With massive cash flow, how far will VN-Index increase?

(NLDO) - Many investors were "caught off guard" when they had just cut their stock losses in yesterday's trading session, and now the VN-Index has skyrocketed.

At the end of the trading session on March 6, the stock market skyrocketed as cash flowed strongly into stock groups, especially securities stocks.

VN-Index closed at the highest level of the session at 1,318.22 points, up 13.51 points compared to the previous session; HNX Index increased by 2.6 points to 238.01 points; Upcom Index increased by 0.66 points to 99.35 points.

With a strong increase, VN-Index is at its highest level since June 2022, far surpassing the psychological barrier of 1,300 points. Large-cap stocks in VN30 have had a positive impact on the market from GVR, VHM, FPT, MWG, TCB, VCB. In particular, the securities group traded positively with purple increasing to the ceiling from VIX, or a series of stocks BVS, FTS, BSI, SHS, MBS, VCI... all increased very strongly.

Another notable development, after a series of consecutive net selling days, foreign investors "turned around" to net buy again with more than 430 billion VND. Foreign investors traded busily when buying stocks worth more than 2,840 billion VND, selling more than 2,400 billion VND, focusing on HPG, VCI, MWG, EIB, MSN, VHM.

The stock market was green in the trading session on March 6, reaching its highest level since June 2022.

Many investors said they sold stocks yesterday (March 5) when they saw the VN-Index drop, then just sat and watched the market rise strongly today.

According to Vietnam Construction Securities Company (CSI), in contrast to yesterday's negative developments, the VN-Index had a strong increase accompanied by high liquidity when the matched volume exceeded 35.5% compared to the average of 20 sessions. The increasing cash flow spread widely and spread to many industry groups, in which the leading groups were those that were very sensitive to the market and had a big impact on the VN-Index such as securities, retail, steel, industrial park real estate, etc.

Forecasting tomorrow's trading session (March 7), CSI experts believe that the VN-Index is likely to continue to increase to conquer the 1,327-point threshold in the next session. At this level, it is expected that there will be fluctuations and accumulation for a few sessions before returning and conquering a higher threshold of up to 1,360 - 1,365 points.

Looking further into March 2025, Dragon Capital Securities Company (VDSC) forecasts that the market will maintain positive momentum thanks to positive information about upgrading Vietnam's market this month, as Vietnam has fully met the criteria.

VN-Index has a series of increases far exceeding the 1,300 point mark

Information about the operation of the KRX trading system has positive signals when the Ho Chi Minh City Stock Exchange (HOSE) issued an official dispatch to related securities companies about preparing data for system testing.

"The long holiday period of April 30 and May 1 is a long enough gap (5 days) and the earliest for pre-trial testing to take place. At the same time, the Government is determined to achieve the economic growth target of 8% this year, the credit environment and administrative procedures will support and create conditions for private investment to expand. It is expected that the VN-Index will fluctuate in the range of 1,280 - 1,350 points" - Dragon Viet experts forecast.

Source: https://nld.com.vn/chung-khoan-ngay-mai-7-3-dong-tien-o-at-chay-vao-vn-index-se-tang-toi-dau-196250306174502695.htm