Stock Market Weekly 06-10 April 2026: Volatility After Breakout

Vietnam’s stock market ended the week on a positive note, with the VN-Index gaining in the final session and closing the week up nearly 4%. The rebound, however, did not fully remove the market’s choppy character, as profit-taking pressure remained elevated at higher price levels. The rally still needs confirmation through liquidity consensus and the breadth of money flow.

Trading performance (06–10/04/2026)

On 10/04, both major indices rose. The VN-Index increased 0.77% to 1,750 points, while the HNX-Index added 0.37% to 251.91 points.

For the full week, the VN-Index gained 65.96 points (+3.92%), and the HNX-Index rose 3.23 points (+1.3%). The VN-Index closed at 1,750 points, up 3.92% versus the previous week.

Market drivers and sector rotation

Over the week, sentiment gradually shifted from a defensive posture to a more proactive stance as an “upgrade” narrative supported risk appetite and helped cash flow return after a prolonged cautious period. Although profit-taking pressure increased in the last two sessions, demand remained strong enough to preserve most of the weekly gains, suggesting conditions have improved compared with earlier periods—though the durability of the uptrend still requires further validation.

Large-cap impact in the final session: VIC, TCB, BSR and GAS were the leading contributors, adding a combined 9.5 points to the VN-Index. In contrast, VHM, BVH and HPG reduced the index by a combined 1.7 points.

Sector performance: Energy was the standout sector, with gains led by BSR reaching the upper limit. Other notable energy movers included PLX (+4.18%), PVS (+5.6%), PVD (+4.63%), OIL (+7.04%), and PVT (+3.69%).

IT was the only sector to decline, down 0.71%, pressured mainly by FPT (-0.77%), ELC (-0.56%), VEC (-1.91%), and DLG (-1.02%).

Financials and real estate: mixed buying and selling

In financials and real estate, divergences were evident. Some stocks attracted buying interest, including TCB (+4.37%), EIB (+2.21%), MSB (+5.37%), and VIB (+1.75%), alongside NVL (+0.6%), VIC (+1.68%), and KHG (+1.08%).

At the same time, several codes faced selling pressure, such as SHB (-0.65%), SSI (-0.52%), SHS (-0.56%), VCK (-0.8%), SIP (-0.98%), VHM (-0.74%), PDR (-1.8%), and CEO (-1.16%).

Foreign flows

Foreign investors sold a net total of about 3 trillion dong across both exchanges during the week. Specifically, they net-sold 3.1 trillion dong on HOSE but net-bought over 93 billion dong on HNX.

Notable weekly movers

NVL (+17.48%): NVL surged after moving above the 200-day SMA and reaching the upper band of the Bollinger Bands. The MACD widened following a buy signal in March 2026. However, the Stochastic Oscillator showed signs of turning over in overbought territory, suggesting the possibility of near-term consolidation or a pullback if the signal turns bearish.

DCL (-26.19%): DCL was the biggest decliner of the week, falling sharply after six consecutive sessions of declines following a historical high the previous week. The stock slipped below the 50- and 100-day SMAs with above-average volume, reflecting heavy selling pressure. MACD and the Stochastic Oscillator continued to decline after sell signals, and a test of the 200-day SMA is possible if conditions do not improve soon.