HIGHLIGHTED NEWS
During a meeting with the Energy Security Task Force on March 26th, the Prime Minister requested the immediate construction of a strategic petroleum reserve at Nghi Son to strengthen energy security. Along with this, the Government also assigned the task of ensuring domestic supply by maintaining maximum capacity at refineries, prohibiting the export of raw materials, and ensuring the import of crude oil. Simultaneously, it called for tightening market management, cracking down on speculation, hoarding, and smuggling of petroleum products.
The Vietnam Civil Aviation Authority has proposed applying a fuel surcharge to domestic air tickets for three months (from April 1st to June 30th) due to rising Jet A-1 fuel prices and current supply only guaranteed until mid-April. The surcharge will be flexibly calculated based on Jet A-1 prices, taking into account actual fuel costs and the difference from the base rate of $90/barrel, and will remain outside the current ticket price ceiling. Currently, fuel costs account for 35–40% of operating costs, forcing airlines to adjust their flight schedules to balance efficiency.
TRADING STRATEGY
The stock market closed in the red at 1,644 points, with liquidity falling to its lowest level in about two months. Market divergence returned. Selling pressure emerged on leading stocks in the banking, financial services, oil and gas, and technology sectors. Meanwhile, capital continued to flow into mid- and small-cap stocks in the industrial services, chemical, construction, and materials sectors. The VN-Index is likely to fluctuate around 1,630-1,655 points today.
After two consecutive positive recovery sessions, the market showed signs of slight stagnation at the resistance level around 1,660 points. The weakening liquidity amidst the VN-Index decline indicates that the overall sentiment remains quite cautious in both buying and selling positions. This indicates that the market's supply and demand balance has begun to stabilize, and investor trading activity is now almost entirely dependent on domestic and international macroeconomic developments rather than on the intrinsic factors of individual companies. Foreign investors continue their net selling trend. The VN-Index is likely to fluctuate in the coming trading sessions as investors await further fundamental information to confirm the trend. Investors should continue to maintain a reasonable proportion of stocks, avoid panic selling during market fluctuations, and wait for supporting fundamental factors and reversal signals to seek new investment opportunities, prioritizing fundamentally sound stocks with attractive valuations or dividend yields.
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