Vietnam stock market has just finished the first trading week in July when VN-Index and HNX - Index surpassed two important resistance levels of 975 points 104 points.

Next week, the uptrend of the market is likely to continue when the market’s internal is quite strong with strong support from the uptrend of the stocks.

Accordingly, ending the trading week from July 1 to July 5, VN - Index increased by 25.4 points to 975.34 points; HNX - Index increased 0.87 points to 104.38 points.

Considering the market movements, most stocks and large stocks are on the rise.
The key stocks in real estate industry such as VIC increased 0.9%, VHM increased strongly with 8.4%, VRE increased to 5.7%.

These are capitalization stocks not only leading the real estate industry but also the largest capitalization stocks in the stock market. The positive of these stocks has a great effect on supporting the market.

Besides, the food and beverage group also traded quite positively. Large-cap stocks in this group such as SAB increased by 1.9%, MSN increased by 2.4% and VNM increased by 2.6%.

Next week, the market still has the ability to continue to receive positive influence from the largest market capitalization stocks to continue the uptrend.

Last week, banking stocks also accelerated with ACB up 1.1%, BID up 3.6%, CTG up 8.6%, VCB up 3%, VPB up 2.7%, TCB up. 4.7% ...

Followed by petro codes, positive movements as most big codes gained strongly like: PLX (8.3%), PVS (1.6%), GAS gained 6.3% ...

Oil and gas stocks were still growing, although the world oil price dropped. Brent crude oil for September delivery rose 93 cents to $ 64.23 a barrel at ICE Futures Europe. This contract fell 0.8% in the July 4 session and fell 0.8% during the week.

The decline in world oil prices has not stopped the rise of the most important stocks in oil and gas stocks thanks to the positive of the general market.

The scenario of continued growth will continue in important stocks in oil and gas stocks to integrate into the general market’s uptrend next week.

Stocks in the construction materials industry were negative in the past week, after the news that the US imposed 400% tax on Vietnam steel originating from China and Korea. Leading stocks such as HPG fell to 5.1%, NKG fell 1.5%.

Considering the cash flow factor, liquidity decreased last week compared to the previous week, reaching over VND 3,800 billion per session on both exchanges.

Specifically, the trading value on HOSE decreased by 11.5%, to VND 17,625 billion, equivalent to a 15.5% decrease in trading volume and 760 million shares.

Meanwhile, the trading value on the HNX decreased by 19.4%, to VND 1,621 billion, corresponding to the trading volume decreased by 26.8%, to 121 million shares.

Foreign investors on the market had a cautious trading week, but in general, they were still quite positive when they were net buyers.

Across the market, foreign investors bought 66 million shares, worth VND2,770 billion, while sold 78.8 million shares, worth VND2,724 billion. Total net selling volume reached 13 million shares, but in terms of value, foreign investors still net bought more than VND 46 billion.

Evaluating market movements in July, the analysis group from Viet Dragon Securities Joint Stock Company - VDSC said that the current stock market is not attractive enough to attract strong cash flow in the month. 7.

However, compared to June, the expectation in July is more positive because the uncertainties from outside are temporarily suspended and the second quarter of business results announcement of listed companies is gradually begin.

In fact, the instability factors in the world market are temporarily suspended, supporting the rise of the global stock market. Specifically, the main indexes on the US stock market have increased sharply in the past week.

Accordingly, Dow Jones and S&P 500 both increased by more than 1%, while Nasdaq Composite surged nearly 2%.

US stocks also climbed all-time highs on Wednesday (July 3). In the July 4 session, European stocks also closed at the highest level in more than a year.

According to an analysis group from Saigon - Hanoi Securities Joint Stock Company (SHS), the fact that Vietnam stock market surpassed important resistance levels last week was partly due to the positive influence from the market. US stocks with the same indexes set new peaks.
Investor sentiment became more positive, making trading more open with investors willing to raise prices higher when buying, SHS evaluated.

SHS forecasts that in the next trading week (July 8 - 12), VN-Index may continue going up to the higher levels which are nearest to 990-1,000 points (market peak in April and May). .

Meanwhile, Vietnam Securities Investment and Development Bank (BSC) stated that the trend of slight fluctuation of key stocks at the end of the week showed that the gaining position was strengthened.

This may create more confidence in the uptrend of the market next week.

With a positive viewpoint, Bao Viet Securities Joint Stock Company - BVSC said, VN - Index will continue to challenge the resistance area of 977 - 980 points next week.

Here, the market may appear shaking and correcting pressure in a few sessions before continuing the gaining process.

After surpassing the important point of 965 - 967 points, the market trend has changed relatively positively and the index can completely move towards strong resistance 989 - 992 points in the coming time.

According to BVSC, foreign investors maintained net buying activities with the participation of domestic cash flow in the context that the upcoming Q2 business result announcement will be the driving force for market movements. Short-term./