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Vietnam’s stock market retreated sharply on April 24, 2026, with the VN-Index falling as liquidity thinned to very low levels. The decline reflected investor caution ahead of an extended holiday, with information risk remaining a key concern.
The VN-Index closed down 0.91%. The largest-cap group lost momentum, dragging the index lower. Notable declines included VIC (-1.12%), VHM (-5.23%), VCB (-3.5%), BID (-2.04%), and CTG (-1.41%), with these stocks contributing more points to the index’s drop than the overall percentage decline suggests.
Trading across the state-owned banks group was subdued throughout the session, with liquidity only a fraction of the previous day. The breadth of declines was wide, indicating weak buying power. The article attributes the market’s condition to investors’ reluctance to take on information risk from external sources during a trading halt.
Liquidity across both exchanges fell to about 18.1 trillion dong, roughly in line with early April levels before ceasefire-related news. While the VN-Index is approaching its historic high, the article notes that the liquidity retreat appears driven more by avoidance of a longer break than by technical concerns.
In the past two weeks, the VN-Index rose by more than 103 points, with VIC contributing 104 points. However, most stocks remain well below their own peaks, suggesting that index strength does not automatically translate into similar resistance levels for individual shares.
Over the past week, the VN-Index gained more than 2%, but only about 40 stocks posted gains at or above that level. When liquidity is considered, only 16 codes traded at least 10 billion dong, indicating fewer opportunities for quick trading swings.
The article highlights the Middle East situation as the biggest information risk in the days ahead. It notes that while no new “hot” conflict has occurred, tensions have risen due to continued control issues around the Hormuz Strait and ongoing daily troop movements.
Next week, the Vietnamese market will trade only two sessions. As a result, even investors holding long positions face information risk over the extended break.
The cash market offered limited opportunities, and the futures market was described as dull. The most volatile VN30 move implied an average discount of more than 11 points, as VN30 fell from above 2028.xx to around 2015.xx—the widest gap at the index peak exceeding 24 points. With that spread, the article states that shorting was not feasible.
After VN30 breached 2015.xx in the early afternoon, the basis moved back toward nearly 1 point, which the article described as a potentially suitable setup for a short trade with a stop-loss against the index. However, the decline lacked momentum and did not reach 1998.xx.
VN30 closed at 2011.42. The nearest resistance levels listed are 2016; 2028; 2942; 2054; 2064; and 2073. Support levels are 1998; 1983; 1971; 1959; 1950; and 1940.
With an extended holiday approaching, the article concludes that it is not a good time to participate in the market, particularly in the cash segment, warning that pushing too far can lead to being trapped.
Disclaimer: “Blog chứng khoán” is a personal blog and does not represent the views of VnEconomy. The opinions and assessments are those of individual investors, and VnEconomy and the author are not responsible for issues arising from the investment assessments published.
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