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Closing higher by 13.06 points, the VN-Index rose to 1,870.36 points, matching the peak seen at the end of February and moving into a trading range that forms the historic high at the start of 2026. Despite the index gain, stocks continued to correct broadly.
The VN-Index returned to the end-February 2026 peak. The advance was led by large-cap stocks. While VHM declined, the large-cap bank group rose alongside VIC. VCB gained 5.72%, BID rose 3.35%, CTG increased 1.72%, and VIC climbed 3.52%, contributing nearly 22 points.
Although the VN-Index performed well, the VN30 blue-chip basket was weak. By the close, only 10 constituents were up and 19 were down, while the VN30 index was down 0.03%. Outside government-owned banks and VIC, SAB was the only notable mover. SAB rose 2% by the close, with demand accelerating after 2 p.m. The stock moved toward the ceiling in the final two minutes of the session. SAB’s afternoon liquidity was 3.9 times the morning, indicating strong money inflows.
Elsewhere in VN30, most stocks underperformed. The basket had 8 stocks down more than 1%, with HPG the only pillar. HPG fell 1.42% from the close, including a 1.24% drop in the afternoon. Liquidity reached 865 billion dong, the highest in the basket. Total trading value for HPG was 1,148.8 billion dong, but the pattern reflected selling pressure, with afternoon trading many times higher than the morning.
Leading declines in the VN30 basket were VRE (-3.01%), SHB (-2.63%), DGC (-2.37%), and MWG (-2.20%), with weakness concentrated in the afternoon. For VRE, all declines occurred in the afternoon, closing at the day’s low. SHB fell an additional 2.31% in the afternoon; the others dropped more than 1% from their morning close.
Statistics showed the VN30 basket had as many as 24 stocks down versus the morning, with only 4 improving. Eleven stocks fell 1% or more, and liquidity in the basket declined by 7% versus the morning, suggesting buying interest had faded.
Overall HoSE afternoon liquidity rose nearly 24% from the morning session, while price levels were substantially lower. In terms of breadth, the morning session ended with 135 gainers and 147 decliners, but by the close there were only 104 gainers and 208 decliners. The number of stocks down more than 1% increased from 52 in the morning to 111 by the close. This liquidity increase therefore reflected selling pressure.
One of the clearest signs of intensified selling was that many stocks closed sharply lower on high liquidity. Nearly 30 stocks fell more than 1% with traded value above the 100 billion dong threshold, while in the morning only four stocks met this criterion.
The most striking trades were PC1 during lunch, when rumors spread on chat groups. Within less than 10 minutes after the market reopened, PC1 was dumped to the floor. In the morning, PC1 was weak, down 1.54% with liquidity over 100 billion; in the afternoon, trading exceeded 300 billion. Besides PC1, BSR, GEX, EVF, DCM, and VSC were also dumped abruptly and closed down 3–4%, each with liquidity of hundreds of billions dong.
However, the sell-off was not universal. TNT, PC1, NNC, and MDG were the only stocks that fell to the limit. Excluding PC1, the others had lower liquidity. Even so, several stocks with mid-to-high liquidity also fell sharply, including VVS (-6.32%, 27.9 billion), TV2 (-4.62%, 77.4 billion), REE (-4.10%, 117.7 billion), HDG (-3.79%, 125.2 billion), and DPM (-3.57%, 191.1 billion).
On the upside, it was also notable that some stocks rose to the ceiling with large volumes. SAB stood out, and PVT traded up to 432 billion while CTD traded 171.4 billion. On HoSE, 57 stocks closed up more than 1%, including 23 with liquidity of 10 billion dong or more. Government-backed banks and VIC, along with SAB, had particularly strong liquidity. Other stocks trading over 100 billion included NVL (+2.4%), VPI (+1.02%), VCG (+4.85%), VCI (+2.26%), HHV (+2.79%), and TCH (+1.18%).
Foreign investors continued to sell more heavily despite improved buying activity. Net new investment on HoSE rose 52% versus the morning session to 1,473.8 billion dong, while selling rose 18% to 2,217.8 billion dong. Net outflow was -744 billion dong, compared with -908.8 billion dong in the morning.
Key stocks with large net outflows included FPT (-266.2 billion), ACB (-176.5 billion), VHM (-170.8 billion), VCB (-149.8 billion), CTG (-106.3 billion), and BSR (-101.4 billion). On the buy side, PVT (+72.1 billion), VNM (+54.3 billion), and DCM (+32.9 billion) were notable.
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