After an increase of more than 11 points yesterday (June 23), the stock market sentiment entered this morning session with certain caution as VN-Index approached the strong resistance zone of 1,880-1,890 points.
The "green shell, red heart" scenario continued to repeat when the number of declining stocks always significantly overwhelmed the number of increasing stocks. However, thanks to some large-cap stocks, VN-Index maintained green color for most of the trading time. Even, at one point, it reached near the threshold of 1,900 points, then narrowed the amplitude.
Closing the trading session on June 24, VN-Index increased by 8.98 points to 1,878 points. The VN30 index increased more strongly by 15 points, exceeding the psychological resistance threshold of 2,000 points.
Due to being dominated by some large-cap stocks, the market fell into a situation where the number of declining stocks reached 174, overwhelming the rising side with 110 stocks.
Liquidity is still a rather headache-inducing issue for the market when it fell deeply to 18,200 billion VND, about 40% lower than the previous session. Foreign investors' transactions are a minus point when net selling about 618 billion VND of shares across the market.
On HOSE, foreign investors net sold 611 billion VND. On the buying side, VIC shares were bought the most by foreign investors on HOSE with a value of more than 114 billion VND. On the opposite side, FPT led the list of net sellers with 108 billion VND.
According to the assessment of SHS Securities Company, the VN-Index is surpassing the downward trend under the overwhelming influence of large-cap stocks. However, the market and VN-Index are under selling pressure when heading towards strong resistance, which are old peak areas.
At present, the total market capitalization is about 424 billion USD, equivalent to 83%/GDP in 2025. Of which, the capitalization of Vingroup is about 105 billion USD, accounting for 25% of the market capitalization. This is not necessarily an attractive pricing range for the market.
As the market is entering the final stage of Q2/2026, this is the time for investors to re-evaluate their portfolios after 06 months of 2026. Investment accumulation positions should only be considered when adjusting and need to be more carefully selected based on updating basic factors and business results of enterprises.
Beta Securities Company believes that in the current context, the market is being strongly affected by the pillar stock group, accompanied by not really improved liquidity and a prolonged net selling trend of foreign investors.
These are important factors that investors need to continue to closely monitor in the coming time. For short-term positions, investors are recommended to maintain a cautious trading state, minimize chasing purchases for stocks showing signs of hot increase, and maintain high discipline in using financial leverage.
For medium and long-term positions, investors can consider accumulating stocks of leading enterprises with attractive valuations and positive growth prospects.
Maintaining a balanced portfolio is necessary and portfolio size expansion should only be considered when cash flow in the market actually has a clear improvement.
