The stock market entered today's trading session (March 5) with many positive signals after yesterday's impressive recovery. Cash flow actively entered the market right from the opening minutes, helping many stock groups increase positively.
However, this positive state did not last long as profit-taking pressure gradually increased in many large-cap stocks, especially in the energy group and some pillars of the market.
Closing the trading session on March 5, although the index continued to receive support from the VIC and VHM duo, however, these 2 pillar codes could not "support" the index before the downward pressure from the above-mentioned stock groups.
VN-Index closed the session down nearly 10 points (0.54%) to 1,808.5 points. Despite a sharp decrease, the HoSE board was not too different with 185 declining stocks compared to 153 gaining stocks.
Along with the score, liquidity also decreased with more than 1.1 billion shares matched orders, equivalent to a transaction value of 35,000 billion VND. The decrease in liquidity stems from a sudden net selling move from foreign investors.
In today's session, foreign investors net sold more than 3,100 billion VND. Among them, FPT was the stock that was dumped the most in the market with 573 billion VND.
In terms of the level of impact on the index, VIC stock is the largest pillar of the VN-Index when contributing 16.07 points to the index. Followed by VHM contributing 1.33 points. In the opposite direction, GAS put the strongest downward pressure on the market when taking away 4.31 points of the VN-Index.
The energy - oil and gas stock group suffered strong profit-taking pressure, becoming the group with the deepest decline in the session when it decreased by about 5.68%. Many stocks in the industry plummeted sharply, even hitting the floor price such as GAS, GVR and PLX.
The real estate group has significant support from the VIC and VHM duo when increasing by 5.91% and 1.6% respectively. However, many other stocks in the industry are still under adjustment pressure such as DXG decreasing by 3.09%, VRE decreasing by 3.57% or DIG decreasing by 2.14%.
According to the March 2026 market outlook report of Vietcap Securities Company, the Vietnamese stock market is being interspersedly affected by supporting factors and risks in the short term.
In a positive direction, the domestic economic environment continues to send positive signals. In addition, FTSE Russell is expected to hold mid-term evaluation meetings in March 2026 related to the possibility of officially upgrading the Vietnamese stock market.
According to Vietcap, the preparation for the upgrade process is still going smoothly and may become an important support factor for the market.
However, Vietcap believes that risks from external factors are still present as geopolitical tensions in the Middle East show signs of escalating. Vietcap believes that for the Vietnamese market, the impact of this crisis may cause strong cash flow differentiation between industry groups.
In which, oil and gas, fertilizer, seaport, sea transport, precious metals and jewelry stocks may benefit from increased commodity prices and the risk of supply chain disruptions.
Conversely, the aviation and tourism industries may be under pressure as fuel prices rise sharply. In addition, capital-intensive sectors such as banking, securities, and housing real estate may also face rising interest rates if inflation is driven.
In the context that the market has not shown clear signs of creating balance, Vietcap offers two scenarios for the possibility of forming a bottom zone of the index in March.
In the base scenario with a probability of about 60%, VN-Index may bottom out in the range of 1,780-1,810 points when demand is boosted. If this scenario occurs, the index may recover in the second half of March and may even surpass the 1,900 point mark again.
In a negative scenario with a probability of about 40%, VN-Index bottoms out in the range of 1.710-1.750 points. However, the bottom zone, if established here, is still rated higher than the December 2025 bottom, showing that the medium-term uptrend of the market has not been broken.
