The VN-Index chart largely traded below its reference level today. During the opening auction (ATO) phase, the market initially fell, carrying over momentum from the previous session. However, after 9h30, the market improved as rising stocks accounted for over 40% of the entire HoSE floor, pushing the index up more than 10 points.

The positive momentum lasted only about 30 minutes. The benchmark index quickly turned red, then fluctuated slightly around the reference level. Approaching the midday break, the VN-Index declined again.

The negative trend continued into the early afternoon session. From 14h, the market again fluctuated around the reference level. However, just before the closing auction, the benchmark index quickly regained positive territory, supported by several blue-chip stocks. The VN-Index closed near 1.872 points, up almost 9 points compared to yesterday.

Despite the benchmark index's improvement, the HoSE floor saw 196 declining stocks, outnumbering the 125 advancing ones. The stock market experienced a "green on the outside, red on the inside" situation. According to VnDirect statistics, Vingroup's VIC and Vinhomes' VHM primarily supported the VN-Index today, as these two stocks contributed nearly 10 points to the overall index.

At the close of today's session, VHM rose 3,5% to 162.000 dong per share. Its liquidity reached the highest level across the market, totaling over 1.680 billion dong (accounting for more than 10% of the entire floor). Of this, over 57% of matched orders came from active buyers.

VIC also gained 1,3% to 228.000 dong. Its total transaction value reached nearly 580 billion dong, second only to VHM. Active buyers also dominated, accounting for over 53% of matched orders.

Conversely, the chemical, oil and gas, and construction-materials sectors performed the worst today. Additionally, the benchmark index was negatively impacted by LPBank's LPB, which caused the VN-Index to drop nearly 2 points. This stock fell 5,4% after 9 consecutive sessions of gains.

Total liquidity on the HoSE floor reached over 16.100 billion dong, showing little change from the previous session. Weak demand indicates that the market's improving trend still requires more time for confirmation.

A positive highlight was the return of foreign investors, with net purchases of approximately 330 billion dong. The two "Vin" group stocks attracted the most foreign capital, with VHM seeing net purchases of over 329 billion dong and VIC around 120 billion dong. Today, the market did not record any stock with foreign net selling exceeding one hundred billion dong.

Investors monitor the market at a securities company in TP HCM, 4/2026. Photo: Quynh Tran

Overall for the week, the stock market gained over 41 points, marking its second consecutive week of improvement. Sai Gon - Ha Noi Securities (SHS) believes the short-term trend for the VN-Index is accumulation below the strong resistance zone of 1.900-1.930 points. This price range saw significant correction pressure in january, february, and may of 2026.

According to this analysis group, "superior growth drivers" are necessary for the market to overcome the aforementioned resistance zone. Currently, SHS states there is no forecast that the VN-Index can break past this level; instead, it may face downward pressure towards the nearest support around 1.850 points and consolidate within a narrow range of 1.850-1.900 points.

The market is gradually approaching the end of Quarter II. At that time, investors will re-evaluate their portfolios after the first six months of the year, update fundamental factors and corporate business results to plan portfolio restructuring, and assess new investment opportunities if available.

SHS emphasizes that this is not an attractive valuation zone for the market. Accumulation investment positions should only be considered during corrections and require careful selection based on updated fundamental factors and corporate business results.

Tat Dat