Purple covers nearly 670 stock codes, VN-Index increases to record level

Contrary to the pessimistic sentiment of the last four trading sessions, investors received positive news early this morning after President Trump made a new announcement to increase tariffs on Chinese imports to 125%, while postponing tariffs on other countries for 90 days and reducing tariffs to 10%. The decision takes effect "immediately". The announcement was posted on the social networking platform Truth Social. A few hours earlier, at 9:37 a.m. US time, President Trump also posted on Truth Social, stating "This is a great time to buy!!!".

Positive sentiment is spreading across global stock markets. Vietnam’s stock market, which was one of the most negative markets in the past week, also rebounded strongly in today’s session. The 90-day tax deferral immediately erased the pessimism of domestic stock investors.

Right from the opening of the trading session on April 10, a flood of buy orders were pushed into the market while sell orders were very few. This helped a series of stock groups hit the ceiling and fall into a state of "no sell side". This is in complete contrast to the "no buy side" situation that caused many stocks to hit the floor yesterday.

The number of stocks hitting the ceiling is overwhelming.

The market's performance did not change much afterwards, the indexes' graphs were almost flat from opening to closing. At the close of trading on April 10, the VN-Index increased by 74.04 points, equivalent to 6.77% compared to the previous session, to 1,168.34 points. The HNX-Index also increased by 15.74 points (8.17%) to 208.32 points. The UPCoM-Index increased by 8.43 points (9.99%) to 92.84 points.

Transactions were also mainly concentrated in the first trading hour of the morning session. The fact that many stocks were simultaneously raised to the ceiling price and limited selling pressure caused market liquidity to drop significantly today. The total trading volume on HoSE reached only 370 million shares, equivalent to a trading value of VND6,306 billion, down 81% compared to the previous session, of which, order-matching transactions accounted for VND4,660 billion, down 85%. The trading value on HNX and UPCoM reached VND775 billion and VND966 billion, respectively.

Foreign investors net sold 1,000 billion VND in the whole market, in which, this capital flow net sold the most KBC code with 154 billion VND. TLG and CTG were net sold 125 billion VND and 91 billion VND respectively. In the opposite direction, ACB was net bought the most with 133 billion VND.

Foreign investors continued to net sell during the market's recovery session.

The entire market recorded 667 stocks hitting the ceiling and 317 stocks increasing in price, while only 62 stocks fell and 13 stocks hit the floor. A very rare thing in the Vietnamese stock market that appeared in today's session was that all 30 stocks in the VN30 group hit the ceiling and there were "no sellers".

In the VN30 group today, only SSB and SAB were the stocks that fluctuated a bit, but then still closed with a ceiling price increase. There is not much to say about this group when almost all stocks were "immobile" and anchored at the ceiling price from the beginning to the end of the session.

The stocks that had the most positive impact on the VN-Index included VCB (7.15 points), BID (3.76 points), VIC (3.55 points), VHM (3.22 points)...

Other industry groups also recorded most stocks submerged in purple.

Midcap stocks with large floor-price sell orders yesterday also reversed the situation and increased to the maximum limit in today's session. DIG is a typical example when it increased by 6.69% to VND15,950/share and had a ceiling-price buy order of 14.3 million units. Although the stock had a strong breakout session, the sell order to liquidate shares of the Construction Development Investment Joint Stock Corporation (DIG) insiders continued to be executed.

KB Securities Vietnam (KBSV) announced that it plans to liquidate more than 16.3 million DIG shares owned by Chairman Nguyen Hung Cuong and more than 1.6 million DIG shares owned by Mr. Cuong's mother, Le Thi Ha Thanh. The expected trading time is from April 10. This is the third consecutive session that KBSV has announced the liquidation of shares owned by Mr. Nguyen Hung Cuong's family. In addition, in the previous two sessions, Vietcap Securities and MBS Securities also made similar moves with the shares owned by these individuals.

According to Mr. Ho Huu Tuan Hieu, investment strategy expert at SSI Research, President Trump's decision to postpone taxes for 90 days is a story that relieves a lot of pressure on the market, but there is still a lot of unpredictable information ahead. The story of tension in the response between the US and China, not only the two largest economies in the world, but also countries with trade relations with Vietnam is something to be concerned about.

In addition, according to Mr. Hieu, during the 90-day tax deferral period, import-export activities will warm up. This is often seen after the US changes its trade policy, causing US retailers to increase their inventory. The forecast for the second quarter's business results is not much affected and will contribute to the overall picture of business activities for the whole year.

Source: https://baodautu.vn/sac-tim-bao-phu-tren-gan-670-ma-co-phieu-vn-index-tang-ky-luc-d265630.html