The VN-Index recently ended a losing streak, signaling a potential recovery, yet investors remain cautious. This sentiment is evident as market liquidity continues to decline, reaching a one-year low.
On this day, the Ho Chi Minh City exchange recorded only 503 million shares successfully traded, totaling 13,8 trillion VND. The last instance of liquidity falling below this level was on 10/4/2025, when the market was heavily influenced by news of reciprocal tariffs from former US President Donald Trump.
Liquidity remained low, primarily concentrated in large-cap stocks, accounting for nearly 9 trillion VND. No single stock recorded 1 trillion VND in trading volume. FPT, SHB, VIC, and ACB were among the most actively traded, with values ranging from 700 billion VND to 850 billion VND.
Analysts at MB Securities Company suggest that the drop in liquidity might push the market lower as it seeks buying demand. They anticipate more frequent fluctuations and periods of indecision before a clear market trend emerges.
The VN-Index closed at 1,839 points, a gain of 7 points from its reference level. However, excluding the Vingroup group's contribution, the index would have seen a decline. This marks the third consecutive week the market has traded below the psychological 1,900-point threshold.
VIC served as a key support for the Ho Chi Minh City exchange during the weekend session, rising 3,4% to 207,000 VND and contributing over 11 points to the index. VHM also gained 1,3%, adding more than one point to the index.
Conversely, key stocks across other sectors experienced negative movements. Within the banking group, major players like BID, LPB, STB, VCB, and CTG all saw declines. Most closed the session below their reference prices, with a 1% drop.
Most securities stocks also reversed earlier gains, turning negative, with the exception of VCK, which saw a slight uptick. Major stocks in this sector, including VIX, SSI, HCM, and VCI, each dropped between 0,5% and 1,5% from their reference prices.
The real estate sector experienced even larger corrections. Shares of developers such as Novaland, Hoang Quan, TTC Land, Quoc Cuong Gia Lai, and Nam Long all declined by over 1%.
The most positive development during the weekend session was foreign investors breaking a 15-session net selling streak. This group invested nearly 2 trillion VND, while selling approximately 1,7 trillion VND.
An expert from VCB Securities Company noted that the VN-Index is entering a phase of accumulation and consolidation around the 1,800-1,840 point range. Investors are advised to hold existing stocks that show signs of rebounding from support levels and to use market fluctuations as opportunities to cautiously invest in stocks attracting capital.
Phuong Dong
