A worker in Hoa Sen Group (HSG)'s warehouse. HSG rose 1.9 per cent last week. Photo hoasengroup.vn

HÀ NỘI - Shares are forecast to move positively this week with third-quarter business results being the main factor influencing the market movements.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index climbed 0.49 per cent to 1,372.73 points.

It achieved a weekly gain of 2.8 per cent last week.

An average of 667 million shares were traded on the southern exchange during each session last week, worth VNĐ19.9 trillion (US$875 million).

“The market’s short-term trend outlook continued to see positive changes. However, the third-quarter business results of listed companies will be the main factor influencing the market movements in the short term,” said Bảo Việt Securities Co.

“With the prospect of Q3 corporate earnings being less favourable, the market’s gaining momentum will be restrained,” it said.

“Investors should avoid increasing the proportion of stocks in the portfolio when enterprises are about to reveal Q3 business results. Trading activities should only be done with a low proportion and focus on stocks with positive Q3 business results,” it said.

According to MB Securities Joint Stock Company (MBS), the market had witnessed strong gains the whole week. Although the liquidity was still at a low level, it had increased compared to the previous week, which implied that the market will rise beyond the August peak of 1,380 points.

Blue-chips stocks, which are issued by leading large-cap and reputable companies in the market, have stabilised and become more active last week, while small and medium stocks faced profit-taking pressure, MBS said.

The business results of the third quarter of 2021 are gradually announced, which may cause the market to strongly differentiate, MBS said.

According to Saigon-Hanoi Securities Joint Stock Company (SHS), although liquidity had improved compared to the previous week, last week was still the second consecutive week with liquidity below the 20-week average.

“This shows that investors were somehow cautious and some were still standing outside observing. Besides, foreign investors continued to be net sellers with more than VNĐ1 trillion on the two exchanges, which was still a negative point,” it said.

“From a technical point of view, ending last week above the psychological 1,350 points, VN-Index had opened up room for the next phase, with the nearest resistance zone being 1,375-1,380 points and if it can overcome this zone, the index might head to the psychological level of 1,400 points.

“In the negative scenario, if selling pressure returns, VN-Index is likely to retest the psychological support level of 1,350 points,” SHS said.

All groups of stocks recorded growth in the last week. The information technology group gained the most thanks to pillar stocks such as CMC Telecom (CMG), up 6.1 per cent, and FPT Corporation (FPT), up 6.6 per cent.

They were followed by construction materials stocks. Key rising stocks in the industry were Hoa Sen Group (HSG), rising 1.9 per cent, Hoà Phát Group (HPG), gaining 4.3 per cent, and Nam Kim Group (NKG), up 7.7 per cent.

Securities stocks also made gains, such as VNDirect Securities Co (VND) up 3.6 per cent,  SSI Securities Inc (SSI) up 4.2 per cent, Saigon-Hanoi Securities Co (SHS) gaining 5.1 per cent, Việt Capital Inc (VCI), up 6.6 per cent, and FPT Securities Co (FTS) up 13.3 per cent. VNS