The Vietnamese stock market experienced quite strange developments in the explosive trading session on April 10. VN-Index had the strongest increase in history, recovering to the 1,168 point zone with all VN30 stocks "empty on the selling side".
At the beginning of the 11.04 session, as of 10:00 a.m., the VN-Index increased by more than 33 points, regaining the threshold of 1,200 points. Liquidity increased sharply by more than VND 16,000 billion with more than 750 million shares traded.
Green temporarily dominated the VN30 basket with 5 codes down and 25 codes up. Of which, BCM, GVR, VRE, LPB and SSB were the stocks with the strongest declines. On the other hand, HPG, MWG, VCB, GAS and BID were the stocks with the strongest price increases.
Financial stocks continue to grow steadily in the market as most stocks keep the green level. In particular, stocks increased well such as VCB increased by 4.63%, BID increased by 3.31%, CTG increased by 2.63%,
Along with that, telecommunications service stocks are also contributing positively to the market score this morning with a growth rate of 3.9%.
Commenting on market developments, the analysis department of Pinetree Securities Company said that all overly negative reactions have been reflected in the price, when the market has almost no high expectations for the possibility of tariff negotiations with clear progress.
Therefore, President Donald Trump's sudden announcement of a 9-day tax delay for 75 trade partners, including Vietnam, can be said to be far beyond investors' expectations.
This will both help Vietnam have more time to negotiate more dovish tariffs, and at the same time, it will be a strong and loose boost for investors in the current hot time.
"The excitement spread throughout the market, in all industry groups. Shares on the market are almost all over-sold, and this recovery is expected to last at least 2-3 sessions," Pinetree Securities Company stated.
Investor sentiment can be said to have been completely removed, and is in a state of fear of missing out on the market with investors having a high cash ratio. In addition, investors who have stocks do not want to sell immediately because they expect the market to continue to recover.
Pinetree Securities Company predicts that the market will recover as quickly as the market went down. However, the market's short-term resistance will be in the 1,250-1,270 range. In the following sessions, cash flow will focus on the market's main stocks rather than midcap stocks. Stocks with good internal strength and fundamentals will also be more noticed than stocks with "istsories".
In addition, although the tariffs have been extended for negotiations, the risks remain. Therefore, Pinetree recommends that investors focus on industries that are less affected by exports such as banking, consumption, public investment, and securities.
Regarding the recovery rate after sharp declines, according to statistics over the past 10 years, the VN-Index has adjusted more than 4% in 24 times. According to SSI Research, although the market may still have adjustment momentum in the short term, the market recovery rate after 1-3 months and 12 months is relatively high at 70% and 75%, with the average profit after 12 months being 16%.
Investment opportunities are appearing in some defense industries. Among them, SSI highly appreciates industries such as information technology, energy, finance, and essential consumer goods that tend to recover better within 1-3 months after strong market adjustments.
According to SSI Research's preliminary estimate for over 80 tracked stock codes, the total profit in 2025 of enterprises is forecast to increase by 17% in the positive scenario with a tax rate of 10%, and decrease to a 1-digit growth rate if the average tax rate is 20%. The analysis team also noted that the business prospects of enterprises still depend on many variables and can be supported by Government response solutions to promote the domestic market.
