According to VFS, the recovery momentum will be strengthened if the nearest resistance zone of VN-Index is 1,240 - 1,250 points.

According to experts from VFS, VN-Index ended April down 80.56 points (-6.16%). The market recorded a month of strong fluctuations, in line with world indices, such as the Dow Jones and S&P500, revolving around global economic events. The US announcement of imposing high reciprocal tariffs on Vietnamese goods has accelerated panic selling, causing the market to continuously record sessions of decline with large liquidity and fall deep to the 1,070 point area. However, positive news such as signs of US-China tensions cooling down and Vietnam starting tariff negotiations with the US along with the official operation of the KRX system has made investors more optimistic. From there, the index appeared to recover and accumulate around the 1,200 - 1,240 point area.

Accordingly, the average trading value per session in April reached VND21.8 trillion (+20.4%) compared to the previous month. High liquidity in volatile market sessions shows that although the selling side is dominant, the supply is still absorbed when cash flows seek disbursement opportunities at low prices.

The market decline caused red to cover all sectors. In particular, the strongest decline belonged to groups directly affected by tariff policies such as industrial parks and exports, notably KBC, BCM, SZC, VHC, MSH ... down over 20%. However, these sectors are recovering quite positively in recent sessions. On the contrary, 3 Vin stocks, VIC, VHM and VRE, increased over 14%, which is an important driving force to maintain the market's recovery momentum.

The nearest resistance zone of VN-Index is 1,240 - 1,250 points. If successfully conquered, the recovery will be consolidated and directed to a higher score zone of 1,270 points. Although the market is still in a sensitive phase with information, the strong decline in the past month shows that tariff risks are being reflected in prices.

It is forecasted that the market will maintain positive developments in May. However, cash flow will be differentiated according to information released about Q1 business results and the shareholder meeting season. Based on the above developments, experts from VFS propose two scenarios for the market:

Scenario 1 (60%): VN-Index successfully conquers the 1,240-1,250 point zone and moves up to the 1,270 point zone. Investors wait for a signal confirming the continuation of the trend to disburse in stocks that have not fallen sharply and have recovered quickly in the securities, retail, banking, and public investment groups.

Scenario 2 (40%): The market continues to move sideways around the 1,200 - 1,240 point range. Investors maintain a reasonable proportion, temporarily refrain from making new purchases and observe market developments.

Source: https://thoibaonganhang.vn/du-bao-trong-thang-5-thi-truong-duy-tri-dien-bien-tich-cuc-163545.html