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.
The stock market extended its winning streak to 9 sessions, with the VN-Index accumulating 29 points, but declining stocks still outnumbered advancing ones.
According to experts, now is a suitable time to invest in stocks, but a phased capital allocation strategy is necessary due to the high risk of short-term fluctuations.
The Vietnamese stock market has reached a record high, but about 70% of stocks, including many VN30 blue chips, have yet to surpass their previous peaks.
A surge of capital into large-cap stocks propelled the VN-Index to a new peak of 1,570 points, gaining as much as 42 points during this morning's session.
After a volatile week, the stock market is likely to remain turbulent with alternating gains and losses. Investors should be cautious and focus on strong stocks, according to experts.
The VN-Index rose more than 14 points, reclaiming the psychologically important 1,500-point mark thanks to strong cash flow into pillar stocks such as banking, securities, and real estate.
To further develop the market after 25 years of operation, the State Securities Commission emphasizes the goal of attracting institutional investors to balance individual investors.
Positive sentiment and strong cash flow are expected to propel the VN-Index to new heights, potentially surpassing its all-time high of 1,536.45 points.
