The VN-Index fell by more than 80 points in April.

On April 3rd, the stock market fell by 87.99 points (-6.68%), to 1,229.84 points. The following day, the VN-Index slowed its decline, dropping 19.17 points (-1.56%), to 1,210.67 points. Notably, by April 9th, the VN-Index had fallen below the 1,100-point mark, reaching 1,094.3 points.

The market fell sharply after US President Donald Trump announced tariffs on several countries, including Vietnam.

The market then recovered and became more balanced towards the end of April, but it was unable to return to the levels seen before the tariff announcement.

In the final trading session of April, the VN-Index edged down slightly. *(Screenshot)*

At the close of the last trading session of April (April 29), the VN-Index stood at 1,226.3 points, down 0.5 points (-0.04%). Compared to the end of March, the VN-Index fell by as much as 80.56 points.

The final trading session of April marked the second consecutive day of decline, although the drop was insignificant. Furthermore, liquidity also decreased sharply. Most investors were very cautious ahead of the long holiday period, limiting trading in the last two sessions of April. Therefore, these two days of decline did not have enough impact to change the previous recovery trend.

According to experts at Vietnam Construction Securities Joint Stock Company, positive news regarding negotiations has begun to emerge, and there are high expectations that the 46% reciprocal tax rate will be reduced by more than half, maintaining a positive signal for market recovery. Therefore, the VN-Index has a high probability of recovering to the resistance level of 1,270-1,300 points – the equilibrium point before the reciprocal tax information is announced.

In April, quite a number of listed companies announced their business results. Currently, more than 600 companies have reported a 17.2% increase in after-tax profit in the first quarter of 2025 compared to the same period last year.

Specifically, the banking sector (+16.1%), securities (-2%), and the non-financial sector (+23.5%). This represents fairly stable growth, and the forecast for the entire market is that after-tax profit growth in Q1 2025 will be at 18%-20%. This will be a positive highlight in May, helping the VN-Index recover to the 1,300-point mark.

"Currently, we continue to maintain our portfolio holding position and await a breakout confirming the positive trend (VN-Index surpassing 1,247 points) to increase our stock holdings," this business expert emphasized.

Experts at Saigon- Hanoi Securities Joint Stock Company (SHS) believe that the new trading system (KRX) will become operational in May, and they expect the market to react more positively to the new trading system.

Meanwhile, Mr. Dinh Quang Hinh, Head of Macroeconomics and Market Strategy at VNDirect Securities Joint Stock Company, expects the VN-Index to retest the 1,240-1,241 point level (the peak of the previous recovery) and, if it surpasses it, will aim for the 1,260-1,270 point range. He also has a positive assessment of the business results of listed companies in the first quarter of this year, a factor that will be an important support for the stock market in the short term.

The official launch of the KRX system on May 5th will bring new expectations to the market, opening up room for the development of new products and aiming towards upgrading the Vietnamese stock market to emerging market status by FTSE and MSCI.

In addition, information related to the US-Vietnam bilateral trade negotiations will also be factors that help improve market sentiment.

"With that expectation, we believe investors can continue to hold stocks in moderate proportions, prioritizing sectors with positive Q1 2025 business results and promising prospects in Q2 such as banking, retail, seafood, electricity, and public investment," this expert recommended.

Source: https://hanoimoi.vn/vn-index-giam-hon-80-diem-trong-thang-4-701166.html