Last week, the VN-Index climbed nearly 34 points to reach 1,531, driven by strong performance in key sectors like banking, securities, and real estate. This marked the highest closing level in the history of the Vietnamese stock market. However, the index still has another milestone to conquer: its intraday record of 1,536.45 points.

In their weekly strategic reports, several securities firms predict that the VN-Index will likely reach new highs, potentially even setting a new record in the first trading session of the week.

"The scenario of conquering higher levels is becoming increasingly likely with the incredibly strong inflow of cash into the market," stated a report from Vietcombank Securities Company (VCBS).

Currently, the average liquidity per session is around 35,000 billion VND. Some explosive sessions have seen trading values exceeding 38,000 billion VND, with many large and mid-cap stocks recording trillions of VND in matched orders. Whenever the index fluctuates, buyers immediately inject capital to regain control and push the market higher.

Based on this trend, VCBS advises investors to closely monitor the market in the coming sessions and consider investing in stocks that haven't experienced excessive gains compared to the VN-Index, while maintaining a safe margin lending ratio.

Experts at Saigon - Hanoi Securities Company (SHS) also predict that the index will target its all-time high of around 1,537 points. The market may then enter a period lacking supporting information as the picture of Q2 and first-half business results becomes clearer. Meanwhile, analysts at Phu Hung Securities Company believe that to definitively break through to the new peak of 1,540 points, the market may experience some fluctuations to consolidate and rebuild momentum around the 1,500-1,530 point range.

With a more optimistic outlook, analysts at Tien Phong Securities Company (TPS) expect the VN-Index to potentially reach 1,600 points. According to this group, the VN-Index chart hasn't shown any signs of reversal, and the sustained positive liquidity indicates strong buying pressure.

Investors monitor stock prices at a trading floor in Ho Chi Minh City. Photo: Quynh Tran

Most analysts recommend holding stocks during this period of market excitement, but they're also beginning to address risk management. Some securities firms suggest that investors should take partial profits to avoid sudden drops that could erode returns.

"When the market fell sharply at the beginning of April, we thought about opportunities. Now, with the VN-Index at its all-time high, we are managing risks and evaluating investment opportunities in sectors considered key drivers for the GDP growth target of over 8% in the last 6 months of the year," said an expert from SHS.

While agreeing that the VN-Index will test its peak in the first session of the week, Yuanta Vietnam Securities Company emphasizes that short-term risks in large-cap stocks are increasing. The VN30 index chart has been outside the Bollinger Bands for six consecutive weeks, suggesting a correction could occur in the next one to two weeks. Bollinger Bands are a technical analysis tool constructed from simple moving averages to measure market volatility.

Experts at Yuanta Vietnam recommend that short-term investors (less than one month) maintain a stock allocation of around 55-60% of their portfolio, reduce margin lending to a low level, and limit new purchases. Medium-term investors, from one to five months, can wait to buy during corrections.

Phuong Dong