Stocks next week (April 14-18): Opportunities after US tariff shock

The Vietnamese stock market closed the last trading session of the week (April 11) with continued growth in a series of stock groups and sectors. VN-Index stopped at 1,222.5 points, up 11.8 points; HNX Index closed at 213.34 points, down 3.63 points compared to the close at the end of last week.

Many investors were "overjoyed" when in just 2 sessions, many stocks stopped falling and recovered from 13%-15% compared to before. If calculated from the bottom of VN-Index at 1,073 points, VN-Index has recovered a total of about 150 points.

Mr. Dinh Quang Hinh, Head of Macro and Market Strategy, VNDIRECT Securities Company, analyzed that the Vietnamese stock market reversed when the US announced a 90-day postponement of reciprocal tariffs on more than 75 countries. The US's suspension of tariffs with immediate effect opens up negotiation opportunities for countries, including Vietnam. The Vietnamese stock market also traded positively.

Pinetree Securities Company's analysis department commented that the Vietnamese stock market has just experienced a volatile trading week. Margin call pressure (a margin call from a securities company to an investor's account) has been largely relieved, helping investors holding stocks in the 1,200 - 1,300 point price range to temporarily breathe easier as losses have narrowed significantly. However, next week the market is forecast to continue to face risks from US-China trade tensions.

"The tug-of-war between the ceiling and floor sessions last week shows the current instability. Technically, the possibility of the market forming a V-shaped bottom is quite low; the double-bottom pattern usually has a higher probability. Investors should prioritize keeping a defensive mentality instead of being overly optimistic" - Pinetree Securities Analysis Department stated its opinion.

VN-Index fluctuated violently last week, with a fall from 1,360 points to 1,073 points.

According to Mr. Dinh Quang Hinh, the market may continue to seek equilibrium after a period of rapid and strong fluctuations. Some factors supporting the market include cheap valuation when the P/E of VN-Index is below 12 times. Expected business results in the first quarter of 2025 of listed enterprises will grow positively; information on the progress of KRX implementation; positive credit growth...

"Investors should not be hasty and need to maintain a cautious mentality. The 1,240 to 1,260 point zone could be a resistance zone for this recovery. Investors should gradually shift to sectors that are less affected by the trade war and benefit from the Government 's fiscal and monetary stimulus policies such as banking, housing real estate, retail, electricity and public investment," said Mr. Hinh.

SHS Securities Company believes that the period of sharp decline in VN-Index before the tariff shock has opened up many good opportunities for value investment positions. Confidence is returning to the market after the tariff shock and selling pressure. Many stocks are relatively cheap compared to the intrinsic factors of the business. Investors maintain a reasonable proportion, investment targets are aimed at stocks with good fundamentals, leading the industry.

Source: https://nld.com.vn/chung-khoan-tuan-toi-14-den-18-4-co-hoi-sau-cu-soc-thue-quan-my-196250412220629119.htm