The market has shown signs of stagnation that are not unpredictable after increasing for four consecutive sessions, with high electronic records and slowing cash flow. However, there are still notable individual highlights, such as the attraction from Gelex stocks or the rookie Vinpearl maintaining the price ceiling early.
The group of stocks that investors sold the most in today's trading session were blue chip codes. This is a group of stocks with a strong increase, helping the VN Index surpass the 1,300-point mark.
However, VN Index still receives support from VPL codes. Although it could not maintain the ceiling increase streak, this stock code still contributed 1.4 points to the index.
On the other hand, the most negative impact on the market is VCB code. At the end of the session, leading banking stocks decreased by 2% and indirectly caused the index to lose 2.2 points. In addition to VCB, the index is negatively affected by banking stocks.
The release of large stocks caused the VN Index to "evaporate" by nearly 12 points (equivalent to 0.9%) to 1,301 points. Although they lost points, the difference between the increase/ decrease codes was insignificant. HoSE Electricity Group recorded 186 codes down, compared to 132 codes up and 46 codes sideways.
Liquidity in today's session is above VND20,000 billion with more than VND905 million of shares matched, equivalent to a trading value of VND20,556 billion.
Foreign investors after 3 net buying sessions also "turned around" to sell net today. Foreign investors net sold VND955 billion on the HoSE exchange, of which many stocks were net sold strongly such as FPT (VND228 billion), VHM (VND188 billion), MSN (VND102 billion).
Forecasting the trend of the stock market, a recent strategic report by Maybank Securities (MSVN) said that corporate profits in the first quarter of 2025 still maintained a positive growth momentum with an increase of 13.2% over the same period. Leading enterprises continue to take advantage of the current context to expand scale and increase market share.
In the context of increasingly clear prospects for US-Vietnam trade negotiations, we believe that negative external factors will gradually cool down and face the counterpart of the Government's support determination as well as the flexible rotation capacity of listed enterprises, the report stated.
On the other hand, the process of reducing trade escalation continues to be a supporting factor for market valuation.
Accordingly, the MSVN analysis team adjusted the profit forecast for the whole market and the VN-Index target at the end of the year up by 5-10%.
Maybank adjusted the VN-Index target at the end of the year to 1,300 points (baseline scenario), 1,500 points (Best scenario) and 1,050 points ( Worst scenario).
The total market profit is forecast to increase by 7.7%-4.8% in the baseline scenario; increase by 15%-15.7% in the best scenario and grow negatively in the negative scenario.
