Are domestic stocks strong enough to recover after a record drop?

The domestic stock market on October 22 had a very "nervous" trading session for investors. The strong increase in supply in the early afternoon session pushed the VN30-Index down by about 45 points at times. However, the timely return of the trio of stocks VIC, VHM and VRE at the end of the session with a rebound from the low price range close to the floor to the reference range created a pulling force for many other stocks. At the end of the session, the VN-Index and VN30-Index both increased by about 15 points, reaching the absolute score of 1,678.50 points and 1,930.88 points, respectively.

It can be seen that the success or failure of the stock market in recent times depends largely on the VN30-Index. Because if calculated from the time of tariff fluctuations in April, up to now, the VN30-Index has increased by about 69%. That is, it has surpassed the increase of the main index VN-Index in the same period by about 55%. After the recent record correction sessions, will the VN30-Index have enough strength to continue to lead the market in the coming time?

Vietnam is aiming for double-digit economic growth in the next five years. According to experts, with confidence in the internal strength of the market, despite foreign investors continuously selling off over the past 10 months, the expectation that the VN30 index will recover strongly in the coming time is well-founded.

Mr. Nguyen Trong Dinh Tam - Deputy Director of Analysis, Asean Securities said: "The market perspective remains positive based on a favorable macro context. Growth and business results continue to improve at listed companies. Along with that, there are new stories such as the IPO wave or new economic sectors such as AI or digital assets".

After successfully upgrading the stock market, the market regulator is also actively launching many new products to promote both the underlying and derivatives markets.

Mr. Tran Duc Anh - Director of Micro and Strategy, KBSV Securities Company shared: "We see the increasing attractiveness of futures contracts on the VN30 index. In that context, when we launched the product as a futures contract based on the VN100 index, the increase in VN30 contracts contributed to the success of offering futures contracts for VN100 because these two products have similarities with each other almost 1-1".

It is estimated that after the upgrade, the Vietnamese stock market will attract capital flows of about 5-7 billion USD from foreign investors within the next few years. Not only developing new products, the market management agency also committed to creating favorable conditions for foreign investors by investing through global securities companies.

Source: https://vtv.vn/chung-khoan-trong-nuoc-co-du-suc-phuc-hoi-sau-cu-giam-diem-ky-luc-100251022225523275.htm