Stock market week: Packed with important events investors need to pay attention to.

Stocks - Image 1.

The VN-Index closed the week at 1,317 points with trading volume down 11.6%. This marks the second consecutive week of declines in both trading volume and index points.

Several pieces of information that stock market investors need to pay attention to this week.

• Mr. Truong Hien Phuong - Director of KIS Securities Vietnam:

- The VN-Index is in a rather precarious position, and a correction below 1,300 is entirely possible. Many factors have been putting pressure on the market recently.

Global investors, including those in Vietnam, are concerned about the Trump administration's tough tax policies. Most recently, Trump imposed a 25% import tariff on all cars not manufactured in the US, ten times higher than the current rate.

When Trump imposes tariffs, other countries will also have ways to retaliate, thereby escalating tensions. Concerns about rising inflation arise as global prices increase in line with the tariffs.

Looking across the gold market, the price of this metal is continuously breaking records, reflecting heightened inflation concerns and the search for safe haven assets among investors.

Not to mention that Vietnam is a country with a large import and export value, making a significant contribution to its GDP, so even if it's not a direct target, it will still have some impact.

Secondly, from a technical perspective, the domestic stock market has been rising for a relatively long period, increasing profit-taking pressure. Meanwhile, investors holding cash are hesitant to chase the rally at this time.

This week, the market is anticipating several important news items, such as the US announcement of retaliatory tariffs targeting a group of 15 countries with high tax rates and large trade surpluses on April 2nd (local time).

Next is FTSE Russell's mid-term review of the Vietnamese stock market. The possibility of Vietnam being upgraded as early as 2025 is considered very promising, especially with regard to FTSE Russell's classification.

This period also sees many shareholder meetings taking place and the release of Q1 2025 business results. It is expected that positive information from these meetings and financial reports will support market trends.

The ability to adjust the depth is not high.

* Mr. Dinh Quang Hinh, Head of Macroeconomics and Market Strategy Department, VNDIRECT Securities:

- This coming week, the market may maintain a cautious sentiment, and the VN-Index could test the important support zone of 1,300 points (+/- 10 points). However, the likelihood of the index falling further than this zone is not high.

The concerns about tariffs have largely been reflected in the recent adjustments. Vietnam has recently taken strong and timely steps to mitigate the risk of harsh tariffs imposed by the US, including signing trade agreements worth up to $90 billion with the US and considering tariff reductions on some imported products such as automobiles, ethanol, LNG, agricultural products, wood and wood products to partially balance trade with key trading partners.

The direct impact of tariffs on the stock market is limited because export-related stocks only account for a small proportion of the stock market indices. Therefore, I believe the risks and impacts of tariffs may be exaggerated.

I maintain the view that if the VN-Index retreats to the support zone around 1,300 points, it will open up opportunities to invest at favorable cost prices for medium- to long-term goals, especially in sectors with positive prospects this year such as banking, securities, residential real estate, electricity, and public investment.

In 2025, the market is converging on several factors that support a positive trend, including attractive valuations, positive prospects for corporate profit growth, significant benefits from the implementation of the KRX system, and market upgrade.

Analyst at KB Securities Vietnam:

- The VN-Index formed a "Spinning" candlestick (also known as a "spinning candle," understood as a single candlestick representing market uncertainty) around the 20-day moving average (the average of the previous 20 sessions), indicating that the trading trend is facing challenges in both directions.

Although some blue-chip stocks provided support for the entire market, the declining liquidity around the support level indicates a rather cautious sentiment among bargain hunters, and the VN-Index is highly likely to weaken afterward.

However, with the upward trend still prevailing, the index is expected to soon regain its recovery momentum with support levels around the lower price range.

Several pieces of information that stock market investors need to pay attention to this week.

The ability to adjust the depth is not high.

Comment (0)