The stock market is experiencing unpredictable trading sessions, causing investors to face difficulties. VN-Index continuously recorded deep declines and then surges in just a few hours of trading.
For example, in yesterday's trading session (July 16), the market "turned around" thanks to bottom-fishing demand entering and the VN-Index recovered nearly 50 points from the bottom, officially surpassing the psychological threshold of 1,800 points. And many securities companies have made positive forecasts about the market maintaining its upward momentum in today's session (July 17).
However, the reality is that the market this morning is under widespread selling pressure, causing VN-Index to fall back to nearly 1,790 points. Red color clearly prevails on the electronic board, low liquidity, lack of highlights are the main developments.
Closing the morning session on July 17, VN-Index decreased by 7.56 points to 1, 796.68 points. Liquidity only reached nearly 5,000 billion VND.
According to experts' assessment, the strong fluctuations in recent times are the result of many factors. In the past time, VN-Index has maintained in the high point area mainly thanks to the pulling force from a few large-cap stocks, while the overall picture is not very positive, especially the liquidity issue is at a low level.
The average trading value from the beginning of June to now only reached about more than 18.5 trillion VND per session, down 41% compared to the first quarter of 2026. In the context of weakening cash flow, just a not too large selling pressure can cause the index to fluctuate sharply.
Liquidity in recent sessions, although improved compared to the previous period, is still very far from the necessary level to confirm a sustainable upward trend.
According to observations, liquidity each session needs to return to the level of 25,000 billion VND or more to be truly remarkable. That is the threshold showing that large cash flow has entered the game, investors are no longer standing aside to observe but are ready to disburse on a significant scale. Below that threshold, every increase is potentially risky and lacks sustainability.
The fact that the market continuously retreats to lower price zones to find demand but liquidity still does not improve is a sign that the strength of the market is still weakening.
ASEAN Securities Company believes that VN-Index is still in a state of struggle as it has not yet surpassed the MA10 and MA20 lines. Cash flow is still weakening.
Experts assess that the risk of correction is still present. For short-term investors, this securities company recommends maintaining a medium stock ratio, avoiding chasing purchases in the recovery phase.
Medium and long-term investors can take advantage of adjustment phases to partially disburse into industry groups with good fundamentals and high liquidity such as banking, securities, retail and public investment.
Yuanta Vietnam Securities Company forecasts that the index is about to face a resistance zone of 1,805-1,811 points and adjustment pressure may return.In case of continued adjustment, the 1.740-1.750 point zone is expected to play a supporting role, short-term bottom-fishing cash flow will enter more clearly.Short-term investors should prioritize reducing the proportion in the recovery phase.New purchases can be carried out when the index successfully verifies the 1.740-1.750 point zone.
