Today, the VN-Index primarily traded below its reference level, experiencing significant volatility of nearly 29 points. The market briefly regained positive momentum in the morning, rising by more than 7 points. However, in the afternoon, the HoSE benchmark index quickly fell below the key psychological threshold of 1,700 points, at one point dropping by up to 21 points from its reference.

Improving slightly by the end of the session, the VN-Index closed above 1,696 points, adjusting down by more than 13 points. Market consensus, however, was not as strong as the previous session, with the number of declining stocks not significantly different from rising stocks, at 167 and 153 respectively.

The oil and gas sector negatively impacted the market the most. This industry index saw the deepest adjustment, falling by 6,65%. A series of stocks hit their floor prices, notably BSR with liquidity reaching nearly 1,300 billion VND – the second highest across the market – along with PVT, PLX, and GAS. Among these, GAS and BSR were the two stocks with the most detrimental effect on the VN-Index.

Capital continued to flow into stocks with unique narratives. The HoSE recorded 9 stocks hitting their maximum daily gain, including NVL, HHV, and FCN. Notably, NVL marked its second consecutive session reaching the ceiling price, closing at 12,650 dong per unit with liquidity exceeding 298 billion VND. Novaland stock ranked 4th among the positive contributors to the VN-Index.

Compared to its historical "collapse" on 9/3, the market price of this stock has recovered by 20,5%. However, it remains approximately 30% lower than its short-term peak of over 18,000 dong, established in 8/2025.

Novaland stock surged amid news that Diamond Properties, a major shareholder linked to the family of Chairman of the Board Bui Thanh Nhon, registered to sell more than 2 million NVL shares to rebalance its investment portfolio. The transaction is expected to take place from 13/3 to 10/4.

Recently, Novaland announced the signing of sales contracts with more than 1,000 customers for the Victoria Village project. The company is also continuously channeling capital towards the construction of projects such as The Grand Manhattan and Aqua City.

HoSE liquidity did not fluctuate significantly today. Total transaction value recorded exceeded 27,400 billion VND, about 200 billion higher than yesterday. The moderate liquidity eased concerns about sell-off pressure in a highly sensitive market.

Furthermore, market sentiment was affected as foreign investors prioritized selling for the second consecutive session. Net selling reached approximately 397 billion VND, 90% higher than the previous session. Pressure focused on BSR, which saw over 286 billion in net sales, VIC with more than 133 billion VND, and other stocks like SSI, VHM, PLX. Conversely, foreign investors heavily bought KDH, VNM, MSN, ACB, VIB.

Investors monitor Novaland stock prices during the 13/3 session. Photo: Tat Dat

Overall for the week, the VN-Index declined by nearly 72 points, equivalent to more than 4%. A significant contributor to this correction was the historical adjustment on 9/3, when the general index lost over 115 points. Subsequently, the market experienced two consecutive recovery sessions before declining again towards the end of the week.

In its pre-trading bulletin today, VPBank Securities (VPX) observed renewed selling pressure and a cautious market sentiment, as buying demand was insufficient to sustain a lasting recovery. They predicted that if buying demand does not improve significantly, volatility and tug-of-war dynamics may continue in upcoming sessions as the market seeks a new equilibrium.

Meanwhile, Vietcombank Securities (VCBS) advised investors to remain calm, continue holding stocks with strong fundamentals, and maintain stable growth trends compared to the overall market. Additionally, investors can actively monitor market developments, utilizing intraday fluctuations to seek partial disbursement opportunities, prioritizing stocks that are attracting leading capital flows and have established reliable support price levels.

Tat Dat