VN-Index surges on record liquidity as the market enters a new phase

The market has been in an extended rally for more than a month, so a correction is needed to build a healthier base for the next growth phase.

VN-Index posted an exceptional session as strong capital inflows pushed matched liquidity on HoSE to record territory, with large-cap stocks continuing to lead. After a rapid intraday rise, profit-taking created volatility, but end-of-day demand still helped the market close in positive territory.

VN-Index movements during this high-liquidity session were compiled from market data.

Strong liquidity, but clear divergence

What stood out was not only the rise of the broad index, but also the structure of capital flows. VN30 outperformed VN-Index, showing that larger pools of money favored pillar stocks such as banks, steel, and selected real estate names. Meanwhile, many overheated stocks began to consolidate, reflecting more cautious investor sentiment after an extended rally.

According to aggregated market bulletins, VN-Index was at one point up nearly 57 points versus the reference level before trimming gains as profit-taking intensified. Even so, the quick return of capital showed that liquidity remains a critical support for the current trend.

FOMO risk and support zones to watch

Analysts believe the market has been climbing for more than a month, so a technical pullback is necessary to build a new consolidation base. The nearest support zone is often cited around 1,484–1,500 points, which will also help investors assess the resilience of capital flows after sharp swings.

High liquidity creates opportunities, but it also increases short-term volatility.

The QP Holdings perspective

With a long-term investment approach, QP Holdings focuses on the quality of capital flows rather than index levels alone. Sectors supported by macro fundamentals such as infrastructure, urban real estate, banking, and energy are still considered to have upside if earnings improve clearly. Investors should avoid chasing momentum during euphoric sessions, while actively managing allocations and protecting gains on positions that have already rallied strongly.

Record liquidity is a positive signal, but a more suitable strategy at this stage is to deploy capital on pullbacks and prioritize companies with sustainable growth fundamentals.

Reference sources: QP Xanh / Nhịp sống thị trường. The content has been edited and compiled by QP Holdings to fit the news section.