Stocks tomorrow, April 23: Downtrend will slow down

On April 22, VN-Index closed at 1,197.13 points, down 9.94 points from the previous session. Many investors said they did not dare to open the board until the market closed.

VN-Index fluctuated dramatically at the last minute, when at one point in the session it plummeted more than 70 points, close to the 1,100 point mark, then "turned around" and increased strongly again. A series of stocks in the securities, banking, steel sectors... from near-floor price levels recovered strongly, reaching the reference price or closing in the green.

Ms. Nhat Mai (an investor in Ho Chi Minh City) said that at the beginning of the afternoon session, she looked at the board and felt "dizzy" because a series of stocks in her portfolio from banking, real estate, securities to public investment all plummeted, some stocks appeared at the floor price.

"However, by the end of the session, all stocks recovered strongly, only down 1-2% compared to the time of the plunge" - Ms. Mai breathed a sigh of relief.

A series of stocks escaped the floor price drop in today's session

Vietnam Construction Securities Company (CSI) said that VN-Index had a very volatile session, at times breaking through the expected support level of 1,170 - 1,180 points.

However, when VN-Index returned to around 1,140 points, a very strong bottom-fishing demand appeared, absorbing almost all the panic selling supply. Liquidity today also exploded strongly with matched volume exceeding (+62.9%) compared to the 20-session average.

Commenting on tomorrow's trading session (April 23), CSI experts believe that the downtrend will slow down and return to an uptrend. It is expected that VN-Index will return to an uptrend and head towards the resistance level of 11,270 - 1,300 points in the near future. Investors can boldly open new buying positions as well as increase the proportion of stocks.

VN-Index retreated close to the 1,130 point mark before "turning around" to recover at the end of the session.

Experts from SHS Securities Company likened today's session to a "super emotional roller coaster" when the market recovered strongly from a state of panic selling. Commenting on tomorrow's session, SHS Securities believes that the market is trying to recover, creating a balance zone around the price of 1,200 points. This is a strong psychological support zone around 1,170 points, corresponding to the price of the session that recovered well after the US temporarily postponed the imposition of reciprocal tariffs (April 9).

"The market is still unpredictable, the level of short-term risks is higher than opportunities. Investors still prioritize risk management in the current new context for high-weight cases, not having time to restructure the portfolio when the market drops sharply" - SHS securities experts predict.

Source: https://nld.com.vn/chung-khoan-ngay-mai-23-4-xu-huong-giam-gia-se-chung-lai-196250422175917986.htm