Under strong selling pressure, VN-Index retreats to near 1,200 point mark

The stock market on the morning of April 17 had a negative performance, the index fell sharply right at the opening of the session, although at times the index recovered, surpassing the reference level, but immediately after that, selling pressure increased again, making it impossible for the VN-Index to recover.

At the end of the morning session on April 17, VN-Index decreased by 8.08 points to 1,202.22 points.

Trading volume reached more than 356.4 million shares, equivalent to more than VND 8,031.6 billion.

The whole floor had 126 codes increasing in price, 312 codes decreasing in price and 60 codes remaining unchanged.

HNX-Index decreased 1.27 points to 208.14 points. Trading volume reached more than 29.2 million shares, equivalent to more than 445.5 billion VND.

The entire floor had 51 stocks increasing in price, 93 stocks decreasing in price and 42 stocks remaining unchanged. UPCOM-Index decreased 0.21 points to 90.18 points.

Trading volume reached more than 27.4 million shares, equivalent to more than 263.4 billion VND.

The entire floor had 96 stocks increasing in price, 129 stocks decreasing in price and 66 stocks remaining unchanged. The VN30 stock basket had 19 stocks decreasing in price, 10 stocks increasing in price and 1 stock remaining unchanged.

BCM, BID, HPG, MWG, VPB codes decreased by more than 2%. Technology stocks were mixed. Accordingly, the two leading stocks in the industry, CMG, increased by 2.31% and FPT increased by 0.09%.

While other codes such as ELC, ITC, ITD fell sharply. Banking, real estate, securities, and chemical groups were submerged in red.

According to Saigon-Hanoi Securities Joint Stock Company (SHS), a number of securities companies have begun to announce their business results for the first quarter of 2025.

Data shows that the margin debt balance at the end of Q1/2025 continued to increase compared to Q4/2024.

Although outstanding debt has decreased relatively after recent sharp declines, information about a sharp increase in outstanding debt at the end of the first quarter of 2025 will still put pressure on the current market.

Besides the uncertain effects of tariffs, tensions between the two superpowers, the US and China, continue to increase and expand.

In the short term, SHS believes that many stocks are still relatively cheap compared to the internal factors of the business. However, the level of short-term risks is higher than the opportunities, especially for industries subject to tariff pressure.

SHS recommends that investors prioritize risk management in the current new context. Consideration of increasing investment proportion should wait for the general market to rebalance.

This process could drag on until Vietnam begins trade negotiations with the US.

Investors maintain a reasonable proportion, investment targets are aimed at stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy.