After 3 consecutive weeks of recovery, the Vietnamese stock market entered the trading session on April 13 with a more positive sentiment, but the state of stalemate is still present.
At the end of last week's trading session (April 10), VN-Index recovered to the 1,750 point mark, with significant contribution from the banking group and some pillar stocks. This helps improve investor sentiment, but also shows that the current upward momentum still depends on the leading group and has not spread widely throughout the market.
As the index moves to a higher point range, short-term profit-taking pressure tends to increase. Therefore, although the support base has become more positive, the market is likely to still experience fluctuations, with the main trend being alternating ups and downs.
Cash flow currently tends to focus on the banking group - the group that plays a leading role in the index. Closing the trading session on April 10, LPB shares reached 49,300 VND/share, up 2.71%; MSB increased 5.37% to 12,750 VND/share; ACB maintained the level of 23,850 VND/share after the previous strong increase.
These signals show that cash flow is returning to the banking group, especially in stocks with good liquidity and recovery space. If VN-Index maintains the 1,750 point zone, this group is likely to continue to play the role of maintaining market momentum in the short term.
On the international market, world stocks continued to struggle as investors were cautious about the policy of the US Federal Reserve. Indices such as S&P 500, Dow Jones and Nasdaq Composite fluctuated in a narrow range.
In Asia, Nikkei 225 maintains a positive trend, while Shanghai Composite is still under pressure. This shows that global cash flow is differentiated and cautious.
The S&P 500 index fluctuates around 6,600 - 6,700 points; US 10-year bond yields are around 4.25% - 4.31%. Brent oil prices remain high, while the Dollar Index fluctuates around 99 - 101 points. World gold prices are around 2,300 - 2,400 USD/ounce, reflecting the trend of seeking safe assets.
In general, the April 13 stock market may continue to struggle, with opportunities concentrated in the banking group and large-cap stocks. In the context that the market has not yet formed a clear upward trend, investors should prioritize selecting stocks, limit chasing purchases and strengthen risk management.
External markets
Closing the trading session last week (April 12), WTI oil price was at 96.57 USD/barrel, down 1.30 USD/barrel, equivalent to a decrease of 1.33%. Brent oil was at 95.20 USD/barrel, down 0.72 USD/barrel, equivalent to a decrease of 0.75%.
World gold prices are listed around the threshold of 4,747.2 USD/ounce.
