President Trump postpones reciprocal tax: Vietnamese stocks "purple", what happens next?

After US President Donald Trump announced a 90-day delay in applying reciprocal tariffs, including on Vietnam, the stock market has improved.

At the end of the session on April 10, VN-Index increased by 74 points (the highest increase in 24 years), to 1,168 points and HNX-Index increased by 15 points to 208 points, ending the 4 consecutive sessions of decline.

In today's session, the banking group with VCB, BID, CTG, TCB, VPB, MBB contributed nearly 20 points to the VN-Index.

Real estate stocks increased sharply, almost all codes were 'purple', in which two codes VIC and VHM alone contributed 7 points to the market. Similarly, the steel group also increased sharply, notably HPG, NKG, HSG...

Foreign investors net bought 855 billion VND in the session of April 10. The codes that were sold heavily included KBC (154 billion VND), TLG 125 (billion VND), CTG (91 billion VND)... On the contrary, the codes that were bought a lot included ACB (133 billion VND), VIC (21 billion VND), TCB (18 billion VND), MBB (17 billion VND),...

Pinetree Securities Joint Stock Company's Analysis Department said that President Donald Trump's surprise announcement of a 90-day tax deferral with 75 trading partners, including Vietnam, was a strong boost to loosen investor sentiment at a hot time like the present.

The recent drop of more than 200 points is similar to the drop in March 2020 (COVID-19). However, unlike previous times, the cause of this drop is the tariff factor, which is decided by humans and has the right to be proactive, not passive and unavoidable like previous times.

Tổng thống Trump hoãn thuế đối ứng: Chứng khoán Việt — VN-Index increased by 74 points

Therefore, just one decision to postpone and change can help the market reverse immediately. Starting the ATO session this morning, almost all stocks reached the ceiling price and the opportunity for investors to buy after the end of the first 15 minutes of the session was almost non-existent because the stocks were all empty on the sell side.

One impetus for this strong reversal comes from investors who cut their losses and held onto money in previous sessions, forcing them to race to the ceiling to return to the market.

According to Pinetree Analysis, stocks in the market are almost all oversold, so this recovery is expected to last at least 2-3 sessions. Investor sentiment has almost completely cleared up and is in a state of fear of missing out on the market.

For investors who have a high cash ratio and investors who have stocks do not want to sell immediately because they expect the market to continue to recover.

The market is expected to recover as quickly as it went down. However, the short-term resistance zone of the market will be in the 1,250-1,270 point range. In the next sessions, cash flow will focus on the market's main pillars rather than midcap stocks.

"Although tariffs have been extended for negotiations, risks remain. Therefore, investors should focus on sectors less affected by exports such as banking, consumption, public investment, and securities," Pinetree Analysis Department recommended.

VCBS Securities Company said that with the current state of the market, if investors have disbursed early and have a proportion of stocks in their portfolio, they can continue to monitor the market's strength in the coming sessions.

As for investors holding 100% cash, they can wait for the strength differentiation between stock groups in the coming sessions to choose to open a position for disbursement later.

According to Saigon Hanoi Securities Joint Stock Company (SHS), investor confidence is returning to the market after the tariff shock, sell-off pressure, and short-term mortgage liquidation with a session of price increase at the limit for most codes.

SHS believes that many stocks are still relatively cheap compared to the internal factors of the business. However, investors still need to maintain a reasonable proportion and manage risks in the current new context for cases with high proportions and remaining margin debt.