Stocks tomorrow, April 9: When will the decline of Vietnamese stocks stop?

Entering the new trading session after the holiday, the Vietnamese stock market continued to decline.

At the end of the session on April 8, VN-Index lost 77 points (-6.43%), closing at 1,132.79 points. This was the third consecutive decline since US President Donald Trump announced tariffs on Vietnam.

Order matching liquidity on HOSE decreased with more than 1 billion shares.

The VN30-Index basket of large-cap stocks fell 83 points (-6.48%), closing at 1,197 points. In the group, all 30 stocks decreased in price, such as BVH (-7%), CTG (-7%), FPT (-7%), GAS (-7%), HDB (-7%).

Stock market falls sharply after Trump's announcement

Many stocks hit the floor in the session of April 8

With the market continuing to decline, most stock groups are in the red. Banking, securities, technology groups, etc. all fell sharply, with many stocks hitting the floor.

Foreign investors continued to net sell on the HOSE floor, with a value of 1,723 billion VND. Of which, they strongly sold MBB shares (-411.6 billion VND), VHM (-369 billion VND), FPT (-323.9 billion VND)...

On the other hand, they bought many shares of MWG (+99.4 billion VND), CTG (+85.9 billion VND), SAB (+29.2 billion VND), BMP (+23.9 billion VND).

Dragon Capital Securities (VDSC) commented that the current market movement shows that the downtrend has not stopped and has fallen below the support zone of 1,150 points. The current downtrend may continue in the next trading session with the next support zone being the 1,080 - 1,100 point zone.

However, this support zone is close to the trend line connecting the April 2020 bottom and the November 2022 bottom, this zone is expected to have a better support effect and help the market curb the decline.

VDSC recommends that investors should be cautious in the face of unpredictable market fluctuations and should keep their portfolio proportions at a reasonable level because risks still exist.

Besides, investors can consider the price range with good discount of some stocks with good fundamentals to buy for exploration in case the portfolio proportion is at a reasonable level.

VCBS Securities Company believes that the 185-point decline of VN-Index has triggered a margin call status (margin trading) and widespread sell-off when investors' margin borrowing ratio violated the safety threshold.

With no demand to absorb the situation and no improvement in the tariff situation with the US, investors should calmly wait for the market's equilibrium point and limit participation in disbursing new positions.

Source: https://nld.com.vn/chung-khoan-ngay-mai-9-4-khi-nao-da-giam-diem-cua-chung-khoan-viet-moi-dung-lai-196250408173759227.htm