After the adjustment session on July 15, the stock market quickly returned to the "race" to conquer new peaks.
In this morning's trading session (September 18), demand entered the game strongly with vibrant cash flow continuing to circulate through stocks and industry groups. In particular, the real estate stock group has helped the VN-Index quickly challenge the strong resistance zone of 1,500 points in less than 30 minutes of opening.
However, as soon as it reached the above mark, the stock market continuously fell into a state of tug-of-war when profit-taking pressure appeared.
At the time of closing on July 18, the VN Index increased by 7.27 points, equivalent to 0.5% to 1,497.28. While the main index has not been able to repeat the 1,500-point mark, the VN30 Index continues to " sublimate" with nearly 9 points of increase and recorded a new record of 1,643.67 points.
The most contributing codes to today's increase are TCB, VHM, STB, MSN, VPB, LPB, MBB, VIX... On the other hand, VIC can be considered a code that caused VN Index to miss the opportunity to re-establish the 1,500-point mark when contributing to -2.6 points.
Although it is not possible to repeat the 1,500-point threshold, with liquidity continuing to stand at a high level, the possibility of the index re-establishing this score is completely supported in the next trading week.
According to statistics, there are approximately 1.5 billion shares matched with orders, equivalent to a trading value of more than VND35,600 billion. In today's session, there are 8 codes with a trading value of more than 1,000 billion VND including: TCB, STB, SSI, VIX, MSN, SHB, HPG, VPB.
The profit-taking move came from foreign investors when they net sold 109 billion VND on the HoSE. Of which, the group of stocks with the strongest closures on the exchange are FPT, VCB, GEX, GMD, DXG, CTG.
It can be said that after a long period of stagnation in 2024, the stock market witnessed a strong boost from the tariff event - a surprising "black giant" factor but acted as a final shake-up before entering a new price increase. Domestic personal cash flow remains stable, while net selling pressure from foreign investors has decreased significantly, helping to confirm the formation of a long-term uptrend.
The fulcrum of this breakthrough is macroeconomic factors and corporate profit growth. With the forecast that after-tax profits in the whole market could increase by 19% compared to 2024, many securities companies have also changed their forecasts and believe that the market will fluctuate around 1,500 - 1,686 points, corresponding to the P/E valuation of 13 - 15.x, reflecting the long-term growth expectations of domestic and foreign investors.
In addition, with market liquidity returning to the historical peak, experts also commented that the market has established a solid position in a new, profound and sustainable growth cycle. Foreign capital flows have returned significantly with net buying value increasing on both major exchanges. At the same time, the sentiment of domestic investors has also changed positively, contributing to promoting the market's increase.
Thanks to these changes, the Vietnamese stock market in the last 6 months of the year is expected to maintain an upward trend, with cash flow spreading more widely and opening up many notable investment opportunities for domestic and foreign investors.
