The stock market has just experienced one of the strongest volatility in recent years, when information related to US tariff policies has been published.
It is rare for VN-Index to lose more than 4 points after only 4 sessions, but thanks to that, the market will return faster. Currently VN-Index has returned to over 1,200 points, so the stock market is expected to have many strong fluctuations when investors restructure the portfolio.
In the process of recovery after the shock, the market recorded a clear differentiation between stock groups. Stocks in the branches directly affected by tax policies such as textiles, wood, logistics, rubber and industrial parks have reacted negative due to the large proportion of revenue from the US market.
In contrast, the stock group is less or not affected by tariffs, showing better resistance and is becoming a favorite destination for caution cash flow in the current period.
In the short term, the business results of some branches such as banking, construction materials, food - capital mainly serving the domestic market - have not fully reflected the impact of tax policies on production and business activities.
However, from a macro perspective, the quantification of the impact of 10% is worth paying attention to. Not only because there is not enough clear quantitative data, but also because of the indirect effect on the purchasing power, income and consumption behavior of the people is very difficult to measure in the present time.
Commenting on the trend of the market in the new week, experts give the view that there will be increasing - decreasing sessions, the margin of shrinking. The cylindrical groups such as banks and securities will shape the market trend in the new week and are also the biggest cash flow industry groups.
Dr. Nguyen Duy Phuong, Director of DG Capital Investment, said that the international financial market has become more sensitive and fluctuating since the beginning of the year when new policies on diplomacy and economic US economic impact on the globe. Investors may have to get used to unexpected news from the fluctuations of the world market to set out the appropriate response strategy.
After a sharp decline, the recovery wave will be divided equally among all of the first sessions that only the stocks have good foundations, clear growth stories, or benefit from the policy that has a breakthrough in their own path. This is the time to filter the category, putting force into real potential names.
"The structure of a reasonable portfolio, allocating cash flow into any group of investors should consider to avoid passive problems when unexpected events occur. Investors also need to avoid following news to buy and sell according to emotions," Dr. Phuong said.
Industry groups are being highly appreciated by analysts, including banks, securities, construction and retail. In banks, banks have good CASA rates, tight debt control and benefit from credit growth, and strong numbers will stand out.
The stock group stands out in large market share groups, safe and growth portfolio. In retail groups when interest rates lower and recover consumption, prioritizing businesses with large distribution networks and good management.
