Low-priced supply appeared as soon as the stock market opened in the second trading session of 2025. Towards the end, selling orders were increased more strongly, especially in large-cap stocks, causing the index to close in a rather pessimistic red.
At the end of the trading session, VN-Index decreased by 15.12 points to 1,254.95 points; HNX-Index decreased by 2.03 points to 225.66 points. The market breadth was tilted towards red with 481 stocks decreasing and 228 stocks increasing. In addition, the red color in the VN30-Index basket was somewhat overwhelming with 24 stocks decreasing, 3 stocks increasing and 3 stocks remaining unchanged.
The sell-off by investors also helped improve market liquidity with more than 560 million shares matched, equivalent to a transaction value of VND13,750 billion.
In terms of impact, TCB, CTG, FPT and VPB were the stocks with the most negative impact, taking away more than 5.2 points from the index. On the other hand, VCB, CTR, PLX and NVL were the stocks that still held on to the green but had insignificant impact. At the close of the session, the VN230 basket recorded 24 stocks decreasing, while only 3 stocks increased, namely VCB, PLX and SSB.
Domestic investors' concerns partly stem from foreign investors' net selling. In today's session, they net sold VND580 billion on the HoSE. Accordingly, the most sold code was FPT (VND231 billion). Next were CTG (VND107 billion), TCB (VND77 billion), HDB (VND52 billion), SSI (VND39 billion). In the opposite direction, foreign investors net bought bank codes such as BID, VCB, VPB.
Experts say the market is showing signs of weakening as the amplitude gradually narrows and trading volume decreases, reflecting cautious sentiment from investors. In the context that the market is still in the accumulation phase with weak liquidity, investors should maintain caution and should not rush into making trading decisions.
According to experts from KBSV Securities Company, the general market trend is still moving in a neutral state, however, the downward trend has narrowed in most stocks and there is a bottom-fishing cash flow pushing prices strongly in some industry groups. Although the above signs are not enough to confirm that the upward trend has returned, the temporary upward trend is still being preserved, especially when the VN-Index is testing the nearby support zone.
Analysts from TPS Securities Company recommend that buyers have entered the market but there are still many potential risks from liquidity. Investors should open buying positions when the market corrects to the 1,240-1,260 point range or exceeds 1,300 points with strong liquidity. Investors should also avoid trading at times when liquidity drops sharply like now to prevent risks.
