The Vietnamese stock market has made significant strides, approaching the key psychological level of 1,700 points. This upward movement is largely attributed to robust demand from the real estate and securities sectors, which have led the market's recovery. Today, the VN-Index opened at nearly 1,650 points, a support level estimated by many securities companies following a sharp decline in the previous session.

After the ATO session, the market began to recover, spearheaded by leading stocks in the real estate and securities sectors. During the morning, the VN-Index chart exhibited two peaks, with the highest point exceeding 1,680. As the midday break approached, selling pressure intensified, causing stocks to retreat below the reference point. However, the market quickly rebounded in the afternoon.

By the end of the trading session, the HoSE index closed at 1,699.4 points, marking an improvement of nearly 31 points from the previous day, the strongest increase in a month. The HoSE saw 189 stocks rise in value, outpacing the 122 stocks that fell. The gains were particularly concentrated in large and mid-cap stocks, with the VN30 and VN Mid Cap indices increasing by over 18 and 30 points, respectively.

Leading the market were sectors such as real estate, securities, oil and gas, and construction materials. According to VnDirect, VIC was the most positively impactful stock, contributing over 19 points to the VN-Index, while VHM followed with an additional 4 points. Vingroup's stock closed up 5.9% at 214,000 VND, and Vinhomes gained 4% to 132,000 VND.

Despite the positive trend, the market's liquidity decreased, with total trading value on the HoSE reaching over 20 trillion VND, down nearly 3.4 trillion VND from the previous session. This indicates that while demand is emerging, cautious sentiment still prevails among investors. Foreign investors continued to sell off, with a net sale of approximately 479 billion VND, although this figure is only a quarter of the previous session's sales.

In light of the recent market fluctuations, Beta Securities (BSI) suggests that any technical rebounds are likely to stem from bottom-fishing demand and may not be sufficient to confirm a return to an upward trend. Therefore, investors are advised to limit new short-term positions during these rebounds and to closely monitor market reactions at subsequent support levels, waiting for clearer signals of improvement in liquidity.

Rong Viet Securities (VDSC) also emphasizes the need for caution and patience, urging investors to wait for the market to establish a new equilibrium before making investment decisions. Given the complex and risky market conditions, effective risk management for portfolios should remain a top priority. Investors are encouraged to take advantage of technical recovery phases to restructure their portfolios, actively reducing exposure in stocks that have breached support levels or show signs of weakening.