After the previous period of decline, the stock market continued to weaken in the trading week of August 5-9. The VN-Index decreased by 1.05% compared to the previous week to 1,223.64 points. While the VN30-Index decreased slightly by 1.26% to 1,264.84 points, the HNX-Index also decreased by 0.94% to 229.38 points.

Liquidity on both exchanges this week decreased slightly compared to the previous trading week, when the matched volume decreased by 0.4% on HOSE and 5.18% on HNX. Foreign investors were persistent net sellers with VND3,941 billion on HOSE, focusing on VHM (-1,111 billion), VJC (-1,122 billion), HPG (-557 billion), TCB (-503 billion)...

The industry groups that actively contributed to the VN-Index this week were food with codes MSN (+4.16%), VNM (+2.52%), BAF (+0.84%)... Some other groups with impressive developments were public investment such as VCG (+2.84%), HHV (+1.4%), C4G (+1.1%)... The oil and gas group, along with information supporting oil prices from tensions in the Middle East, also traded in green.

On the contrary, the banking, steel, tourism, entertainment, and real estate sectors are under pressure with VCB (-1.13%), TCB (-10.21%), HVN (-13.6%), VJC (-3.72%), HPG (-4.4%), NKG (-2.52%), DIG (-3.14%), HDG (-4.01%)...

Forecasting the market next week, experts from Vietcombank Securities Company said that the probability of VN-Index suddenly experiencing correction sessions and large fluctuations still needs to be taken into account. Investors can take advantage of the correction fluctuations during the session to disburse part of the stock that tends to move in sync with the recovery of the general market. At the same time, maintaining stable demand and prices have not yet bounced too far from the nearest support level. Some notable industry groups are securities, public investment, and retail.

According to SHS Securities Company, the market started August with a gap in corporate information after the second quarter report was released. Therefore, the market will depend largely on the growth prospects of large-cap companies and GDP growth. The positive point is that when the VN-Index fluctuated sharply around 1,200 points, many positions to accumulate good-quality stocks were opened.

Short- and medium-term investors should maintain a reasonable proportion and limit chasing when the VN-Index recovers to the 1,250-point area. They should wait for the VN-Index to escape the long-term accumulation trend and the current short-term downtrend before making new decisions. The target is leading stocks with good growth in Q2 business results and positive prospects for the end of the year.

KB Securities Company believes that in the current market context, investors should spread out sell orders and reduce portfolio weight to a low level when the index or target code recovers and approaches resistance zones.