The stock market last week maintained a fairly good price base despite a slight decrease compared to last week. The remarkable point is that the market held its support thanks to a few single blue chip stocks and cash flow spread to some large groups such as stocks.
It can be seen that the stock market is in a period of differentiation, the group of large-cap stocks has slowed down its increase, while the group of small and medium-cap stocks has had quite deep discount levels in the short term.
The overall liquidity of the market has weakened and supply pressure is gradually increasing compared to demand. Investors are also waiting for the US tariff policy in April with the upcoming business results for the first quarter of 2025.
April will also have many important information about the macro and business operations, so experts predict that the market will fluctuate more strongly.
Analysts from HSC Securities Company believe that the Vietnamese stock market is in a technical adjustment phase, but the level of adjustment of the VN-Index is not currently deep, although many stocks have decreased by 10 - 15% from the most recent short-term peak. Most stocks are under pressure to take short-term profits, but the VN-Index remains in good shape.
Compared to the "istship" periods in recent quarters of 2024, the current average liquidity is still significantly higher, reflecting the increasing interest of domestic individual investors in stock investment channels. Therefore, we basically do not see any worrying signs about the market, HSC experts commented.
Experts from Vietnam International Securities Company (VISE) commented that the business results of enterprises in the first quarter of this year are still a mystery, however, some industries are expected to be more positive thanks to activities to promote public investment to grow the economy continuously from last year to present.
This year's general market will see some sectors emerge more promisingly, benefiting from economic policies and global trade fluctuations. In particular, some sectors such as banking, securities, construction, retail, and agricultural livestock are forecast to have the most remarkable positive growth.
These are also the groups of industries forecast to have the best growth rate this year compared to the remaining industries. Some remaining industries such as retail, logistics, and industrial park real estate are also expected to have great potential thanks to the recovery of consumption and increased trade demand since the beginning of the year.
Dr. Nguyen Duy Phuong - Investment Director of DG Capital - also noted that investors are showing signs of increasing the use of leverage. Major securities companies have recorded higher demand for marginal loans, while unofficial lending facilities have appeared more often than at the beginning of this year. This is a factor that needs to be closely monitored to assess short-term market trends.
