The VN-Index will test the 1,240 point level.

Liquidity on the HOSE exchange remained relatively stable compared to yesterday's trading session (-1.2%), while on the HNX exchange, liquidity improved by +10.2%. The most positive sector contributing to the market's score on August 13th was Telecommunications, with stocks like VGI (+5.31%), MFS (+3.75%), TTN (+3.26%), FOX (+1.36%)... In addition, several other stock groups also performed impressively, such as Tourism and Entertainment, Banking, and Food and Beverage, all trading in the green.

On August 13th, several other sectors saw declines, including the Electricity sector with POW (-1.47%), REE (-1.6%), NT2 (-3.48%), HDG (-1.8%), and especially GEG, which fell sharply (-6.74%) following news that the Security Investigation Agency of the Ministry of Public Security requested EVN to provide documents for 32 wind and solar power projects, impacting the sector's trading sentiment. Steel stocks also traded in the red with HPG (-1.74%), HSG (-1.67%), NKG (-1.89%), TVN (-1.25%)... Most real estate stocks had a mixed trading session, specifically VHM (-0.41%), NLG (-1.54%), however, NTL was positive (+4.16%), PDR (+3.71%), TCH (+3.43%)...

According to experts at Saigon - Hanoi Securities Company (SHS), the short-term trend of the VN-Index is improving, with most buy positions in the range of 1,200-1,210 points, and T+2 positions maintaining profitability. Many stocks/groups of stocks continue to take turns recovering after prolonged correction pressure, such as real estate stocks. Many stocks have recovered well after correction pressure, opening up many opportunities to accumulate high-quality stocks. Currently, the VN-Index continues to recover towards the 1,240 point region, corresponding to the average price of the last 20 sessions, which is also the resistance of the current short-term downtrend line. Meanwhile, the VN30 is striving to recover to the range of 1,280 points, corresponding to the current average price of the last 120 sessions. These are strong resistance zones at present, and short-term structural selling pressure is expected to increase significantly.

In the medium term, the VN-Index is expected to consolidate within the range of 1,180-1,200 points to 1,245-1,255 points, the lower half of the larger consolidation channel from 1,180-1,200 points to 1,300-1,320 points. Specifically, 1,200 points represents the highest price in 2018, while 1,245-1,255 points represents the highest price in 2023 and is the equilibrium zone of the 1,180-1,200-1,300-1,320 point consolidation channel. If the VN-Index can break above the resistance around 1,250 points, the medium-term trend is still expected to return to the 1,250-1,300 point consolidation channel.

“In the short term, the market will heavily depend on the growth prospects of businesses and GDP growth. Short- and medium-term investors should maintain a reasonable portfolio allocation, and may consider increasing their allocation to an average level, but should not chase the VN-Index when it recovers to the 1,250 point region. For cases of exceeding the average allocation, investors should wait for the VN-Index to break out of the prolonged medium-term consolidation trend and the current short-term downtrend,” an expert from SHS stated.

The VN-Index will test the 1,240 point level.

According to the analysis team of ASEAN Securities Company (ASEANSC), the VN-Index remained almost unchanged with a slight increase of 0.14 points (+0.01%), indicating a temporary slowdown in the upward momentum after the previous recovery sessions. Although sectors experienced rotational corrections, low liquidity suggests that selling pressure is gradually narrowing. Notably, the Real Estate sector began to show positive developments, indicating that capital flows are spreading more widely.

"Investors should consider increasing their holdings of medium-to-high-value stocks, with an expected buying zone around 1,215 points," noted an expert from ASEANSC.

Meanwhile, experts from Yuanta Securities Vietnam (YSVN) believe that the market may continue its upward trend and the VN-Index could test the 1,240-point level in today's session (August 14th). At the same time, the VN-Index may fluctuate around the 20-day moving average with low liquidity and diversified capital flows among different stock groups in the coming trading sessions. Furthermore, the short-term sentiment indicator continues to rise, showing that short-term investors are gradually becoming more optimistic about the current market developments, but the sentiment has not yet fully shifted to a bullish phase.

"The short-term trend of the overall market remains downward. Therefore, investors can continue to hold a low proportion of stocks and consider making new purchases with a low proportion, but investors should avoid chasing the VN-Index when it approaches 1,240 points," a YSVN expert advised.