Entering today's trading session on April 10, investor sentiment has become more positive, confidence buy orders entered with green color spreading widely on the electronic board, helping VN-Index increase points right from the beginning of the session.
The focus is on the banking stock group, although it has not had a breakthrough in points, it is currently the group with the most attractive trading codes and the highest matched order volume on the exchange. Positive information may come from banks committing to reduce deposit and lending interest rates immediately after the meeting with the Governor yesterday afternoon, April 9.
At the end of the trading session, VN-Index increased by 13.32 points (+0.77%), to 1,750 points; HNX-Index increased by 0.93 points (+0.37%), to 251.91 points. The breadth of the whole market with green color is somewhat overwhelming when buyers have 430 gainers and sellers have 350 losers. Similarly, green color also dominates the VN30 basket with 20 gainers, 6 losers and 4 reference codes.
Market liquidity decreased compared to the previous trading session, with the matched order trading volume of VN-Index reaching more than 855 million shares, equivalent to a value of more than 22 trillion VND; HNX-Index reached more than 82.4 million shares, equivalent to a value of more than 1,500 billion VND.
Regarding foreign investors' transactions, this block returned to net buying more than 839 billion VND on the HOSE exchange. On the HNX exchange, foreign investors net bought more than 24 billion VND.
Regarding the level of impact, VIC, TCB, BSR and GAS are the codes that maintained green color and helped the index increase by 9.4 points. In the opposite direction, VHM, BVH, HPG and FPT are the codes that have the most negative impact on VN-Index and took away more than 1.9 points.
The energy sector is the group with the strongest increase in the market with 5.57%, mainly coming from stocks such as BSR (+7%), PLX (+4.18%), PVS (+5.6%), PVD (+4.63%), PVT (+3.69%) and OIL (+7.04%).
In a newly released report, SGI Capital believes that domestic cash flow still plays a leading role in the stock market but notes the increasing sensitivity to interest rate fluctuations, especially in the context that margin debt remains around the peak of 2025. When interest rates increase, domestic capital flows may reverse, triggering the downward leverage process - a factor that often appears early on the stock market due to high liquidity.
In general, the economy and the stock market in particular this year face a number of short-term difficulties: reduced liquidity, increased inflation, tariff risk, and foreign capital withdrawal from emerging markets. In the immediate future, in the upward trend of interest rates, cash will gradually reign and be a good defense channel to wait for the stock market to reduce leverage, make enough discounts and bring truly attractive investment opportunities.
However, in the long term, SGI Capital believes that institutional reforms, market upgrades, and a new government with extensive management experience will help navigate and overcome the above uncertainties. Listed companies, which are the most dynamic and effective representatives of the economy, will also soon adapt and overcome difficulties and challenges as they have done many times before.
Regarding monetary policy, the current interest rate level, although no longer at a low level, is still assessed as suitable to support economic growth. In the coming time, interest rates are likely to remain stable and can be adjusted flexibly depending on external developments. If international factors, especially geopolitical tensions, soon cool down, domestic monetary policy may shift to a more supportive state for growth.
