The stock market is having an impressive series of gains despite facing no small pressure. In today's trading session on April 15, pillar stock groups such as banking, securities, real estate, especially the Vingroup's support point is still quite solid, which has helped VN-Index continue to move up to the strong resistance level of 1,800 points.
At the close of the trading session, HoSE recorded 194 declining codes, while the number of increasing codes was 105 codes. However, the group of stocks that increased in price had the presence of the "Duo" Vingroup, VIC and VHM. With an increase of 7%, VIC contributed 20.2 points; while VHM increased by 6.3%, adding 7.5 points.
Thanks to the "unimaginable" support from these 2 stocks, VN-Index closed the session up just 25 points, equivalent to 1.41%, to 1,800 points.
Liquidity in today's session stood at an average level with more than 910 million shares matched, equivalent to a transaction value of 24,430 billion VND. According to statistics, there are 2 codes with a matched order value of more than 1,000 billion VND, which are HPG and SHB.
Foreign investors suddenly returned to net selling more than 3,500 billion VND on the HoSE exchange. Among them, the focus is VHM - being net sold more than 3,370 billion VND. Conversely, the code of the same family, VIC, was strongly net bought by foreign investors with 373 billion VND.
According to experts' assessment, the fact that the deposit interest rate level is maintained at a low level and the monetary policy orientation towards supporting growth is clearly a positive factor for the stock market. When capital costs decrease, cash flow tends to seek higher profit channels, and stocks are often one of the natural choices.
When savings interest rates decrease, the gap between deposit interest rates and stock yields will narrow, causing cash flow from savings deposits and bonds to shift to other channels, including the stock channel.
Market developments in recent sessions show that real estate and securities stocks are the fastest reacting groups. However, experts also cautiously note: this effect needs months to spread, and will only be really strong when the economy grows sustainably and inflation is well controlled. If geopolitics is unstable, cash flow may still choose to defend instead of pouring heavily into high risks.
Investors also consider many other factors such as business profit prospects, global risks and market sentiment. In the short term, these industry groups may react quite sensitively to interest rate information, but to form a sustainable upward trend, many combined and supporting factors are still needed.
Short-term investors can take advantage of adjustments to the support zone to trade, especially in stocks with good quality that are forming an accumulation price base. In parallel, with a medium-term vision, this is also a suitable period to gradually accumulate stocks with good fundamentals, reasonable valuation and clear growth prospects.
When the market enters a new upward cycle - especially if the story of upgrade becomes a reality - these stocks are often the trend-leading group instead of just increasing according to the short-term psychological effect. The market today is like a spring being compressed: it may not rebound strongly immediately, but the longer it accumulates, the longer the trend forms, the growth band will usually be significant.
