Stocks next week: Shareholder meeting season, stocks back on "track"?

The stock market continued to experience a week of correction when the VN-Index closed at 1,317.46 points, down 0.33% compared to the previous week. The VN-Index had its third week of stagnation after a series of consecutive increases, with liquidity decreasing.

Market breadth continued to diverge, except for real estate stocks which performed positively under the influence of Vingroup stocks (VIC, VHM, VRE) and insurance stocks. Most sectors fell, from seafood to technology - telecommunications, oil and gas, construction... Foreign investors continued their strong net selling trend on HOSE with a value of VND 2,107 billion last week.

Why did the General Director of VinaCapital Group propose not to use the phrase "playing stocks"? READ NOW

According to Pinetree Securities, last week was still a difficult week for trading after a period of strong growth since the beginning of the year. Investor sentiment was somewhat more cautious as the VN-Index could not conquer the 1,340-point zone. Investors tended to stay on the sidelines to protect the achievements made since the beginning of the year.

Regarding the trend next week (from March 31 to April 4), Pinetree Securities experts believe that the focus of markets, including Vietnam, will be on the reciprocal tax policy on trade partners of the US President Donald Trump administration on April 2. The scenario is that the VN-Index will move sideways within the range of 1,315 - 1,326 points while waiting for the market to send out new signals.

Chứng khoán tuần tới: Mùa đại hội cổ đông, cổ phiếu trở lại — The stock market continued to differentiate between stock groups last week.

"Estimated figures for Q1/2025 business results are gradually being revealed. April is the season for shareholders' meetings when businesses announce their business plans... which will be a new driving force for stock prices. In a more negative scenario, a shakeout may occur before the market recovers, the VN-Index may fall further to 1,302 points but the possibility of breaking through this threshold is difficult" - Pinetree Securities experts analyzed.

Mr. Dinh Quang Hinh, Head of Macro and Market Strategy, VNDIRECT Securities Company, said that the adjustment of VN-Index opens up a good opportunity to disburse stocks for medium and long-term goals. Next week, the market may maintain a cautious sentiment, VN-Index may test the support zone of 1,300 points (+/-10 points). The possibility of the index falling deeper than this zone is not high because concerns about tariffs have been largely reflected in the recent adjustment.

Experts from SHS Securities Company also forecast that VN-Index is ending a period of strong price increase that has lasted for the past 8 weeks and is constantly under pressure to correct and retest support zones. The short-term trend is moving into a correction and accumulation phase with the nearest support zone at 1,315 points and a stronger support at 1,300 points.

"If the market retreats to the support zone around 1,300 points, it will open up opportunities for disbursement at good capital prices for medium and long-term goals, especially in industries with positive prospects this year such as banking, securities, residential real estate, electricity, and public investment," said Mr. Dinh Quang Hinh.