Vietnam Stock Market Morning April 10: Full of Purple After US Delay in Tariffs

The VN-Index increased strongly by more than 73 points, recovering nearly half of the decline of the previous four sessions, while pillar stocks simultaneously hit the ceiling, creating a brilliant trading picture of green and purple.

Right from the ATO session (periodic opening order matching), the market recorded an amazing rebound when VN-Index increased nearly 73 points after only 15 minutes, reaching 1,166 points.

More than 96% of stocks on the HoSE were in the green, with over 260 stocks hitting their ceiling prices. Notably, the VN30 basket - representing the 30 stocks with the largest market capitalization - increased dramatically, pushing the index up nearly 80 points.

Although liquidity only reached more than 2,200 billion VND, demand pressure completely overwhelmed supply, causing the electronic board to fall into a state of "empty sellers".

In fact, many investors shared that they had placed buy orders from the beginning of the session but could not match them, especially with codes in the VN30 group - proving the unprecedented heat of the market.

Investors had difficulty matching orders in the morning trading session on April 10.

Key sectors such as banking, real estate and securities led the increase, with prominent names such as KBC, SHB, DIG, SSI and CTG recording transaction values ​​exceeding hundreds of billions of VND.

Mr. Nguyen Duc Khang, Head of Securities Analysis Department, Pinetree Securities Company commented: “After four consecutive floor-falling sessions with a total loss of more than 200 points - equivalent to 18% of the VN-Index value, investors are very pessimistic. President Trump's decision to postpone taxes for 90 days not only brings time for negotiations, but also is a big "push" to release psychological pressure. This morning, most stocks hit the ceiling, buying opportunities are almost gone as the sellers have completely disappeared."

Mr. Khang predicts that this recovery period may last 2-3 sessions, with cash flow focusing on pillar stocks and businesses with solid fundamentals, especially in industries less affected by exports such as banking, consumption and public investment.

Mr. Nguyen Minh Hoang said there are still risks ahead because this is only a temporary tax policy of the United States.

Sharing the same view, speaking with Nhan Dan Newspaper reporter, Mr. Nguyen Minh Hoang, Analysis Director, Nhat Viet Securities Company emphasized: "The excitement of investors this morning reflects overwhelming demand, but investors are still cautious because the US tax policy can change unexpectedly. However, in the short term, this upward momentum will continue, possibly even in this afternoon session."

At the end of the morning session on April 10, the VN-Index increased by 73.1 points, with liquidity reaching 279 million shares, worth more than VND4,900 billion; the HNX-Index increased by 15.66 points, with liquidity reaching more than 46 million shares, worth VND538 billion; the VN30-Index increased by 80.61 points, with liquidity reaching 52.67 million shares, worth nearly VND1,400 billion.

Source: https://nhandan.vn/chung-khoan-viet-nam-sang-104-tran-ngap-sac-tim-sau-viec-hoan-ap-thue-tu-hoa-ky-post871380.html