Market Pulse: Liquidity Falls to a Two-Month Low on April 7, 2026

After fluctuating around the reference level in the afternoon session, the market was set to close lower, but a late pull helped the VN-Index finish higher by 2.55 points at 1,677.54. The HNX-Index also rose 1.67 points to 246.7.

Liquidity tightens to a two-month low

Trading liquidity was notably thin, with total market turnover at just over 16.6 trillion VND and volume of around 710 million shares—its lowest level in two months since February 12.

Late in the session, several stocks posted strong gains. In the securities sector, VIX reached the daily ceiling despite subdued trading for most of the day. VCI, SHS, SSI, and VND also closed higher by about 2–4%. In banking, gains were more selective, but LPB rose as much as 4%, becoming the second-strongest contributor to lifting the VN-Index.

Industrials saw standout moves, with VTP and VSC jumping over 4%. Real estate also advanced, led by VIC, NVL, and VRE, while some names such as VHM, KBC, DIG, and NLG moved more modestly or traded sideways.

In consumer staples, late-session buying supported several stocks including VNM, VHC, HAG, SBT, DBC, and ANV. By contrast, non-essential consumer stocks lagged: MWG eased slightly, PNJ fell more than 4%, and PET and DGW declined 3–4%.

Foreign investors remained net sellers, with a net sale of about 780 billion VND for the session.

Morning session: cautious liquidity and rising selling pressure

By the close of the morning session, the VN-Index was down more than 2 points at 1,672.93, while the HNX-Index edged up by 0.3 points. Compared with the open, selling pressure had strengthened, and market dispersion was visible across most sectors.

In financials, SHB, ACB, VAB, VIX, SHS, LPB, and MBS stayed in positive territory, while HDB, BID, VCK, TCX (HCM), MSB, and EIB weakened to the reference. LPB stood out as a key mover, behind VIC in contributing to the index.

Real estate was mixed: VIC, TCH, DXG, PDR, and VRE advanced, while NVL, VHM, DXG, KDH, PDR, and KBC faced downside pressure of 1–2%.

The consumer sector showed mixed-to-negative performance, with declines among staples such as MSN, VNM, MWG, and PNJ.

Liquidity remained scarce in the morning, with total turnover around 7 trillion VND, down about 20% versus the same time the previous day. Investors appeared cautious amid an uncertain near-term outlook.

Intraday checkpoints: rebound attempts and sector rotation

At 10:25 AM, the VN-Index rebounded by about 10 points to 1,684.96. Market breadth showed roughly 330 gainers versus about 200 decliners, suggesting buyers still held an advantage.

Real estate stayed supported, with VIC up more than 2% helping the sector. DIG, TCH, DXG, PDR, and VRE moved higher, while NVL, VHM, VPI, and KDH declined. Financials lagged slightly during this period, with HDB, BID, VCK, TCX (HCM), MSB, and EIB easing back toward the day’s baseline. LPB remained the standout in the group.

Consumer stocks continued to show mixed performance, with DGW, VPL, and PNJ moving modestly lower or mixed, while VVS trended down on the day.

Opening: early gains, then pressure from large-cap names

The market opened with moderately positive moves in major indices. By 9:20 AM, the VN-Index was up more than 3 points at 1,678, and the HNX-Index rose nearly 1 point to 245.97.

Early sector leadership came from telecom, oil & gas, and utilities. Telecom stocks gained on strength in VGI, FOX, and CTR. Oil & gas names such as BSR, PVS, PVT, and PLX also moved higher, while utilities followed with REE, GEG, QTP, NT2, and PPC among green movers.

Financials/banking led early gains, with VIX, SSI, SHS, LPB, SHB, and MBS rising by 1–2%. However, the consumer group initially remained weak, and VVS traded lower in the essentials space.

By 9:30 AM, selling pressure from the Vingroup complex pushed the VN-Index below the reference level. VIC, VHM, and VPL led the declines, dragging the index nearly 5 points lower.