The stock market had a trading week that brought many emotions to investors. The focus was on the trading session on April 22 when the VN-Index had at one point decreased by more than 70 points with many stocks on the floor. However, the main index has since recovered strongly as if nothing had happened with good liquidity.
At the end of the week, VN Index increased by 10.11 points (+0.83%) compared to the previous week and closed at 1,229.23 points. Regarding liquidity, the HOSE floor traded down, with a breakthrough in the decline on April 22. In total, the trading value last week reached VND 109,770 billion, down slightly by 1.2% compared to last week.
Foreign transactions also fluctuated strongly according to general market developments. The group of foreign investors suddenly returned to net buying in the early stages of the week and then intertwined to buy and sell at the end of the week. In total, after 5 sessions, foreign investors net bought VND686 billion in the whole market, marking the first week of net buying in 2025.
According to statistics according to stock codes, HPG shares were net bought the most by foreign investors with VND511.1 billion. Foreign capital flows also flowed into two stocks, MWG and STB, in which they net bought MWG 337.9 billion VND and STB 141.2 billion VND after 5 sessions last week.
On the other hand, the focus of net selling was recorded at FPT shares with a value of VND 271.3 billion. In addition, HCM and FTS were also net sold VND158.4 billion and VND156.5 billion, respectively.
After the tariff shock, the market is gradually regaining stability. Last week, the focus was on the General Meeting of Shareholders of many large-cap stocks with confidence in their business plans for 2025.
Cash flow shows that the level of differentiation is strong when looking at small and medium-sized stocks with high speculation, as well as some stocks with their own stories and information.
For example, on the HOSE floor, other stocks that increased were mostly names that held a General Meeting of Shareholders this week and had many positive information such as business results, production expansion, etc.
In particular, attention should be paid to the pair of bluechips from Vingroup, VHM and VRE. Of which, VHM shares increased to their highest level since August 2023, while VRE also found its peak in nearly a year.
With VRE, the conference approved the 2025 business plan with net revenue of about VND9,520 billion, an increase of more than 6% compared to 2024, after-tax profit of VND4,700 billion, an increase of nearly 15% compared to the previous year and if completed, it will be the highest profit ever. For VHM, the business plan for 2025 is VND 180,000 billion in revenue and VND 42,000 billion in after-tax profit.
Previously, many investors have questioned the feasibility of business plans this year when the tariff story has not yet had an official answer.
However, according to experts, the actions of businesses are completely well-founded. It is reasonable for businesses to have a business plan and keep it the same until now, because it is not known how the tariff situation will affect it, while the macro in the first quarter of 2025 is still good. Therefore, there is no reason for businesses to lower their business plans right now.
However, businesses making statements to keep their business plans unchanged at this time does not mean that they will not adjust in the next 1-2 quarters. If the market goes down and the macro is more unstable from tariffs, it is likely to start reflecting from the third quarter of 2025. Moreover, this is also the season to adjust business plans.
Entering May 2025, the market hopes that applying the KRX system will help securities businesses be more active. However, macro factors are still an important factor. This year, the story of the KRX system is assessed by analysts as not being able to have much impact on market liquidity.
