The stock market continued to maintain its upward momentum in today's session on April 14 with the main support in points still coming from the Vingroup group of stocks.
Closing the session on April 14, VN-Index increased by 16.69 points (+0.95%), to 1,775.65 points. Total trading volume reached more than 889.3 million units, value of 23,451.5 billion VND, equivalent in volume and slightly increased by 4% in value compared to yesterday's session. Block transactions contributed more than 115 million units, value of 3,220 billion VND. Foreign investors' transactions are a plus point when net buying 195 billion VND across the market.
The pair VIC and VHM continued to lead the wave, with VHM increasing best in the VN30 basket with an increase of +4.9% to 128,900 VND, while VIC +3.4% to 165,500 VND, matching 5.57 million and 3.65 million units respectively.
The difference and highlight of today's market session is the surge of raw material stocks with a focus on steel industry codes with HPG code +2.7% up to 28,550 VND, matching more than 61.9 million units, TLH, HSG and NKG have increased to the ceiling price, in which, HSG and NKG matched 12-13 million units and still had a ceiling price buy order of more than 2 million units. Meanwhile, SMC shares +4.8% up to 14,150 VND, matching 0.91 million units.
Experts believe that the general trend of the market is still improving, accumulating after a period of decline and recovery, under the fairly positive influence of some large-cap stocks, the real estate group.
According to the latest report from ABS Securities Company, in the last 2 weeks of March, the market has given supporting signals and refused to decrease in price with depleted trading volume, along with vulnerable sentiment from geopolitical information. Recent recovery sessions show that selling pressure has been absorbed, slowly thanks to the quiet return of medium-term cash flow.
Increase sessions have returned in a skeptical mood, while stock prices selectively absorb bad information," said ABS experts.
The above developments show that the 1,586 - 1,606 point zone is playing an important supporting role for the market until the end of 2026. However, the long-term trend still maintains a state of stagnation until VN-Index confirms surpassing the peak of 1,920 points.
In the medium term, adjustment developments show that the downward momentum has stalled as the market retreats to the upper support zone, thereby forming a solid price base. The downward momentum gradually weakens, while the pillar stocks in the VN30 basket still maintain important support for the upward phase from April 2026. The market structure has also formed a balanced bottom, and at the same time recorded large cash flow returning to stock groups such as banking, real estate, securities, steel, and transportation.
On that basis, ABS believes that the market may form a sideways trend in the 1,600 - 1,880 point area before confirming the upward trend, in phase with the long-term trend.
In the short term, the market is giving technical signals to start increasing again. Although cash flow is still cautious due to negative macroeconomic information factors, the price position is improving. The price structure is forming a higher bottom in the day frame. According to ABS, the index surpassing and maintaining above the 1,750 point mark is a necessary condition to consolidate the short-term upward trend in April.
Currently, the market is operating in a scenario of maintaining the medium-term support zone of 1,586 - 1,606 points. According to ABS, the risk factor for stocks has decreased significantly, creating conditions for continuing to increase medium-term holding positions when the market is still in a state of doubting the upward trend.
For short-term trading investors, trading frequency can be increased based on the support - resistance levels of each stock, prioritizing stocks forming bottoms after gradually increasing above the short-term framework. In the coming period, the groups of stocks prioritized for disbursement include: banking, real estate, securities, steel, fertilizer, seaports - warehousing.
In terms of valuation, after a strong adjustment in March, the P/E of VN-Index for the last 4 quarters has reached 14.05x on April 9, 2026, slightly higher than the 3-year average of this index at 13.83x. This is an attractive valuation considering the positive prospects of Q1/2026 business results to be announced soon.
