Stocks are expected to challenge the 1,700 point mark again. Which stock groups are worth paying attention to?

In just two trading sessions on September 5 and 8, the stock market lost nearly 90 points after attempting to conquer the 1,700-point mark. However, thanks to the gradual return of demand in many sectors, the market recovered and closed the week at 1,667.26 points.

The stock market is waiting for a positive long-term outlook with the Project to upgrade the stock market just issued by the Government - Photo: QUANG DINH

Stocks will challenge the 1,700 point mark again

* Mr. Dong Thanh Tuan - analyst at Mirae Asset Securities (Vietnam):

- The notable highlight of the week came from the return of Vingroup stocks, which helped the real estate sector contribute more than 15 points to the increase. This development somewhat balanced the downward pressure from the banking and securities groups, which were under strong correction pressure.

However, the cash flow in the market showed signs of cooling down as investors became more cautious. Liquidity only really became active in the last two sessions of the week, when the market reversed strongly. Thanks to that, the average transaction value per session improved to 33,400 billion VND, but still decreased by 17% compared to the previous week.

Regarding the activities of investor groups, foreign investors continued to net sell more than VND 5,000 billion, raising the total net selling volume since the beginning of the year to more than VND 83,000 billion.

In general, the increase in the last two sessions has helped VN-Index form a short-term support zone and at the same time reduce the risk of deep corrections to the 1,550-point threshold; it is expected that the market will continue to regain momentum to continue the uptrend.

However, we do not rule out the possibility that selling pressure will quickly return after the VN-Index surpasses the 1,700-point threshold, especially when the growth momentum of many large-cap stocks in the real estate and banking groups is showing signs of cooling down and weakening.

According to the base case scenario, the index could maintain support around the 1,630 - 1,650 point range to challenge the 1,700 point mark. In a less optimistic scenario, the market is likely to retreat to 1,550 points before consolidating again and heading towards the 1,800 point mark in the medium term.

5 notable stock groups

* Mr. Phan Tan Nhat - Head of Market Strategy Department, SHS Securities:

- In the September strategy report, we maintain our recommendations for 5 main stock groups: residential real estate, securities, banking, construction materials, and construction - infrastructure.

With low liquidity, investors can evaluate good quality stocks with strong recovery potential, leading the market in the medium and long-term growth trend. In which, it is expected that the construction materials and construction - infrastructure groups will be the growth drivers of the economy in the final period of the year while credit growth will slow down compared to the same period in 2024.

Investors maintain a reasonable proportion and can consider disbursing funds for good quality stocks with attractive valuations compared to the general market and business results with good growth prospects in the final period of the year.

But do not chase high prices, when the supply pressure may increase again when VN-Index, VN30 head towards the resistance zone in the coming sessions. Investors maintain a reasonable proportion. Investment targets are aimed at stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy.

Retail, steel, banking and securities still worth watching

* Ms. Nguyen Phuong Nga - analyst at Vietcombank Securities (VCBS):

- VN-Index started the first session of the week down more than 40 points, however in the remaining sessions of the week, the index recovered and regained the adjusted points, moving towards the 1,670 zone. The large-cap group was the main driving force for the index's recovery.

Although the green color has gradually spread from the blue-chip group to the mid- and small-cap stocks, liquidity remained lower than the 20-session average, showing the differentiation between the recovery and increase levels between industry groups and stocks in the market.

Given the current situation, we recommend investors to select stocks that show signs of recovery after adjusting to the strong support zone at attractive discounted prices and have had notable cash flow participation recently to disburse/open positions next week. Some notable groups include retail, steel, banking and securities.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-duoc-du-bao-thu-thach-lai-moc-1-700-diem-nhom-co-phieu-nao-dang-chu-y-20250915085337263.htm