The VN-Index reclaimed the 1,800-point mark immediately upon opening, then surged nearly 15 points above its reference level. After the initial 20 minutes, the benchmark index gradually decreased, though more than one-half of the HoSE floor remained in the green. During the latter half of the morning, the market traded sideways around the 1,800-point level.
In the early afternoon, the stock market experienced a stronger but unsustainable rally. After 14h, the overall index gradually fell to lower price levels, even being pushed close to 1,780 points during the ATC session. The main pressure stemmed from blue-chip stocks, as the VN30 index also turned red simultaneously.
Improving before closing, the VN-Index settled near 1,792 points, down nearly 7 points compared to yesterday. This marks the second consecutive session of decline for the stock market.
On the HoSE floor, 175 stocks declined, outnumbering the 114 stocks that advanced. Sectors with poor performance today included insurance, real estate, chemicals, and resources. Meanwhile, capital continued to flow into construction and materials, utilities, and technology sectors.
According to data from VnDirect, stocks from the "Vin family" contributed 7 points to the VN-Index's decline. Conversely, the market received support from GAS, TCB, VJC, TPB, among others. Leading the gains was GAS from PV Gas, with its code rising 3.2% to 85,100 dong.
Today's liquidity improved by over 61%, reaching above 16.3 trillion dong. However, this marks the sixth consecutive session where the market's trading value remained below the 20 trillion dong threshold, indicating that a cautious sentiment still pervades investors.
Foreign investors continued their net selling streak for the fifth consecutive session, with approximately 491 billion dong. Pressure was primarily concentrated on VIC, VHM, MBB, MWG, VPB. However, no single stock experienced net selling exceeding hundreds of billions of dong.
The stock market experienced a volatile week. The VN-Index dropped over 47 points, marking its fourth consecutive week of correction. Liquidity consistently remained low, suggesting that selling pressure at low price levels has not yet gained absolute dominance. This also indicates that investors are exercising caution, with buying activity primarily exploratory rather than aggressive "bottom fishing."
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Investors monitor the market at a securities company in TP HCM, April 2026. Photo: Quynh Tran |
In its pre-market report this morning, VPBank Securities (VPX) suggested that selling pressure showed signs of easing as many stock groups began to exhibit a state of supply exhaustion. However, demand has not truly improved, leaving the market without sufficient momentum to form a clear recovery phase. Liquidity continued to decline, indicating that significant capital is still observing, and current buying activity is mainly exploratory.
Commenting on market valuation, Saigon - Hanoi Securities (SHS) stated that most sectors have returned to their early-year price levels. Many mid-cap real estate and industrial park stocks have reverted to their April 2025 price levels. Consequently, short-term supply pressure has decreased, leading to a sharp drop in market liquidity. Investors are advised to maintain a reasonable portfolio proportion. The investment objective should focus on stocks with strong fundamentals, leading positions in strategic sectors, and superior economic growth.
Tat Dat
