Strong recovery at the end of yesterday's session helped VN-Index continue to maintain an important support zone around 1,800 points. Improved liquidity and the appearance of bottom-fishing demand show that market sentiment has become more stable, in the context that many securities companies assess that the short-term correction is showing signs of weakening.
Entering the trading session on June 18, demand continued to increase strongly, especially in the "Vingroup" stock group, pushing stock prices to the ceiling, in the context that some businesses have just announced plans to pay large-scale cash dividends.
In which, VHM and VRE simultaneously increased to the ceiling price to 144,400 VND and 30,100 VND/share. VRE still had a ceiling buy surplus of more than 4.2 million units, matched 7.9 million units, VHM also had a ceiling buy surplus of more than 3.7 million units, matched more than 2.2 million units. VIC also reached the ceiling price at one point before narrowing the increase slightly, closing the morning session still up 6.77% to 205,000 VND/share. Meanwhile, VPL increased more modestly, reaching 0.8%.
The Vingroup group of stocks contributed about 30.6 points to VN-Index. Thanks to that support, VN-Index closed this morning session up 29.22 points (+1.62%) to 1,835.42 points with 103 gainers, less than 156 losers. Total trading volume reached 270 million units, worth 8,346 billion VND, a slight decrease compared to yesterday morning - mainly due to reduced negotiated transactions. In which, negotiated transactions contributed 18.6 million units, worth 933 billion VND.
With this development, the index not only regained the 1,830 point zone but also moved closer to the next resistance zone around 1,840-1,850 points - the zone that many securities companies assess as an important test for the current recovery trend. However, it can be seen that the index's upward momentum still depends significantly on the large-cap group, while cash flow has not spread widely throughout the market.
According to the assessment of TPS Securities Company, the current developments show that investor sentiment has stabilized after the adjustment phase, but cash flow is still in the process of exploration. From a technical perspective, the medium and long-term trend of VN-Index is still maintained as the index continues to move on important support zones. At the same time, surpassing the short-term downtrend line shows that adjustment pressure has shown signs of weakening, thereby improving the market's movement prospects in the coming time.
Accordingly, TPS believes that VN-Index is facing the opportunity to end the short-term correction phase after completing the process of finding balance points. If cash flow continues to improve, the index is likely to return to the dominant upward trend, although the recovery process is likely to take place step by step instead of a strong breakthrough. In a positive scenario, VN-Index may head towards the resistance zone near 1,840 points in the near future.
SHS Securities Company assessed that the VN-Index has not yet surpassed the downward trend, accumulation fluctuations within a narrow range under the influence of large-cap groups. However, the quality of the market continues to improve with many stocks surpassing the short-term downward trend, moving to a recovery phase.
Thereby, opening up new growth prospects with many quite good short-term profit opportunities, with a rotational recovery in many stocks that have had a period of correction and positive accumulation.
Investors can consider investment opportunities in leading growth enterprises that are in a relatively reasonable price range. However, risks should also be controlled and should only be considered when the market fluctuates and adjusts.
