VN-Index recovered spectacularly to ease investor sentiment

Index VN-Index Closing the session at 1,341.34 points, green color spread across all sectors, even many stocks increased to the full range, showing that many investors’ sentiment has been relieved.

After a strong fall of nearly 50 points this morning, VN-Index quickly found a balance thanks to the buying demand of investors. Although the strong recovery of more than 30 points has not yet clearly established the upward trend of VN-Index, it has significantly eased the market’s sentiment after the strong downtrend.

“The demand for bottom-fishing at low prices increased to help balance the market and at the end of the session the market increased more than 30 points, a good recovery session, investor sentiment was removed and optimism returned. “, said Mr. Tran Hoang Son, Research Director of individual customers, MB Securities Joint Stock Company.

The domestic stock market today (April 26) had a spectacular recovery session. (Illustration image – Photo: Investment Newspaper)

According to market members, technically, there are some signals of short-term bottom formation of VN-Index. In the long term, macroeconomic factors of the economy and positive business results in the first quarter of many listed companies will still be a big driving force for the market.

“The valuation of the Vietnamese market has decreased to a P/E of 14.5 times, of which many VN30 stocks have decreased by 10 times, which is quite attractive given the business results of the companies that have been announced. There are many businesses with growth of more than 30% in Q1. In the long term, this year, listed companies can grow their profits by 25 – 30%, which is still a good foundation,” said Mr. Do. Bao Ngoc, Deputy General Director of Vietnam Kien Thiet Securities Joint Stock Company, commented.

It can be seen that the messages from the Government, state management agencies and analytical information from the mainstream media have really helped investors feel more secure to buy again. The stock market will continue to be associated with the health of the economy, whose core is the development of listed companies.

Stocks up more than 30 points

VTV.vn – In the afternoon session of April 26, thanks to the strong pull at the end of the session of large-cap groups, especially real estate and banking stocks, VN-Index regained the green color.

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