Vietstock Daily 08/04/2026: Range-bound trading amid subdued liquidity

The VN-Index formed a Doji candlestick pattern while testing the 200-day SMA, with trading volume continuing to fall sharply below the 20-day average. This suggests cautious investor sentiment remains dominant. If liquidity does not improve soon, range-bound trading and higher volatility are likely to persist in upcoming sessions.

Market snapshot (07/04/2026)

Major indices paused their declines on 07/04. The VN-Index rose 0.15% to 1,677.54 points, while the HNX-Index increased 0.68% to 246.7 points.

Liquidity remained subdued. On HOSE, traded volume fell 7.5% to nearly 515 million shares. On HNX, turnover was just over 52 million shares, down 9.9% from the previous session.

Foreign investors maintained a net selling position on HOSE, with value exceeding 824 billion VND, while continuing to net buy on HNX by more than 41 billion VND.

Cause and development: weak liquidity and cautious positioning

On 07/04, the market opened with a rebound attempt and briefly moved toward the 1,690-point area, but buying momentum could not be sustained. With liquidity limited, the index weakened and fell below the reference level by late morning. The decline extended into the afternoon before a late-session pullback helped the VN-Index finish slightly higher.

By market capitalization, VS-MidCap recorded the strongest rebound after the prior session’s sharp drop, while VS-LargeCap and VS-SmallCap stayed close to the reference level, showing clear sector divergence.

Index contribution and notable movers

In terms of contribution, VIC provided the largest positive impact, adding 3 points to the VN-Index. LPB and VPB followed with a combined contribution of 2 additional points. In contrast, VHM was the biggest drag, subtracting 1.72 points from the index.

Among index movers, the VN-Index rose 4.71 points (+0.26%) to 1,840.96. Market breadth was balanced with 15 gainers, 13 decliners, and 2 unchanged. Positive movers included LPB (+4.1%), DGC, and SSI (each up over 2%). Negative movers included HDB, VHM, GAS, and TCB (each down more than 1%).

Sector performance

Sector movement showed polarization. The Media/Communications sector led with a 1.22% gain, supported by VGI (+1.23%), FOX (+1.02%), CTR (+0.96%), and VNZ (+4.36%). Utilities declined 1.01% due to pressure from GAS (-1.53%), DNH (-13.11%), QTP (-0.78%), and HND (-2.78%).

Other sectors largely traded in narrow ranges with mixed results. In financials and consumer discretionary, selective strength appeared in VIX (up limit), SHB (+1.38%), SSI (+2.04%), VPB (+1.76%), VCI (+3.42%), and SHS (+4.24%). Consumer-related names such as FRT (+1.01%), HUT (+1.26%), TNG (+2.25%), and HHS (+3.61%) also posted gains.

Meanwhile, several stocks recorded notable declines, including HDB (-1.95%), TCB (-1.2%), TCX (-1.03%), BVH (-1.6%), PNJ (-4.4%), DGW (-1.72%), PET (-3.44%), and VVS (-6%).

Technical signals and money flow

VN-Index: Doji near the 200-day SMA

The VN-Index formed a Doji while testing the 200-day SMA, with volume continuing to shrink well below the 20-day average. This points to cautious investor sentiment. The outlook remains vulnerable if liquidity does not improve, with range-bound trading and volatility expected to continue.

HNX-Index: below the Middle Bollinger Band

The HNX-Index paused its decline but remains below the Middle Bollinger Band. The Stochastic Oscillator issued a sell signal, while MACD is narrowing its gap to the Signal line. If these signals persist in coming sessions, near-term risk could rise further.

Money flow and foreign activity

• Money flow momentum: The Negative Volume Index for the VN-Index is below the 20-day EMA. If this remains in the next session, downside thrust risk may increase.
• Foreign money: Foreign investors sold on 07/04/2026. If overseas investors continue this behavior, volatility may persist.

Outlook

With liquidity still drifting lower and the VN-Index showing a Doji near the 200-day SMA, the market appears positioned for continued consolidation. Without an improvement in trading activity, range-bound conditions and elevated volatility are expected to remain in the next sessions.