Entering the first trading session of the week on April 20, VN-Index faced increased selling pressure right from the beginning of the session and at times adjusted to near the 1,800 point mark. But the market quickly recovered with the positive support of the VN30 group, especially VHM code, along with key banking and securities groups.
Cash flow still chose to stand outside the market and another session had to rely on the Vingroup stock group, with VHM pulling the ceiling and VIC expanding the increase range, which helped VN-Index continue to move forward.
Closing the trading session on April 20, VN-Index increased by 19.94 points (+1.1%) to 1,837.11 points. Total trading volume reached more than 690 million units, worth 21,703 billion VND, both down more than 7% in volume and value compared to the last session of the previous week.
Block transactions contributed nearly 108.7 million units, worth 3,658.8 billion VND. Regarding foreign-invested transactions, this group returned to net selling 629 billion VND across the market.
In terms of industry groups, the real estate stock group rose to the top of the best increases in the market thanks to the positive developments of Vingroup stocks, while the rest differentiated in a narrow range.
Energy stocks still fell the deepest in the market, with BSR closing the session down 2.1% to 26,150 VND/share and matched 7.9 million units, PVD down 1.35%, PVT down nearly 1%.
MBS Securities Company believes that investor sentiment is still "interested" in the Middle East storm. Although there has been a 4-week recovery streak, VN-Index is trading above the 1,800 point zone but is still lower than at the time of this conflict.
In addition to the 8th session of April 2026 when FTSE Russell confirmed that Vietnam passed the review period, the market increased sharply in both points and liquidity, the subsequent increase of more than +100 points (from 1,740 points to nearly 1,850 points) seemed to have no participation of large cash flow.
According to MBS, although the domestic market is still "following the flow" of world stocks, there are still some obstacles that prevent large cash flow from entering.
Most notably, net selling pressure from foreign investors is still quite strong, the 4-week consecutive increase of the market is also a 4-week consecutive net selling streak of foreign investors with a value of more than 11,000 billion VND.
Market breadth shows that investors' portfolios have been "left behind" compared to the index's increase. Statistics also show that the Vn-Index surpassed the threshold of 1,800 points, approaching the 1,850 point zone, but only 1/3 of the stocks had prices higher than the 200-day average.
Because the profit margin is only concentrated in a few individual stock groups, the liquidity of the entire market in the 4-week consecutive increase has only reached 26,800 billion VND, lower than the 3-week average decrease before (37,500 billion VND per session) and also lower than the last week of decline before bottoming out at the end of March.
The MBS analysis group forecasts that the fact that liquidity does not increase or market breadth shows that the increase in stocks does not keep up with the increase in the index may be a limitation to the market's recovery prospects. Besides, ahead is the old peak area (1. 860 - 1. 900 points), requiring consensus between Bluechips with high liquidity.
Therefore, a fluctuation or slight adjustment may occur this week for cash flow to shift to other pillar stock groups, creating momentum for the process of surpassing the peak in the index.
In terms of strategy, investors should prioritize buying or portfolio restructuring during corrections to the support zone of 1,770-1,780 points, avoiding price races in strong uptrend sessions, especially when VN-Index exceeds the 1,840 point zone.
