More than 200 stocks on the HoSE exchange finished lower, including several bellwether names, dragging the VN-Index down 13 points to finish near 1,841. The index fluctuated through the day, with intraday movements and a broad correction that affected many sectors.
Apart from the influence of the large-cap basket, the market faced broad correction pressure. The entire HoSE saw more decliners than gainers, with 203 stocks declining and the number of losers more than double the number of gainers. Selling pressure broadened across sectors and tickers.
Intraday, the VN-Index fluctuated sharply in the morning, with a range of up to about 10 points. Near the midday break, the market hovered around the 1,845-point level. In the late session, the market retreated further after 2 PM, at times breaching 1,840 points in the afternoon-to-close session. A modest improvement in the final minutes allowed the index to close near 1,841.
The market faced muted liquidity, with turnover at a low level suggesting selling pressure had not yet become overwhelming. The broad correction and the performance gap between large caps and the rest of the market contributed to a cautious trading tone among investors.
In pre-market commentary, VPBank Securities (VPX) noted funds began shifting toward stocks expected to report positive Q2 results, though overall liquidity remained at an average level, indicating cash flow had not yet returned strongly. Analysts expect the market to continue in a polarized manner, with opportunities centered on stocks with unique stories such as Q2 results, profit growth, or attracting cash flow. Investors are advised to maintain a moderate equity allocation, prefer holding stocks in an uptrend, and avoid chasing rallies when overall market liquidity has not clearly improved.
