Many analysts believe the stock market is in a consolidation phase before its next rally, predicting the VN-Index will likely trade sideways in the 1,630-1,690 point range this week.
The Vietnamese stock market ended the week down nearly 7 points, marking its fourth consecutive decline, despite low trading volume and support from Vingroup shares.
The VN-Index fell nearly 6 points as the market entered a "news vacuum," driving liquidity down to under 28,000 billion VND, its lowest level in two months.
Domestic institutional investors account for half of the trading volume in the past 4 months, demonstrating their growing influence in leading the stock market.
261 stocks fell, equivalent to nearly 73% of the HoSE, causing the VN-Index to drop 14 points during the morning session, briefly approaching 1,600 points.
After a five-month rally, SGI Capital predicts a potential 10-15% correction in the Vietnamese stock market, bringing the VN-Index down to 1,400-1,500 points.
In a volatile market, correctly identifying reversal candlestick patterns can help investors determine optimal entry and exit points, understand market trends, and mitigate trading risks.
Mirae Asset Vietnam Securities believes the VN-Index has room to grow and set new records, reaching between 1,800 and 2,000 points in the final months of this year.
The upward trend in stocks is expected to continue after the 2/9 holiday, but there are warnings of volatility risks. Investors should observe closely and select good stocks.
The VN-Index fluctuated wildly on the morning of 20/8, reversing from gains to losses and at one point dropping nearly 40 points, marking its sharpest correction since the beginning of the month.
Several investment funds and securities companies expect the VN-Index to reach 1,800 points by the end of this year or mid-next year, even reaching 1,850-1,900 points in a more optimistic scenario.
