In the last week of June, the stock market continued to increase with an increase of more than 22 points (+1.64%) with the main contribution from MSN (+13.78%), VIC (+ 10%), VHM (+9.69%). At the end of the week from June 23-27, the VN-Index increased by 22.09 points compared to the previous week, closing at the highest level since the beginning of the year of 1,371.44 points.
It is noteworthy that the market has not yet recorded clear consensus from cash flow. The continuous decline in liquidity and maintenance of low levels shows the somewhat cautious sentiment of investors in the new score range. Many experts explain that cash flow is prioritizing large-cap stocks, instead of spreading throughout the market.
Entering the first trading week of July, experts assess that there will be many factors that are likely to have a strong impact on the market, especially the time approaching the deadline for the end of the countervailing tax postponement between Vietnam and the US on July 8.
In addition, it is the time when listed companies will release their financial statements for the second quarter of 2025 from the beginning of July 2025, usually the third week of July will record the largest number of companies to announce.
Experts are optimistic about the profit picture in the second quarter of the banking industry, the sector with the largest capitalization and also accounting for the highest proportion in the profit structure of the whole market. Accordingly, the group of banks is forecast to be able to achieve an average pre-tax profit growth of 12% - 15% thanks to efforts to promote credit growth.
Meanwhile, the real estate group will record a strong differentiation because the handover of real estate products has a big difference (in terms of time) between enterprises in the industry.
Commenting on the market's movement trend, Dr. Nguyen Duy Phuong, Strategic Investment Director of DG Capital, said that in the context of unofficial support information and quite sensitive market sentiment, the VN-Index may appear 1-2 adjustment sessions at the beginning of the week before establishing a new trend.
The second half of the next week will be very notable, when information related to business results and trade negotiations will likely gradually be revealed. The risk still exists if the negotiation results are not as expected.
"Investors should remain cautious, especially with new disbursement decisions, prioritize observing market reactions around important support levels and should only act when there are clearer confirmation signals of trends," the expert recommended.
Experts from Asean Securities Company also agreed when they commented that the VN-Index may still fluctuate, however, this situation occurs in the short-term uptrend of the index. The next target level of the index is the area around 1,380 points, while the near support of the index is the thresholds of 1,370 points and 1,360 points.
Asean experts recommend that investors should focus on stocks that are having a supporting story (for example, announced business results in the second quarter of 2025 or positive estimates...) and are in areas less affected by tax variables, including banks, securities, real estate, retail, public investment.
