market.
"Returning to the old peak and surpassing the threshold of 1,290 - 1,300 points can happen right in September. However, many markets have increased strongly and then quickly adjusted, which will make some investors still 'skeptical' or even not bold enough to disburse, not to mention some accounts are still in a "negative" state of buying, leading to a "cautious" interpretation of the buying cash flow. In general, we can be optimistic about the market outlook at the end of September and reserve the view that the market will return to the old peak and surpass the previous peak before the fourth quarter of 2024", analysts at VPS Securities Company expressed their opinion.
