Home Markets Stock Market Outlook for April 21-25, 2025: Returning to an Optimistic Mindset

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Stock Market Outlook for April 21-25, 2025: Returning to an Optimistic Mindset

11 May, 2025

I. VIETNAM STOCK MARKET WEEK 21-25/04/2025

Trading: The main indices maintained their green status during the last trading session of the week. VN-Index increased by 0.48% from the previous session, ending the week at 1,229.23 points; HNX-Index reached 211.72 points, up by 0.31%. For the whole week, VN-Index gained a total of 10.11 points (+0.83%) while HNX-Index lost 1.38 points (-0.65%).

After two declining sessions at the beginning of the week, especially the shocking loss of over 70 points on Tuesday, VN-Index quickly rebounded with three consecutive recovering sessions. However, investor caution remained as the market still had many unpredictable factors, while the long holiday was also approaching. Money flow showed clearer differentiation as the index continued to fluctuate around the resistance threshold of 1,230 points. At the end of the week, VN-Index closed at 1,229.23 points, up 0.83% from the previous week.

In terms of impact, VIC was the main pillar supporting the index’s green status in the last session, contributing more than 4 points to the increase. In addition, the improvement of VHM and VNM also added over 2 points to the VN-Index. In contrast, the “king stocks” caused the most hindrance, occupying 9/10 positions in the top negative influences, taking away 4.5 points from the overall index.

The green status remained dominant in the sector groups. Essential consumer goods and real estate rose by more than 2% thanks to the strong breakthrough of large-cap stocks such as MCH (+4.61%), VNM (+3.55%), MSN (+3.51%), VHC (+3.22%); VHM (+1.8%), SSH (+1.88%) and especially VIC, which had its second consecutive ceiling session. However, differentiation was still evident as many codes in these groups sank into the red with significant liquidity, typically DBC (-2.68%), ANV (-2.52%), HNG (-4.55%); NVL (-3.98%), DIG (-1.34%), CEO (-1.6%), PDR (-1.26%), and HDC (-1.6%).

Meanwhile, the adjustment of the two “giants” VGI (-2.71%) and CTR (-1.76%) made the telecommunications group the worst performer in the market with a decrease of 1.87%, although a few codes still recorded outstanding gains such as ELC (+4.08%), FOC (+12.59%), SGT (+2.5%), and ICT (+1.15%). The financial group decreased by 0.64% with widespread adjustment pressure, except for a few bright spots like MBB, VAB, BAB, ORS, APG, and VIG.

Foreign investors net bought with a value of more than VND 546 billion on both exchanges during the week. Of which, foreign investors net bought more than VND 558 billion on the HOSE but still net sold slightly more than VND 12 billion on the HNX.

Trading value of foreign investors on HOSE, HNX, and UPCOM by day. Unit: VND billion

Net trading value by stock code. Unit: VND billion

Stocks with outstanding performance last week: APG

APG increased by 16.82%: APG witnessed a bright trading week with a rise of 16.82%. The stock has mostly surged positively since breaking through the resistance formed in October 2024 (equivalent to the 10,400-10,900 region). At the same time, the trading volume exceeded the 20-day average, indicating strong participation of cash flow.

However, the Stochastic Oscillator indicator is now deep into the overbought zone. Investors should be cautious in the coming time if the indicator shows a sell signal again.

Stocks with the strongest decline last week: SGN

SGN decreased by 17.21%: SGN stock continued to face strong selling pressure last week with 3/5 sessions in the red. Although it recorded a significant recovery in the last two sessions of the week, the increase was not enough to prevent a negative trading week for SGN.

Currently, the MACD indicator continues to decline after giving a sell signal, indicating that the short-term adjustment risk remains.

II. STOCK MARKET STATISTICS FOR LAST WEEK