VN-Index rose by more than 54 points.

Strong capital inflows into large-cap stocks such as Vingroup, Hoa Phat, and The Gioi Dien Dong helped the VN-Index surge to 1,222 points, with trading volume six times higher than yesterday's session.

A series of stocks surged to their maximum allowed limit during the opening auction. Photo: Tat Dat

Following yesterday's strong recovery, Vietnamese stocks entered the final trading day of the week in an optimistic mood, despite the less-than-favorable developments in the US and Asian markets.

The VN-Index rose by more than 65 points right after opening, then gradually narrowed to around 20 points due to strong divergence in capital flows across sectors.

In the final minutes, foreign investors aggressively disbursed funds, widening the gains again. The index closed at 1,222 points, up 54 points. The VN-Index has recovered 13.8% from its lowest point during the sharp correction caused by the news of Trump's retaliatory tariffs.

On the Ho Chi Minh City Stock Exchange, 332 stocks rose, nearly double the number of stocks that fell. The influx of capital into large-cap stocks and leading companies, which had just been offered at a significant discount, helped the VN30 index gain over 60 points. 28 out of 30 stocks in this group closed above their reference price, with GAS, MWG, STB, VIC, and HPG all reaching their maximum allowed increase and showing no selling pressure.

Conversely, large-cap stocks such as SSB and BCM declined, losing 3.1% and 1.6% respectively compared to the reference price. Stocks in sectors predicted to be directly impacted by tariffs, such as industrial real estate and seafood, bucked the market trend, generally falling by 2-4%. However, strong selling pressure in this group was no longer significant, allowing many stocks like KBC, LHG, SZC, and PHR to avoid hitting the floor price.

Stock performance of industrial real estate companies at 2:05 PM, April 11th. (Screenshot)

Nguyen Duc Nguyen, an investment analyst at FinSuccess, believes that the positive impact will continue to spread across the market, supporting the recovery process after the sharpest declines in history. However, this recovery will be clearly differentiated among stocks, depending on the level of risk each industry faces from US tariffs.

After a session where there were buyers but no sellers, causing liquidity to plummet, the supply-demand balance has stabilized. The Ho Chi Minh City Stock Exchange recorded 1.73 billion shares successfully traded, equivalent to a transaction value of over 38,160 billion VND, far exceeding yesterday's 6,300 billion VND. The VN30 basket contributed nearly 22,000 billion VND of this amount.

The market saw eight stocks reach trillion-VND trading volume: FPT, HPG, MBB, STB, SSI, TCB,SHB , and VPB. A common feature is that these stocks all increased by over 2%, maintaining positive gains throughout the session, with some even hitting their upper limit at times.

Foreign investors made net purchases of over 970 billion VND. This group disbursed over 5,500 billion VND, while only selling approximately 4,500 billion VND. This was the strongest buying session by foreign investors in about six months.

According to Mr. Dao Minh Chau, Deputy Director of Stock Analysis at SSI Research, after a week of strong fluctuations, the valuation of the Vietnamese market has returned to a fairly attractive level with a P/E ratio more than 30% lower than the 10-year average. The pressure from forced selling has also been eliminated.

The US announcement of retaliatory tariffs is a "black swan" event, similar to the South China Sea incident in 2014, the Covid-19 pandemic in early 2020, or the wave of global interest rate hikes in late 2022. Such events are rare and therefore carry an element of uncertainty, but they also present attractive investment opportunities as most stocks have recorded significant discounts in recent trading sessions.

However, he noted that investors should be aware that even though the US has postponed the application of retaliatory tariffs, the stock market still faces many unpredictable factors, especially as US-China trade tensions remain, and may even escalate further.

"Investors still need to closely monitor international developments and manage risks, avoiding chasing prices at all costs," Mr. Chau advised.

VN (according to VnExpress)

Source: https://baohaiduong.vn/vn-index-tang-hon-54-diem-409197.html