Market Before the 17/06 Session: Banks Expected to Lead a Positive Opening
The stock market in the upcoming session is set against a more favorable backdrop, as overnight news further reinforces expectations for the banking sector. The record capital raise of approximately VND 128,000 billion is seen as a major highlight, which could support financial capacity and spread positive sentiment to large-cap stocks in this group.
Market Outlook: Trend Leaning Positive
From a technical perspective, many stocks continue to maintain an uptrend with positive MACD readings. Near-term support levels at OCB 11,400, VND 17,550, PGV 23,650 and DHC 36,500 are zones to watch, while the corresponding short-term resistance levels are OCB 12,950, VND 18,400, PGV 24,000 and DHC 36,800.
The securities group is also showing short-term heat following strong rallies in several tickers such as CTS, BSI, FTS, APG and CLW. This could lead early-session cash flows to keep rotating between banks and securities, provided liquidity remains healthy.
Notable Stocks and Liquidity
| Ticker | Change | Significance |
|---|---|---|
| CTS | +7.0% | Leading the rally |
| BSI | +7.0% | Strong short-term momentum |
| FTS | +6.9% | Attracting cash flow |
| TCI | -7.0% | Watch for selling pressure |
| DAT | -6.9% | Short-term weakening risk |
| TIX | -6.9% | Negative volatility |
Standout liquidity on HOSE continues to concentrate in actively traded tickers such as SHB at 47.9M, VIX at 42.9M and SSI at 23.2M. This signals that short-term cash flow remains present, although its sustainability will depend on demand at the open.
Notable Technical Signals
- SJG: composite score of 81.6, currently in overbought territory.
- VLB: composite score of 78.2, with a clearly defined uptrend.
- MSR: composite score of 76.1, with both MACD and EMA positive.
On HNX and UPCOM, stocks with solid technical foundations continue to maintain high scores, including HMH, SZB, SAF, PJC, OCH, SJG, VLB, MSR, PHP and HPT. Nevertheless, investors should be mindful of overbought conditions in certain stocks such as SJG and PHP.
Pre-Session Outlook
The most likely scenario for the morning session is an index opening with a positive tilt, followed by a quick test of nearby resistance for the leading stocks. If buying demand holds up, the uptrend could be reinforced; otherwise, the market is likely to shift into choppy trading within a narrow range.
Against this backdrop, the support zones of the stocks being monitored, along with the capital raise story in the banking sector, will be key factors to follow closely throughout the trading session.
The data is for analytical and informational purposes only; it does not constitute investment advice.