The benchmark index for the TP HCM stock exchange closed at 1,768 points, down 2.25% from its reference level, marking its steepest drop since December 2025. For the week, the market recorded four losing sessions and one modest gain, leading to a total loss of 112 points for the index.
According to VNDirect Securities Company, VIC was the top stock negatively impacting the market at the week's close. The stock dropped 5% to 156,500 dong, wiping over 13 points off the VN-Index. Other negatively affected stocks were spread across various sectors: oil and gas, banking, technology, and consumer goods.
Declines were widespread across the TP HCM exchange, with nearly 240 stocks closing below their reference prices, three times the number of gainers. The blue-chip basket showed an even greater disparity, with 23 declining stocks compared to only three gainers.
By sector, selling pressure was most concentrated in banking. Leading banking stocks like TCB, BID, STB, CTG, and VCB all closed down over 1%. SHB was the only one to buck the trend, rising 1% and ranking among the most positive contributors to the VN-Index.
Stocks of many real estate developers also saw declines. KDH, HDG, DIG, AGG, HQC, PDR, and SCR all closed in negative territory.
The aviation sector faced strong selling pressure, leading to declines across all its component stocks. HVN of Vietnam Airlines was among the most heavily sold, dropping 1.6% to 24,350 dong.
Meanwhile, the oil and gas sector, which experienced a sell-off yesterday, saw sharp divergence. Large-cap stocks like GAS, PLX, and POW all fell over 4%. Conversely, PVT hit its ceiling price, closing with no sellers. BSR, OIL, and PVD also regained positive territory, though their gains were modest.
Market liquidity significantly decreased from the previous session, totaling only about 33 trillion dong. SSI continued to lead in matching order value with over 2.3 trillion dong, followed by FPT, HPG, and SHB.
Foreign investors extended their selling streak to four consecutive sessions. Their total net selling value this week exceeded 6 trillion dong.
According to analysts at Yuanta Securities Company, the market's short-term trend has been downgraded from "neutral" to "downward." Low liquidity is expected to continue next week. Investors are therefore advised to reduce their stock allocation from 40-50% to 30% and limit new purchases during this period.
Phuong Dong
