The Vietnamese stock market has just experienced a prosperous first trading session of the month. VN-Index closed the "April Fish" day (April 1) up more than 28 points (+1.7%), thereby regaining the 1,700 point mark. For investors who are holding stocks, this is expected to be a smooth start to April, not a "bull trap".
However, entering today's trading session (April 2), after a short period of positive opening, the market quickly turned to adjust due to increased selling pressure on a large scale. Entering the afternoon session, the market fluctuated strongly but did not significantly change the results compared to the end of the morning session, so the market map did not record much difference.
Closing the session on April 2nd, VN-Index turned down 8.11 points to the threshold of 1,694.82 points. Similar developments also took place on HNX-Index and UPCoM-Index. In which, HNX-Index closed the session at 250.36 points, down 1.1 points, while UPCoM-Index closed at 127.27 points, down 0.35 points.
Market-wide liquidity reached more than 29,000 billion VND. However, this scale is still lower than the average of the past month and quarter.
Foreign investors' transactions are also very noteworthy, when switching from net selling to strong net buying, and the main factor is VPL of the Vingroup ecosystem being net bought by more than 3,900 billion VND. Data shows that a "huge" block transaction volume of more than 49 million VPL shares today came from foreign investors.
In contrast to VPL, another ecosystem member, VHM, was net sold by foreign investors by nearly 804 billion VND in a ceiling-increasing session. With this result, foreign investors officially had a net buying session again after a series of dozens of days of only knowing about net selling.
Real estate is still a rare industry that increases points with the main driving force from VHM increasing to the ceiling price, completely different from the rest of the market. VHM stock is again the focus of the market. With strong demand absorption, VHM is currently hovering around the ceiling price with liquidity ranked 2nd in the market when there are more than 16 million units. VHM alone contributed more than 7 points to the general index.
In fact, the Vietnamese stock market often fluctuates very unpredictablely in April. The probability of VN-Index increasing/decreasing in April of the previous 25 times is almost 50/50. However, it is noteworthy that in the last 4 years the market has declined in this month.
In general, past statistics are only for reference, because the market context at the present time is very different from previous periods.
The biggest concern for the market is that the conflict in the Middle East has begun to find a way out. Some statements reveal that the end time of the war is about 2-3 weeks, which is this month. Right at this time, unfavorable factors for the stock market such as oil prices and USD have cooled down after the previous period of hot increase.
In addition, the decline in the past time has caused the market to discount about 10% from the peak. VN-Index is in the 1,700 point zone, but many Bluechips stocks have fallen to a much lower price range. Along with the profit growth of listed companies, market valuation is considered attractive by many organizations.
Furthermore, an important event will also be announced next week. On April 7, FTSE Russell will announce the upgrade review results and Vietnam, according to many organizations, will pass this "test". According to the roadmap, Vietnamese stocks will be officially added to the emerging index basket of FTSE from September 2026. However, foreign capital is expected to stir back to the market even before this time.
In addition, April is also the peak season of the Annual General Meeting of Shareholders. Although this is a recurring factor every year, the expected contents to be discussed are unexpected. Ambitionary plans, options for offering shares, huge dividends... can create a boost for stocks as well as the general market.
