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The stock market closed a positive week, with index performance aligning with liquidity, a combination that helped reinforce investor confidence as trading moves into the new week of April 20–24, 2026. Tran Quoc Toan, Director of MAS Branch 2, said the week’s gains reflected not only information flow but also clear participation from large capital, with big-cap leadership signaling the market is forming a more sustainable price level.
For the upcoming trading week, Toan said the VN-Index retains solid upside momentum and could move to higher levels. The main driver, he noted, is expectations for Q1 2026 earnings growth across multiple sectors.
At the same time, after a strong rally, Toan warned that short-term profit-taking pressure is likely. He also expects some volatility, particularly at higher price levels, even though liquidity remains high and can act as a cushion for the market.
Toan said that if a mild correction occurs, it should not be viewed negatively. Instead, he described it as a necessary “refresh” that can help renew capital and improve resilience for longer-term investment goals.
Given sector divergence, his recommended approach is to focus on high-quality stocks and maintain patience with the mid-term trend. He advised investors to avoid chasing bullish sentiment when prices have moved well beyond safe entry levels, and to prioritize stocks with solid fundamentals.
On portfolio construction, Toan suggested concentrating holdings rather than broad diversification to optimize outcomes in the current phase.
MAS expects rotation across sectors to continue. Three groups stand out in the near term: banks, retail, and energy.
AGM season is currently at its peak, providing key information for investors. MAS views AGMs as more than a review of last year’s results; they also offer insight into company plans and strategy for the current financial year.
Toan said investors should focus on three core factors:
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