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VN-Index edged up 6.36 points to close at 1,915.37 in today’s session, with the index nearly ending at a new high. The move could open the door to another all-time peak if VIC and VHM continue to perform, though whether investors will benefit remains uncertain. VIC rose 0.89%, VHM gained 1.55%, BID increased 3.79%, and CTG added 1.12%, together contributing more than 8 points—exceeding the index’s total gain.
Despite the index advance, market breadth did not fully align with the higher price level, making it harder to sustain strong buying enthusiasm. In the VN30 basket, only 10 stocks advanced while 18 declined. More broadly, breadth narrowed as the index climbed, a pattern that typically signals caution.
For example, when VN-Index peaked at 1:43 PM (up nearly 13 points), only 105 stocks rose and 200 fell. At the close, breadth stood at 97 gainers and 213 decliners, indicating selling pressure dominated.
Within VN30, 18 stocks were down more than 1% from their intraday highs. Several large names were notably weaker: DGC retreated 3.87% from its high and closed down 3.15% versus the reference; GAS fell 3.36% to close 1.71% below the reference; and GVR reversed to -2.46% from its high, closing at -0.42% versus the reference.
Even stocks that finished green faced pressure. CTG fell 1.36% from its high but still closed up 1.12%. LPB dropped 2.26%, limiting total gains to 1.17%. VCB eased 1.62% to close at +0.66%.
If these blue chips had held up better, VN-Index could have closed at a new high, given January’s high of 1,918.46 and today’s intraday high of 1,921.81.
While the market saw a red tone overall, the high-liquidity group still leaned toward green. The most active 20 stocks on HoSE—accounting for nearly 60% of market liquidity—had only 7 stocks in the red, with the remainder closing higher.
From a cash-flow perspective, this was seen as supportive because the most cash-attracting names showed strength. Among the top liquid names, gainers included VIX (+5.08%), VHM (+1.55%), GEX (+6.69%), BID (+3.79%), SHB (+1.06%), NVL (+3.93%), and CTG (+1.12%). In terms of liquidity contribution, 97 green stocks accounted for 54.6% of total liquidity, while 213 red stocks accounted for 42.8%.
Foreign investors continued net selling for a 12th straight session, with cumulative net outflows of about 11.376 trillion VND. Today, HoSE alone recorded an additional net outflow of 905 billion VND.
Notable foreign selling included FPT (-445.3 billion VND), VHM (-269.9 billion), ACB (-138.5 billion), MSB (-123 billion), CTD (-80.5 billion), and STB (-69.7 billion). On the buying side, MSN (+162 billion VND), VIX (+147.1 billion), VIC (+134.9 billion), BID (+99.1 billion), and GEX (+59.3 billion) were among the notable net purchases.
Foreign trading declined sharply in April, with net withdrawals exceeding 10 trillion VND over the last 10 sessions. Compared with the prior month, both domestic and foreign investors generally trimmed activity, with foreign institutions and foreign individuals showing the sharpest declines (nearly 37% and 31.6%, respectively).
Attention has also turned to global money flows into U.S. stock ETFs. U.S.-listed equity ETFs attracted net inflows of about 133.1 billion USD, up sharply from 33.6 billion USD in the previous month.
In Vietnam, VN-Index rose about 10% in April, with major gains led by VIC, VHM, VRE, and VPL. As a result, the PYN Elite Fund also posted a 1% gain.
Analysts also pointed to a possible renewed bull phase for gold and silver if a peace agreement between the U.S. and Iran is reached, suggesting further upside potential for precious metals.
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