The stock market will have a long holiday, trading will only have two sessions in the following week, so experts predict that it is likely to activate short-term orders to reduce the proportion of stocks.Fluctuations as predicted took place early in today's session (April 24) with red color somewhat dominant on the electronic board.
At the end of the trading session on April 24, VN-Index decreased by 17.07 points (-0.91%), to 1,853.29 points.Market liquidity decreased compared to the previous trading session, with the matched order trading volume of VN-Index reaching more than 568 million shares, equivalent to a value of more than 17,300 billion VND.
Stocks that put great pressure on the index were VHM, VIC, VCB codes when taking away a total of more than 14 points of the index.Accordingly, VHM stock decreased the most -5.2% to 141,200 VND, VCB -3.5% to 60,600 VND, VIC -1.1% to 212,100 VND.Another red color also spread more widely in the VN30 basket, with BID, VPL, S In which, the real estate sector is the group with the strongest decrease in the market with 1.76%.
Followed by the non-essential consumer goods and information technology sectors with decreases of 1.45% and 1.19% respectively.Ending the trading week from April 20, the VN-Index still recorded an increase of 36.12 points, equivalent to +1.98% and recorded the fifth consecutive week of increase.Meanwhile, foreign investors continued the strong net selling momentum of VND 1,948 billion across the market.
With investors' questions about the reason why foreign investors are still diligently net selling recently despite the very bright upgrading prospects, Dr. Nguyen Duy Phuong, Director of DG Capital, stated his opinion that upgrading does not mean that cash flow will enter immediately.
With passive capital flows, only when officially put into the index basket, ETF funds allocate capital according to proportion, and this process takes place gradually.For active capital flows, being early from the time the upgrading story stops at the expected level may be the reason why some funds are taking profits.
Conversely, funds that have not previously invested will need market research time, usually taking 6 months to 1 year before disbursement.
A limitation currently is that the number of large, high-quality enterprises that meet the conditions for foreign investors is still quite small.However, if the Government promotes IPOs of large enterprises in the near future, new supply will help attract more foreign capital.
"Therefore, it is expected that in the next 6-12 months, foreign cash flow will gradually return to the Vietnamese stock market," Dr. Phuong stated his point of view.
Answering the question of which industries will attract cash flow in the second quarter, according to experts, first of all, it is necessary to look at the overall picture of the economy.The target of GDP growth of about 10% on average in the coming years will be a great driving force if it can be realized, but investment opportunities will be differentiated.
Therefore, investors need to prioritize large enterprises with good access to capital, or enterprises with the capacity to implement large projects, suitable for economic development orientations.
In addition, recent geopolitical conflicts have created short-term shocks.Many good stocks may be oversold, creating opportunities for investors to restructure their portfolios into enterprises with solid foundations and growth prospects.
Agreeing with the view that a lot of negative information has partly reflected in the price, making market valuation more attractive, Dr. Nguyen Duy Phuong said that the current time is an opportunity for disbursement for investors who hold cash.However, "all-in" should not be done because it is very difficult to accurately determine the market bottom, instead, the appropriate solution is to divide capital to invest in parts.
