DistantNews
Vietnam Stocks: Capital Eyes Breakout, Can VN-Index Top 2,000 Points?
🇻🇳 Vietnam /Economy & Trade

Vietnam Stocks: Capital Eyes Breakout, Can VN-Index Top 2,000 Points?

From Tuổi Trẻ · (11m ago) Vietnamese

Translated from Vietnamese, summarized and contextualized by DistantNews.

TLDR

  • Vietnam's VN-Index is approaching a key resistance level amid signs of returning capital, with analysts debating its potential to surpass 2,000 points.
  • Global financial markets show positive shifts, with falling oil prices and a stabilizing USD index easing domestic pressures on Vietnam's exchange rate and interest rates.
  • While technical indicators are positive, investor sentiment remains cautious, with liquidity at low levels; a breach of 1,920 points could trigger stronger capital inflows.

The Vietnamese stock market is buzzing with anticipation as the VN-Index inches closer to a significant psychological and technical barrier of 2,000 points. This surge is fueled by a noticeable return of capital, a welcome sign after periods of adjustment. Experts like Mr. Nguyễn Tuấn Anh of FinPeace observe a more optimistic global financial landscape, citing the easing of geopolitical tensions reflected in lower oil prices and a stabilizing US dollar. This external stability directly benefits Vietnam's financial markets by alleviating pressure on the exchange rate and domestic interest rates.

Trong khoảng 3 đến 6 tháng gần đây, nhiều cổ phiếu đã điều chỉnh đủ sâu và bắt đầu hình thành vùng đáy tương đối vững

— Ông Nguyễn Tuấn Anh, Chủ tịch HĐQT FinPeaceCommenting on the market's technical condition and potential for a rebound.

Technically, analysts like Mr. Nguyễn Thế Minh from ABS Securities see a confluence of positive short- and medium-term signals. The market's upward momentum is being supported by key sectors, including Vingroup's ecosystem stocks, alongside banking, securities, and steel. The observed rotation of capital across different industry groups, rather than concentrating on a few individual stocks, is a particularly encouraging sign for the market's future ascent. This indicates a broadening of investor interest and a healthier market dynamic.

Đây là tín hiệu tích cực cho xu hướng tăng của thị trường trong giai đoạn tới

— Ông Nguyễn Thế Minh - Giám đốc khối ngân hàng đầu tư Công ty Chứng khoán ABSHighlighting the positive implications of capital rotation among different stock groups.

Despite these positive indicators, a degree of caution persists among investors, as evidenced by the still-low trading volumes. This suggests that while the market is poised for potential gains, a full-blown rally is yet to materialize. The VN-Index's ability to decisively break through the 1,920-point resistance level will be crucial in attracting more capital from the sidelines. Should this breakout occur, the index could be set to test higher targets, potentially reaching 1,950 to 2,018 points. However, a resurgence of global tensions, particularly in the Middle East, could derail this optimism, forcing the index to retest lower support levels around 1,750 to 1,800 points.

Trong khi đó, nhiều cổ phiếu có định giá thấp vẫn còn dư địa và được xem là lựa chọn an toàn hơn ở giai đoạn hiện tại

— Ông Nguyễn Tuấn Anh, Chủ tịch HĐQT FinPeaceAdvising on investment strategy amidst market volatility.
DistantNews Editorial

Originally published by Tuổi Trẻ in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog