Vietnamese stocks lost nearly 40 billion USD, what do experts say?

(NLDO)- Vingroup stocks (VIC, VRE, VHM) have recovered and have had an impact supporting the market.

Opening the morning session on April 9, VN-Index "evaporated" nearly 60 points, but at 10 o'clock, there was a correction and surpassed the 1,110 point mark.

Contrary to investors' expectations when predicting that the market's decline had stopped, by the end of the afternoon session, selling pressure was overwhelming, VN-Index continued to decrease by 38 points, closing at 1094 points.

This is the fourth consecutive session of decline, causing the stock market capitalization to "evaporate" more than VND930,000 billion (equivalent to nearly USD36 billion) since US President Donald Trump announced the imposition of tariffs on countries around the world , including Vietnam.

The VN30 basket of large-cap stocks also fell 28 points, closing at 1,168 points. In the group, 7 stocks increased in price such as SAB (+3.5%), VIC (+3.4%), VHM (+3.2%), VRE (+2.9%), SSB (+1.6%). On the contrary, 23 stocks decreased in price such as HPG (-7%), GVR (-7%), GAS (-7%), PLX (-6.9%)...

Despite the support efforts, the market decline is still quite large, so most stock groups are still in the red. In particular, food, securities, retail, etc. groups have decreased sharply and negatively impacted the market.

Meanwhile, Vingroup stocks (VIC, VRE, VHM) recovered and had an impact supporting the market.

On the HOSE floor, foreign investors returned to net buying with a value of 253 billion VND, of which they bought a lot of shares of MWG (+396.7 billion VND), FPT (+246.8 billion VND), TCB (+145.2 billion VND), GEX (+89.4 billion VND)...

On the contrary, they strongly sold VCB (-260.7 billion VND), MBB (-238.7 billion VND), MSN (-134.2 billion VND)...

Mr. Nguyen Khac Vuong, Head of Investment Consulting Department - VPS Securities Company, said that one of the main reasons why the market continued to decline sharply came from the pressure of margin calls (margin trading) and securities companies selling off mortgaged stocks.

He predicted that if Vietnam successfully negotiates a lower tax rate of 20-25% with the US, foreign capital will gradually return to Vietnam, pulling the stock market back up. Stocks in the industrial park group will benefit first.

According to Mr. Vuong, at this time, investors with cash available can buy stocks of good quality enterprises such as banking groups for investment. This is an opportunity. However, for individuals who have full margin, they need to observe carefully to avoid risks.

"The bright spot of the stock market is the return of foreign net buying after a series of net selling. At the 1,030 - 1,050 point range, the VN-Index will be in a balanced state after the pressure of selling to liquidate the market has decreased. However, if unfavorable information appears, it is very likely that the VN-Index will break the 1,000 point mark, approaching 900 points," Mr. Vuong predicted.

Foreign investors return to net buying

Vingroup stocks increased quite strongly in today's session.

According to Mr. Nguyen The Minh, Director of Analysis, Individual Client Division, Yuanta Vietnam Securities Company, the market has not been able to recover due to investors' fear of Mr. Trump's imposition of tariffs on Vietnam. In addition, there is margin pressure, foreclosure and limits on margin lending activities of securities companies.

"If the new US tariff rate imposed on Vietnam changes, decreasing to an average of 18%, this scenario will be a reversal point, helping the VN-Index to have a very good rebound, offsetting the previous declines.

At this time, for investors without margin pressure, it is advisable to maintain the ratio and not necessarily sell because it is too late. If there is a high margin, it is necessary to reduce this ratio to avoid being sold off and reduce the portfolio ratio, waiting for the market to start to increase, then it can be increased again to ensure safety" - Mr. Minh said.

Dragon Viet Securities Company predicts that the market will retest the support zone of 1,080 points before creating a better recovery in the near future.

This unit recommends that investors should still keep the portfolio proportion at a reasonable level and avoid using financial leverage. However, investors can actively seek short-term opportunities in stocks with good fundamentals at deep discounts in case the cash proportion is at a good level.

Source: https://nld.com.vn/chung-khoan-viet-mat-gan-40-ti-usd-chuyen-gia-noi-gi-196250409192722021.htm