Small and medium-sized stocks recovered, pushing the VN-Index up by nearly 14 points.

On April 23rd, the stock market opened with the VN-Index rising by 18 points following Trump's announcement that he would lower tariffs on China, thereby easing tensions in the trade war. Export-related sectors saw impressive recovery with strong gains in BCM, GVR, MSH, and ANV.

VN-Index rose nearly 14 points in the trading session.

Along with that, most sectors including real estate, steel, chemicals, technology, and food also recorded sharp increases. Although the index cooled down at times, only rising by 5 points in the middle of the morning session, bargain-hunting capital flowed into the market, pushing the index back to a balanced level above 1,205 points, corresponding to an increase of 8-16 points in the remaining time. At the close of the session, the VN-Index closed up 13.87 points, with 70% of stocks closing in the green. Among them, 19 stocks reached their maximum allowed increase.

Regarding the underlying market, experts noted that major Asian markets mostly surged following news that Donald Trump would lower tariffs on Chinese goods. Domestically, the VN-Index also recovered in line with the region, with strong gains in most midcap stocks and VRE reaching its maximum allowed increase.

Technically, the VN-Index rose, but liquidity and volume decreased sharply compared to yesterday's session, indicating that this recovery carries short-term risks as active buying is not truly positive. The index may face strong selling pressure when approaching the resistance level of the MA20.

From its perspective, VCBS stated that strong buying pressure from the beginning of the session helped the VN-Index open with a gain of over 18 points, with widespread gains. However, the upward momentum gradually slowed down and fluctuated around the 1,210 point mark for the remainder of the session. With 369 stocks in the green, it can be seen that most stocks recorded a recovery after the sharp fluctuations of yesterday afternoon, notably with some stocks hitting the ceiling price such as VTP and DXG. In addition, the livestock, retail, real estate, and public investment sectors all showed good signs of attracting buying pressure.

The VN-Index fluctuated upwards in an attempt to recover from its early morning gains. Although the upward momentum of stocks remained strong and the number of gainers increased compared to the morning session (416 stocks), the lower-than-average trading volume over the past 20 sessions indicated that cautious sentiment persisted. Foreign investors eased their net selling in the afternoon session, with a total net value of 92.40 billion VND, mainly sellingFPT and MBB. At the close of trading, the VN-Index settled at 1,211 points, up 13.87 points, or 1.16%.

Technical analysis by VCBS suggests that the VN-Index closing above 1,200 points indicates the market's effort to maintain a crucial support zone. On the daily chart, the MACD and RSI indicators trending upwards reinforce the VN-Index's recovery during the session. Furthermore, the CMF money flow indicator crossing above 0 suggests a high probability that the index will soon advance towards the MA20 line, which is also the resistance area of ​​1,230 points. However, the -DI and ADX lines remain above 25, indicating the possibility of short-term volatility and consolidation.

On the hourly chart, the general index moved closely along the MA20 line during the session, indicating the market's attempt at equilibrium. The MACD indicator is trending upwards, but the RSI indicator is almost flat. Furthermore, both the +/-DI lines are anchored above 25, suggesting a high probability that the VN-Index will experience alternating periods of gains and losses during the recovery phase, moving towards the 1230 resistance zone.

Source: https://thoibaonganhang.vn/co-phieu-vua-va-nho-hoi-phuc-vn-index-tang-them-gan-14-diem-163243.html