The stock market entered the trading session right after the holiday with the inevitable anxiety of investors. On April 7 (due to Vietnam's Anniversary holiday), the Vietnamese stock market avoided a storm of sell-offs in the global financial market.
Many indicators in major markets have reached their lowest level in many years, even having to activate the circuit breaking mechanism because of the sharp decline. Investors are playing a "super-fast flight" with unpredictable reversals in the international stock market.
For the Vietnamese stock market, before opening today's trading session on April 8, it is difficult to accurately assess the market trend in the short term. Analysts are still quite cautious but still expect optimistic signals.
And this was clearly demonstrated when opening today's trading session (8.), the Vietnamese stock market was rocked by strong selling pressure. The market lost nearly 50 points when it first opened for trading. Many stock codes have been ordered to be sold at floor prices.
However, domestic investors expect that the negotiation process of tax rates and cash flow participating in buying cheap stocks may increase in the coming period to help the market create a balance in the range of 1,200 - 1,250 points in this trading week.
Kafi Securities Company believes that the market may continue its technical recovery with target areas ranging from 1,230 - 1,250 points, as investors expect the parties to make initial progress in trade negotiations. However, it should be emphasized that concerns about tariffs have not been completely relieved, so the market continues to maintain a cautious state and the possibility of strong fluctuations is still very high.
PhS Securities Company commented that the possibility of cash flow will continue to divide strongly and the market takes more time to balance. The index may also vibrate around 1,190 - 1,220 points in the next sessions before establishing a clear trend. In case the pressure of selling and removing and the index of 1,190 points can be retreated back to 1,160 - 1,180 points. In the current context, investors should maintain caution, closely monitor market changes and prioritize risk management strategies.
Analysts from DSC Securities Company believe that the market will continue to fluctuate strongly. However, it is not too optimistic, the possibility is that the bottom will form in the range of 1,160 - 1,180 points. Investors with a medium and long-term vision can watch for fluctuations and panics to gradually enter positions, focusing on strong stocks of the banking and securities groups.
The US government's countervailing tax policy with high tariffs on Vietnamese goods is a short-term shock, but that does not mean that the economic outlook is reversed. Vietnam's microfinance is still supporting growth. Even in the worst case scenario, Vietnam's GDP will still be at a high level compared to the region and the world.
Money is still cheap and that cycle is unlikely to reverse in the coming period. With stable FDI inflows and inflation under control, the Vietnamese economy can take advantage of low production costs and an abundant workforce to maintain its position. Investors should not panic about short-term fluctuations in the financial market or worry about US protectionist measures. Look further, do not let short-term fog obstruct your vision, do not recognize the light of long-term potential, DSC experts said.
