Today's trading session (April 4) is a trading session that brings investors many emotions. The market opened in red, VN-Index lost another 72 points after the previous record decline. However, the massive cash flow pouring into the bottom has dragged a series of stocks off the stock exchange, even some stocks reversed and regained their green color.
VN-Index closed on April 4 down only by 19.17 points (1.56%), closing at 1,210.67 points. Meanwhile, VN30 is also close for reference. HNX-Index also significantly narrowed the decline while UPCoM-Index even reversed and increased again.
Expected trading pushed market liquidity to a record high. The trading volume on HoSE reached nearly 2 billion shares, the corresponding matched value reached nearly VND40,000 billion, the highest in history. Cash flow mainly comes from domestic investors while foreign investors continue to sell strongly for more than VND 2,800 billion.
Vingroup, especially VIC shares, was a support for most of the trading session. Investor sentiment gradually stabilized, cash flow then spread positively, many other Bluechips began to recover, notably the banking group. In particular, LPB shares were the focus when they made a spectacular comeback to increase the ceiling.
Dragon Capital experts said that the fluctuations on January 3 not only surprised domestic investors but also created a wide impact on the global financial market. This is a series of turning points, reflecting the inherent characteristics of the stock market " Vctuality is always an inevitable part". Investors need to identify the importance of viewing the market from a long-term perspective, instead of a short-term reaction to fluctuations.
Dragon Capital has set two growth scenarios for 2025: cautious at 6.5-7.5% if the high tax rate continues to be maintained and optimistic at 7.5-9% if negotiations are successful. Experts also emphasized that when the market is hit by external shocks, internal strength needs to be strongly promoted to remain stable. The key driving force to promote internal resources will come from public investment, domestic consumption and policies to support businesses.
Regarding the stock market, experts from Dragon Capital forecasted that the listed profit growth was expected to reach 15-17% in 2025. The affected industries include chemicals, consumption, food and steel, but the total capitalization accounts for only 5.5% of VN-Index.
Dragon Capital rates the market at its lowest level in 10 years, with PE around 10 times - attractive compared to the region. The new KRX trading system will be deployed on September 5, along with expectations of upgrading the market in September, which are two important catalysts for cash flow and investor sentiment.
For individual investors, experts recommend keeping a long-term strategy, not fluctuating due to short-term fluctuations. The impact of tax policies is real, but not uncontrollable. When the market adjusts due to external factors, that is also the time when opportunities for long-term investors appear.
