VN-Index again exceeded 1,300 points

VN-Index opened the door quite shaking, then maintained the distance not far in the reference. Around 10:20, this index checked 1,300 points but failed. After only 10 minutes, the market was pushed back to the lower region.

In the afternoon, the securities were pushed back to reference but not too deep. About an hour later, the buying force flocked to the Bluechip group, once again pulling the market to go strongly.

VN-Index closed nearly 8 points compared to last weekend, to 1,304.56 points. Thus, the market returned to an important resistance of 1,300 points after a long time of accumulation. The last time, this index closed exceeding the price above is mid -June 2024.

The entire HOSE has 260 shares increased, more than 194 shares decreased. The market recorded 11 codes gaining all amplitude, prominent is Gee, BSI, LDG.

HPG is the most contributed stock for VN-Index. The stock code of Hoa Phat Group today increased by 4.7% to 27,700 VND, in the session, the price was to the ceiling with the ATO command to open. The liquidity recorded more than VND 2,068 billion, accounting for 9.8% of the total value of HOSE trading. HPG and steel stocks are benefiting after information that the Ministry of Industry and Trade decides to impose a temporary anti -dumping tax to 27.83% for hot rolled steel imported from China.

However, if considering the industry, the securities group has the most positive development. In addition to purple dyed bsi, stocks such as SSI, VIX, HCM, VCI, VND, FTS, ORS … all increase prices, the highest up to 6.6%. This is a group with high sensitivity to market developments and prospects.

Another positive point in VN-Index returned to the important milestone is that the liquidity also increased. The total value of HOSE trading recorded nearly VND 21,100 billion, an increase of nearly VND 5,200 billion from the end of the week. For nearly 3 months, the new market has reached a liquidity of over VND 20,000 billion.

However, foreign investors continued to net sell about 259 billion dong, the third consecutive session. They mainly discharge FPT and HPG shares. In general, the selling force of foreign groups is absorbed by domestic investors.

VN-Index returns to 1,300 points of capital in the scenario of many securities companies given earlier. According to statistics of VnExpressmost of the analysis groups forecast this index closed for the lowest year of over 1,300 points, the highest can approach 1,500 points. The basis for scenarios comes from the outfit growth of corporate profitability, the economy grows faster, the fiscal policy continues to loosen. Some units also rely on the expected speed of public investment disbursement and the ability to upgrade the market is approaching.

However, the scenario is easy to see in previous times that securities soon reversed because this was still considered an important resistance. In the period between June 2024, VN-Index held on this milestone for 2 sessions, then immediately decreased, with a session of more than 20 points, slowly falling to less than 1,200 points. This index also sometimes recorded 1,300 points in late September – early October, but soon adjusted in the session.

In the above context, securities companies recommend that investors maintain a reasonable proportion. If you want to disburse, the goal is to be directed to stocks with good basic foundations, leading and rich in growth potential.