The fact that US President Donald Trump temporarily postponed the imposition of tariffs for 90 days has helped investors relieve psychological stress in recent days and the VN-Index has turned to increase spectacularly early this morning (October 10).
The entire HOSE floor has almost no stocks that have decreased, recording 515 stocks increasing, with more than 350 stocks of which have increased the ceiling, including all 30 blue chip stocks in the VN30 basket with the ceiling buyback increasing day by day.
Most of the stocks have passed the price line early, especially in the context of the market only recovering after many consecutive sharp declines, it is understandable that the number of stocks sold is not much, leading to a situation of white sides.
At the end of the morning session, the HOSE floor had 525 stocks increasing, including 355 stocks increasing the ceiling, and only 4 stocks decreasing, the VN-Index increased by 73.10 points (+6.68%), to 1,167.4 points.
Total trading volume reached nearly 279 million units, worth more than VND 4,986.1 billion, much lower than yesterday morning's session (4.9) with more than VND 1.03 billion, worth more than VND 20,528 billion.
The agreement transactions contributed nearly 39 million units, worth 690.3 billion VND.
The HNX exchange has 207 stocks increasing (133 stocks increasing the ceiling) and 17 stocks decreasing, HNX-Index increased by 15.67 points (+8.13%), to 208.24 points.
The total matched volume reached more than 41.9 million units, worth 465 billion VND. The deal has an additional 4 million units, worth VND 52.5 billion.
The entire VN30 basket increased its range, of which the highest order matching was SHB with nearly 18 million units, followed by VIC and SSI with 3.7 million and 5.16 million units.
In that context, foreign investors net sold nearly VND570 billion, focusing on KBCs of nearly VND153 billion, TLG of nearly VND114 billion, CTG of more than VND90 billion, PHR of more than VND62 billion.
In the net buying direction, the buying force is insignificant, with the leading stock, TCB, also only nearly 27 billion VND.
According to many assessments, the Vietnamese stock market has reacted somewhat excessively to information from outside, especially the issue related to tariffs.
This view VinaCapital gave in a report on the impact of recent US tariff policies. Foreign investors believe that many businesses with a solid foundation are likely to be sold too strongly.
This strong sell-off creates an opportunity for fund managers to proactively buy stocks with good fundamentals and less directly affected by tax policies, with more attractive valuations. The most obvious group that can benefit from the Government's efforts to offset the impact of tariffs on GDP growth is VinaCapital.
