After US President Donald Trump announced a 90-day suspension of reciprocal tariffs on more than 75 countries, including Vietnam, the stock market this morning, April 10, immediately reacted positively with a flood of blue and purple. Investors who were rushing to sell stocks have now changed their direction and are reluctant to sell their stocks.
All stocks in the VN30 group increased sharply in a state of “no selling side”. This is the first time this phenomenon has occurred.
Immediately after the ATO session, VN-Index increased by more than 70 points (+6.62%), reaching 1,166 points. More than 96% of stocks on the HoSE increased in price, with over 260 stocks hitting the ceiling purple. The market leaders were VCB, BID, VIC, VHM and CTG.
In less than 30 minutes of trading, VN30-Index increased by the full range, reaching over 1,249 points, nearly 81 points higher than the reference, equivalent to 6.9%.
By noon, selling pressure weakened. Even pillar stocks began to record a "blank" buying situation. However, liquidity "stalled" at over VND4,800 billion due to the gradual depletion of stock supply. Investors were confident in "holding their stocks".
At the end of the session, the transaction value was recorded at about 4,390 billion VND, equivalent to only more than 27% of the same period on the morning of April 9. The total transaction value on all 3 floors reached about 6,000 billion VND.
Experts explained that the weak liquidity was due to a change in market sentiment. After positive news about the US's reciprocal tax deferral, the group of investors who had previously sold off began to feel more confident and stopped selling in today's session.
At the end of the morning session, VN-Index increased by 73.10 points (equivalent to 6.68%) to 1,167.40 points. The entire HoSE recorded 525 stocks increasing, of which 374 stocks were at the ceiling purple level, only 8 stocks remained unchanged and 4 stocks decreased. In the VN30 group, VN30-Index increased by 80.61 points (equivalent to 6.90%) to 1,249.29 points. All 30 stocks in the VN30 basket were at the ceiling purple level.
On the Hanoi Stock Exchange, the HNX-Index increased by 15.66 points (equivalent to 8.13%) to 208.24 points. The entire floor had 207 stocks increasing, of which 133 stocks hit the ceiling price, 11 stocks remained unchanged and 17 stocks decreased.
The UpCOM-Index also increased by 8.36% to 92.77 points.
Source: https://baolangson.vn/vn-index-tang-hon-73-diem-trang-ben-ban-nha-dau-tu-kho-mua-co-phieu-5043647.html
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