After a sharp decline yesterday (July 13), many securities companies have given opinions that, with weakening upward momentum and less decisive cash flow into the market, the index is likely to continue to be under adjustment pressure.
And as predicted above, entering the morning trading session today (July 14), the stock market still has no positive signals. Selling pressure put pressure from the opening of trading, red color has spread and overwhelmed the electronic board. Many large-cap stocks are decreasing sharply, in which the pair of stocks VIC, VHM lost around 3%, leading the decline in the bluechip group, causing VN-Index to suffer double impact.
At the end of the morning session, VN-Index decreased by 18.09 points (-1.00%), to 1,782.45 points. On the HOSE exchange, there were 96 gainers and 182 losers. Total trading volume reached more than 243.2 million units, worth 6,392.4 billion VND.
The pair of large stocks VIC and VHM are still the stocks that have the greatest impact on VN-Index when they took away more than 17 points of the index, of which VIC -3.84% down to 213,000 VND and VHM -2.9% down to 138,800 VND. Besides, many other bluechips also sank into red.
Against the market trend, the oil and gas stock group edged up thanks to the world crude oil price tending to increase again, with BSR +5.24% to 27,100 VND, PLX +3.5% to 36,800 VND, GAS +3.5% to 78,000 VND.
In the short-term trend, SHS Securities Company (SHS) assesses that VN-Index is less positive, continuing to weaken and is under adjustment pressure, retesting the price range of 1,770-1,780 points, equivalent to the lowest price range in June 2026. Meanwhile, the VN30 index is even in a weaker trend, failing to maintain support around the 1,960 point threshold, equivalent to the 200-session average price. SHS Securities Company believes that the VN30 trend will not improve, unless it surpasses the resistance zone around the 1,960 point threshold again.
SHS Securities Company expects the balanced price range of the market according to VN-Index to be the 1,750-1,780 point range. This is a relatively reasonable valuation range of the current market based on the prospect of the economy still growing well. The market may rebalance and begin to gradually differentiate based on the expectation of Q2/2026 business results. However, SHS Securities Company also assesses that the current market does not have many profit opportunities. Short-term market quality has not improved as most industry groups are accumulating or adjusting.
With weakening upward momentum and lack of decisive cash flow into the market, the unfavorable scenario of Aseansc Securities Company shows that the index is likely to continue to be under adjustment pressure to retest the near support zone in the session of July 14 and the following sessions, before establishing a clearer trend.
In this context, short-term investors need to prioritize risk management, reduce proportion when there is technical recovery and absolutely avoid using leverage, only consider disbursing when the market shows signs of bottoming out with improved liquidity, focusing on stock groups with their own story.
Conversely, for medium and long-term investors, this is a suitable time to deploy partial exploration in medium-term support zones, prioritizing stocks with solid fundamentals and avoiding stocks with strong fluctuations or low liquidity.
