In the trading session on April 7, the stock market maintained a state of fluctuation around the reference level before suddenly reversing to increase slightly at the end of the session.
Closing the trading session on April 7, VN-Index increased by 2.5 points to the threshold of 1.677.5 points. Total trading volume reached more than 612.5 million units, value of 15,152.2 billion VND, down more than 8% in volume and 15% in value compared to yesterday's session. Foreign investors continued to maintain net selling momentum with a value of about 781 billion VND.
Experts believe that the boring trading situation of the market stems from a cautious mentality in the face of new variables of Middle East tensions that are forecast to have a significant impact on the oil market - one of the important bottlenecks for the world economy.
The hot and high increase in oil prices in recent times is raising concerns about inflation, affecting the monetary policy of the Fed and world central banks. This will also have a significant impact on the stock market.
Besides, there is information related to the FTSE upgrade announcement period. The mid-term evaluation results of FTSE Russell are expected to be announced in the early morning of April 8, 2026. This is considered a key step in Vietnam's upgrade roadmap.
In a newly released report, Vietcap Securities Company stated that the stock market entered April with a state of interweaving opportunities and risks, in the context that valuation has become more attractive after a strong correction but cash flow still maintains a cautious mentality.
After a deep decline in March, the P/E of VN-Index has retreated below the 10-year moving average, to about 15.2 times. This valuation level close to -1 standard deviation of the index shows the attractiveness of the market in terms of value, especially in the context that the Government is still steadfast in its goal of double-digit growth in the coming years.
Vietcap offers a positive scenario with a probability of 60%, according to which VN-Index is likely to have formed a medium-term bottom around the MA200 area at 1,660 points. The index may continue to recover in a slow and cautious direction, depending on signals from the international market.
In the event that external factors improve significantly, such as negotiation progress in the Middle East, oil prices cool down and US stocks surpass MA200, VN-Index may conquer the resistance zone of 1,765–1,770 points in the next 2-3 weeks, before heading towards the 1,830 point mark in April.
Rong Viet Securities Company (VDSC) also gave a comment that after a volatile March with many deep corrections, the Vietnamese stock market entered April in a cautious state, but gradually appeared long-term accumulation opportunities. When risk factors such as geopolitical tensions and interest rate pressure have somewhat reflected in prices, investors are starting to expect recovery based on a stable macroeconomic foundation.
VDSC forecasts that VN-Index in the short and medium term will fluctuate in the range of 1,584 - 2,042 points. The target valuation (Adjusted P/E) is about 12.5x - 16.0x, corresponding to fluctuations from -5.4% to +21.9% compared to the end of March. This shows that the market is not ready for a rapid increase, but there is still room for recovery if supporting factors appear.
