The stock market experienced a dismal trading session. In the morning, cash flow into the market was sluggish, recording just over 4.000 billion VND before the midday break, about 27% lower than yesterday. In the afternoon, the liquidity chart also increased only incrementally, rather than showing significant improvement as is typical.

At the close of the session, the total trading value on the HoSE reached over 10.100 billion VND, a nearly 49% drop compared to yesterday. This marks the lowest level since the 10/4/2025 session, when the market was significantly impacted by then-US President Donald Trump's reciprocal tariff information. More than half of the liquidity concentrated in the VN30 basket, while small and mid-cap stocks saw sparse trading.

Investors monitor the stock market at a company in TP HCM. *Photo: Thanh Tung*

Weak liquidity was observed as the stock market remained in the red throughout the session. Just minutes after opening, the HoSE's benchmark index fell below the 1.800-point mark. In the morning, the market at one point dropped below 1.790 points.

A crucial psychological threshold was regained early in the afternoon, but thin buying demand made it difficult for the general index to hold. The VN-Index closed at 1.798,6 points, down over 5 points from yesterday.

Across the HoSE, 178 stocks declined, outnumbering the 118 that advanced. The lowest performance was seen in sectors such as retail, construction and materials, resources, and technology. However, when looking at individual stocks, Vinhomes' VHM had the most negative impact, contributing over 2 points to the VN-Index's decline. This stock fell 1,6% to 144.500 VND per unit, with liquidity nearing 248 billion VND.

Conversely, the chemical and insurance sectors maintained relatively good gains compared to the overall market. The most notable performer was GVR from Vietnam Rubber Group. This stock increased 4,3% today to 35.400 VND.

The stock market today remained under pressure as foreign investors net sold approximately 505 billion VND, marking the 4th consecutive session. However, no single stock recorded a net sell exceeding one hundred billion VND. Foreign investors are offloading shares in the real estate and banking sectors, notably NVL, VHM, VIC, TCB, VPB, and HDB, but the selling pressure was not as high as in previous sessions.

According to VPBank Securities (VPX), in the two previous sessions, the VN-Index recovered, but the market remained cautious as liquidity stayed low. The buying demand that appeared was primarily exploratory, not indicating strong participation from large capital flows. Technical indicators also suggested that the recovery momentum was not truly robust.

Beta Securities (BSI) suggests investors should consider maintaining a balanced stock portfolio, only increasing their holdings when market cash flow improves alongside a positive trend. However, those with medium and long-term objectives could consider accumulating stocks with strong fundamentals and clear growth prospects for the second half of the year.

Tat Dat