The stock market showed some positive movement in the first half of the morning, with the general index briefly climbing nearly 7 points above its reference level. However, this gain was primarily driven by large-cap stocks, as almost half of the listed shares on HoSE saw price declines.

After 10 a.m., the VN-Index dropped below its reference level and remained in the red until the session's close. The HoSE benchmark index finished above 1,867.2 points, recording a decline of over 4 points from yesterday.

Overall for the week, the VN-Index fell by nearly 10 points, reversing two consecutive weeks of gains. The market's performance this week was significantly influenced by large-cap stocks amid persistently low liquidity.

This trend was particularly evident in today's session. Twenty stocks within the VN30 basket, including prominent names like GAS, LPB, PNJ, and BID, saw declines, contributing to the VN-Index's adjustment. On the broader HoSE floor, 199 stocks fell, nearly double the number of those that gained. Yet, the index's decline was limited to just over 4 points, cushioned by key supports from VHM and HVN.

Total transaction value on the TP HCM market was recorded at nearly 15,700 billion VND, representing a decline of over 9% from yesterday. Throughout the entire week, HoSE's liquidity consistently remained below the one billion USD mark.

Furthermore, market sentiment was impacted by foreign capital movements, with overseas investors recording four net selling sessions this week. Today's net selling reached approximately 805 billion VND; however, no individual stock saw net selling exceeding one hundred billion VND.

Investors observe a price board at a securities company in TP HCM, 4/2026. Photo: Quynh Tran

In its pre-trading morning bulletin, VPBank Securities (VPX) highlighted that cash flow has not significantly improved, limiting its spread across sectors. Most stocks continue to exhibit differentiated movements without forming a broad-based upward trend. Persistent low liquidity reflects cautious investor sentiment and a lack of strong buying interest for a significant breakout.

Consequently, VPX recommends maintaining a reasonable stock allocation. Investors may prioritize sectors currently attracting capital and await clear liquidity signals before increasing their positions.

Meanwhile, Beta Securities (BSI) emphasized that sustained low market liquidity and foreign trading trends are critical factors to monitor. Despite a positive short-term outlook, the stock market remains susceptible to high volatility. Therefore, investors should exercise caution and avoid aggressively buying stocks with rapid short-term gains, while maintaining strict discipline when employing leverage.

"Given the macroeconomic policies implemented to support economic and business growth, investors should prioritize accumulating shares of fundamentally strong companies with promising business prospects", advised BSI's analysis team.

Tat Dat