Vietnam's stock market has just spent a week of strong decline. However, it is worth noting that at the last trading session before 4.4, the market seems to be less negative when the cash flow has appeared to catch the bottom of the cylindrical stock group, helping the market's decline. The VN-Index had a strong recovery session when the market momentum pulled back more than 50 points from the lowest level and regained an important milestone of 1,200 points.
Dr. Nguyen Duy Phuong - Investment Director of DG Capital - said that bottom-fishing demand has returned significantly, especially focusing on large-cap stocks in key industries, which is a positive signal that investor sentiment is gradually stabilizing again.
Regarding trading developments next week, this expert assessed that the market could continue its technical recovery with the target range 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 will continue to maintain a cautious state and the possibility of strong fluctuations is still very high.
The Vietnamese stock market has had 3 consecutive days off before starting the next trading week. This is the time of low information, when all positive or negative news will be absorbed into the trading session on Tuesday (4.8).
In the first trading session of Monday (7.4.), the Asian stock market continued to plummet, aggravating the global stock sell-off due to China's announcement of retaliation by applying a 34% tax rate to all US goods. This has raised concerns about an escalating and damaging trade war globally, sending Asian stock markets into panic.
This is something that stock experts warn investors that the Vietnamese stock market will be affected to some extent and recommend that investors be cautious with bottom-fishing.
The Analysis Department of the Securities Company Pinetree said that the investor's psychology in general showed signs of progress in the tariff negotiation with the United States. However, at present, it is not possible to confirm the new bottom of the VN-Index has successfully created in the last session last week. If nothing progresses strongly enough to support, VN-Index will continue to face the risk of strong selling, and inertia reduces the continuous point will lead to the Call Margin command of securities companies.
With the current uncertainty and uncertainty, investors' bottom-fishing moves will not be encouraged. Instead, keep the ratio at a safe level and not open new purchases by borrowing margin when the market has not shown signs of stabilizing again.
A new balance will be established after all news about the tariff situation is officially announced, and foreign investors also need to reduce the pressure of release. In addition, with the two recent consecutive sharp declines, in the coming time, VN-Index will have two gaps that need to be filled, 1,230 points and 1,300 points further, the most optimistic is that the market will find a balance point and create a new bottom around the 1,200 point area," experts from Pinetree Securities Company expressed their opinion.
