Stock Market Daily Forecast: A recovery expected

At the start of yesterday morning's session on April 7th, the VN-Index opened slightly higher by 3 points but was quickly pushed down below the reference level by selling pressure. At mid-session, active buying in large-cap stocks helped the index regain its positive momentum, at one point reaching a session high of 1690.31 points. However, selling pressure towards the end of the session narrowed the gains, causing the VN-Index to lose momentum and close down 2 points compared to the reference level.

Entering the afternoon trading session, continuing the downward trend, the VN-Index gradually retreated towards 1,665 points. However, bottom-buying demand emerged and became more active towards the end of the session, playing a crucial role in helping the index narrow its decline and break above the reference level. In the afternoon session, capital flowed mainly into large-cap stocks, with VIC, LPB, and VPB acting as strong pillars supporting the market. The downside in yesterday's session continued to be the liquidity factor, with the total trading value reaching only about 11 trillion VND, reflecting the cautious sentiment of the overall market.

At the close of yesterday’s trading session, the VN-Index closed at 1,677.54 points, up 2.55 points, equivalent to 0.15%.

The euphoria stemming from the cooling of tensions in the Middle East has triggered a spectacular economic boom across Asia. Major indices surged dramatically, notably the KOSPI (South Korea) jumping 5.57%, the Nikkei 225 (Japan) breaking through 5.25%, and the Hang Seng and Shanghai Composite also leaping 2.68% and 1.34%, respectively.

In line with global enthusiasm and the boost from the market upgrade, the VN-Index opened today with an incredible gap-up, rising by 74.51 points to reach 1,752.05 points.

The VN30 basket acted as the "locomotive" pulling the VN-Index up, surging 82.59 points to reach 1,923.55 points. The electronic board was quickly covered in vibrant green and peak purple.

A series of stocks records a recovery. The banking and securities sectors saw VPB and SSI both hit their upper limit (6.9%), closely followed by impressive gains from TCB (6.6%), SHB (6.1%), HCM (5.2%), and CTG (4.7%).

Not to be outdone, prominent real estate stocks such as DXG (6.8%), DIG (6.6%), and NVL (6.1%) also recorded overwhelming demand, sweeping away all price resistance levels.

On the daily chart, the VN-Index successfully tested the support zone around 1,675 points, equivalent to the area of the MA20 moving average. In addition, the CMF indicator continued to trend upwards, reinforcing the uptrend, showing that active buying demand is still present and ready to support the market.

On the hourly chart, the MACD indicator maintained the gap between the two signal lines, indicating that short-term selling pressure still holds a certain advantage. At the same time, the RSI line fluctuating around the 50-point mark also signals that minor corrections may still occur in the following sessions.

Given the current developments, VCBS recommends that investors prioritize risk management and maintain a safe portfolio allocation. Investors can take advantage of market fluctuations to consider partial disbursements, focusing mainly on stocks with strong fundamentals and belonging to sectors attracting capital flows such as banking, retail, and securities.