At the end of the trading session on March 31, the VN-Index decreased by 10.6 points, down to 1,306.86 points. The HNX-Index decreased by 3.14 points, down to 235.06 points.
The width of the whole market is somewhat leaning towards red with the seller having 495 codes down and the buyer having 241 codes up.
Red is somewhat overwhelming in the VN30 basket with 20 decreased codes, 8 increased codes and 2 reference codes.
Market liquidity increased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 753 million shares, equivalent to a value of more than VND 17.5 trillion
Regarding foreign transactions, foreign investors unexpectedly sold strongly with a value of up to VND 1,363 billion in the whole market.
On the HoSE, foreign investors net sold approximately VND1,282 billion. VNM shares were net "disbursed" the strongest net in the whole market by foreign investors with a value of up to 166 billion VND; HPG was also net sold for about 136 billion VND.
In addition, a series of other stocks that were net sold for more than VND100 billion also included SSI; FPT and MSN.
From the beginning of 2025 to now, foreign investors have been net sellers stronger than experts and the market expected. After only 1 quarter of 2025, the total net selling value has reached approximately VND23,000 billion, equivalent to 20% of the total net selling value for the whole year of 2024 and nearly the same as the whole year of 2023.
This pressure mainly comes from exchange rate increases and the trend of withdrawing capital from emerging markets, including ASEAN.
It can be seen that the market is going through a differentiation process, the group of large-cap stocks has slowed down its increase, while the group of small and medium-cap stocks has had quite a deep discount in the short term.
Therefore, analysts predict that this differentiation will continue in early April and gradually move to a more obvious increase from mid-April.
Technically, the VN-Index is in the process of adjusting, but there has been no sign of selling off or under great pressure. The 1,300 - 1,315 point area plays an important support role in the short term. In the cautious scenario, this will be a key milestone to maintain the increase. If the index penetrates this area, the technical correction could be deeper.
However, with support from cash flow, investor sentiment and macro platforms, the current corrections are an opportunity to accumulate stocks.
Some experts believe that the reasonable strategy at this stage is to take advantage of the increase to restructure the portfolio, reducing the margin ratio if it is at a high level.
Investors should continue to hold stocks with a solid foundation and benefit from the Government's support policies. Technical adjustments are an opportunity to restructure the portfolio, especially when market sentiment has become significantly more stable.
Choosing stocks well in the corrections not only helps reduce risks, but also optimizes profits when the trend increases again.
