The VN-Index initially held green during the at-the-open (ATO) session. However, the HoSE benchmark index soon fell below its reference level, with the 1,870 and 1,860 point levels successively breached as selling pressure intensified.

In the afternoon, the stock market improved slightly, supported by a few blue-chip stocks. After 2 PM, the market fluctuated around the 1,860 point mark. During the at-the-close (ATC) session, the overall index briefly fell close to 1,853 points, nearly 25 points below its reference level.

In the final minutes of the session, stocks partially recovered. The VN-Index closed above 1,863 points, down nearly 15 points from yesterday. This marks the sharpest correction in over two weeks.

While the benchmark index saw a significant drop, the number of declining stocks on HoSE did not significantly outweigh gainers, with 176 falling and 115 rising. This suggests that selling pressure was not widespread across the market.

Sector-wise, the oil and gas, real estate, chemical, and retail groups posted the weakest performance today. Conversely, capital continued to flow into the tourism and entertainment, construction and materials, and technology sectors.

According to VnDirect's calculations, Vingroup's VIC stock contributed over 9 points to the overall decline. This was followed by Vinhomes' VHM, which accounted for nearly 3 points. These two stocks dropped 2.4% and 1.9% respectively, both with high liquidity, with VHM alone leading the market in total trading value.

Conversely, the VN-Index's decline was somewhat mitigated by Techcombank's TCB stock. This stock rose 2.8% with the second-highest liquidity across the market. TCB contributed nearly 1.4 points to the overall index.

HoSE's liquidity also adjusted in line with the index's performance. Total trading value reached over 16.100 billion dong, a drop of about 11% from yesterday. The stock market has now seen two consecutive sessions with trading value below one billion USD.

Foreign investors net sold approximately 1.074 billion dong for the second consecutive session. The stocks most heavily offloaded by foreign investors were VHM, CTG, FPT, BSR, and VIC. Conversely, no stock recorded a net buying value exceeding one hundred billion dong, with LPB and POW seeing the highest net purchases at around 40 billion dong each.

Investors monitoring the price board at a securities firm in Ho Chi Minh City, 4/2026. Photo: Quynh Tran

In its pre-market bulletin this morning, VPBank Securities (VPX) noted that the VN-Index maintained its upward momentum yesterday, but market breadth still leaned towards declines, indicating that capital flow has not truly spread evenly. The upward driver mainly came from a few stocks, while many other sectors faced profit-taking pressure and less positive trading activity.

VPX predicted that liquidity would remain low and a consensus from capital flow was lacking, suggesting that a strong breakout would require more time for confirmation. The recommended trading strategy is to continue prioritizing holding stocks with positive trends and attracting capital.

Tat Dat