The stock market entered the first trading session of the new week on April 13 with selling pressure from the bluechip stock group, causing VN-Index to decrease. The buying force participating was quite weak while selling pressure was still lurking, making it difficult for VN-Index to regain balance.
At the closing time, red dominated the HoSE board with 171 declining stocks compared to 137 gaining stocks. However, VN-Index still increased by nearly 9 points, equivalent to 0.51%, approaching the 1,760 point mark. The largest contributor to the market was VIC stock when it recorded an increase of up to 5.5% and contributed 14.4 points to increase the index.
Liquidity in today's session only reached an average level with more than 867 million shares matched, equivalent to a trading value of 22,172 billion VND.
After the buying session in the previous session, foreign investors switched to net selling slightly on the HoSE exchange with nearly 100 billion VND. The top 3 codes that were sold the most were FPT, VCB and VPB. In the opposite direction, they strongly bought the top 3 blue-chip codes of the market, VNM, VIC and HPG.
As mentioned above, Vingroup shares are the main support of the market with the VIC - VHM pair contributing up to 16 points to the overall index. At the end of the session, VIC increased by 5.5% and VHM increased by 1.5%.
Besides the large pair above, although the real estate group did not increase as well as at the beginning of the session, green color still prevailed with NVL increasing by 2.4% and having the most active liquidity in this group, reaching 29.3 million units; DXG increased by 1.3% and matched more than 19 million units.
The focus of attention is still CII stock. At the end of the session, CII increased by 6.7% to the ceiling price of 19,800 VND/share with liquidity ranked 2nd in the market, reaching 39.1 million units and a ceiling buy order of more than 6.2 million units.
The oil and gas group still increased slightly by nearly 1%, with the bright spot being BSR closing the session up 2.2% to 27,350 VND/share and liquidity reaching more than 13.4 million units. Along with the positive developments of the general market, the securities stock group was also more positive when it regained balance and recovered slightly.
Meanwhile, the banking and steel stock groups still adjusted slightly. SHB shares were the most actively traded code in the market with 115.2 million units matched, closing the session down 2.6% to 15,000 VND/share.
It can be seen that lowering interest rates is bringing two main effects. First, creating a positive psychological effect in the short term for "sensitive" to interest rates stock groups, such as housing real estate, construction, securities...
Second, expectations create conditions for a portion of cash flow to return to the stock market, especially when the valuation level of many stocks has become more attractive than the 5-year average after the recent fluctuations.
However, experts also note that the conflict in the Middle East is still a key factor affecting the stock market outlook. Meanwhile, the current trend of interest rate cuts may only be short-term.
Maintaining a prolonged low interest rate cycle will depend on many factors, including the unpredictable developments of macroeconomic variables as well as the capital mobilization needs of banks to serve the credit growth target in the context of the economy setting a GDP growth target of about 10% in 2026.
In the context of the market still having many fluctuations, it is recommended that investors maintain a cautious strategy. Investors can keep the proportion of stocks at a maximum level of about 60% of the portfolio, prioritizing stocks with low cost and maintaining a short-term upward trend. Not increasing the proportion to a higher level is to limit risks in the face of unpredictable variables from outside, especially geopolitical factors.
For investors holding a high proportion of cash, experts believe that they should only disburse partially at market fluctuations. The portfolio should prioritize stock groups benefiting from the story of market upgrades, as well as businesses that are forecast to have positive profit growth in 2026.
