The trading session on April 17 showed that the VN-Index continued to move within a narrow range, fluctuating mainly between 1,200 and 1,220 points, before closing at 1,217.25 points, up nearly 7 points. However, liquidity remained low and foreign investors continued to net sell strongly on HOSE with a value of more than VND 4,600 billion, reflecting clear caution from investors.
Securities companies generally believe that the accumulation and fluctuations will continue. According to AIS Securities and KBSV, although the VN-Index recovered at the end of the derivatives expiration session, the cash flow is still exploratory in nature, and the market breadth is not strong enough to establish a clear uptrend. According to ACBS, bottom-fishing buying pressure around the 1,200-point mark is showing positive signs, but low liquidity shows that the on-the-outside mentality still prevails.
VCBS Securities and Yuanta Vietnam both expect the recovery to continue in the short term. With the emergence of supporting factors such as the shareholder meeting season and the announcement of first-quarter business results, speculative cash flow may become active again, especially in stocks that have completed the correction. YSVN believes that the immediate resistance zone of the VN-Index is 1,246 points, while SSI assesses that the 1,230-1,250 point area needs further confirmation in terms of liquidity and the leading role of the banking group.
From a strategic perspective, investors are advised to hold stocks at a high proportion, but need to be flexible in their portfolio structure, prioritizing stocks with attractive valuations, good business results or high dividends. Cautious investors should continue to observe, especially information related to global tax and trade policies.
For the derivatives market, the fluctuations within the range and technical rebounds show that the short-term trend of VN30F2505 is still increasing, but transactions should stick to the "trading within the range" strategy. The 1,300-1,305 point area is considered a potential buying point for short-term long positions, while 1,310-1,315 is an area where shorting can be considered when the market has not yet had strong momentum.
In summary, the stock market on April 18 continued to lean towards accumulation, high differentiation and needed more confirmation signals from cash flow as well as pillar stocks to establish a clearer trend in the coming time.
Source: https://baonghean.vn/nhan-dinh-thi-truong-chung-khoan-18-4-tich-luy-giang-co-vn-index-xanh-quanh-moc-1-220-10295353.html
Comment (0)