Prioritize risk management.

Investment analysis

Beta Securities : From a technical perspective, while the short-term uptrend remains valid, short-term risks are increasing. The short-term outlook is becoming less optimistic. Currently, the 1,250 - 1,260 point range is acting as support for the VN-Index.

Most technical indicators are showing negative signals, suggesting a trend reversal and continued selling pressure in the short term. In the following trading sessions, the market may experience fluctuations/corrections as selling pressure shows no sign of abating.

Investors should carefully monitor exchange rate movements and foreign trading activity, limit leverage, and balance their portfolios towards safety to minimize risk.

Vietcombank Securities (VCBS) : The market has experienced its fourth consecutive correction session since last week and returned to the support zone around 1,250 points. Overall, the market has gone through a four-month uptrend, so the consolidation phase may last for 3-4 weeks.

Therefore, VCBS recommends that investors prioritize risk management at the present time, potentially taking advantage of any recovery rallies to restructure their portfolios by selling off stocks that cannot maintain an upward trend during this period and avoiding early bottom-fishing.

Conversely, investors may also consider investing in stocks that are showing signs of entering an uptrend from long-term consolidation zones, paying attention to the oil and gas, public investment, and real estate sectors.

Saigon - Hanoi Securities (SHS): The market corrected for the fourth consecutive session, but the movement remains within a forming accumulation zone as the VN-Index has not yet lost the support level around 1,250 points.

From a short-term perspective, the market is moving positively during the accumulation phase and experiencing corrective shakeout sessions as it approaches the strong resistance level of 1,300 points.

Given the current situation, if the VN-Index holds the 1,250-point support level, the consolidation scenario within the 1,250-1,300 point range will continue, and there is still a possibility of subsequently reaching and surpassing 1,300 points. However, if the 1,250-point level is lost in the coming sessions, short-term risks for the VN-Index will increase, potentially leading to a decline with support around 1,250 points.

Stock market news brief

- Footwear exports flourished in the first quarter of 2024. According to data from the General Statistics Office, exports of all types of footwear recovered strongly in March, earning $1.7 billion, an increase of over $600 million compared to the previous month. This performance brings the total footwear export value in the first quarter to $4.85 billion, an increase of 11.7% compared to the same period last year.

- In the first three months of the year, exports of wood and wood products generated $3.4 billion. Preliminary statistics from the General Department of Customs show that the value of wood and wood product exports in March 2024 is estimated at $1.12 billion, an increase of 46.3% compared to February 2024, but a decrease of 1.9% compared to March 2023. Overall, in the first three months of 2024, wood and wood product exports are estimated at $3.4 billion, an increase of 18.9% compared to the same period in 2023. Of this, the value of wood product exports is estimated at $2.3 billion, an increase of 22.9% compared to the same period in 2023 .

Source