VN-Index had a fairly deep decline in the first trading day of June. The downward amplitude was dominated by large-cap stocks, while the correlation of the number of stocks increasing in price prevailed over the number of stocks decreasing in price.
A noteworthy point is that liquidity disappeared, yesterday's matched order volume was the lowest since the beginning of 2026 and decreased sharply by more than 39% compared to the 20-session average.
The fact that the VN-Index continues to adjust and loses the short-term support zone of 1,850 points, experts assess that, with the closing price position deviating towards the lowest zone of the day, the risk of the market continuing to adjust to retest the near support zones is the main scenario, especially if demand does not improve soon in the coming sessions.
The stock market starts June 2026 with a lot of pressure. Accordingly, the main risk factors and uncertainties include: geopolitical tensions in the world still have no end in sight, credit growth continues to be controlled, inflation affects, increased input costs continue to affect businesses and the economy, and the margin debt ratio is high.
Meanwhile, according to the assessment of SHS Securities Company (SHS), the market also possesses supporting factors such as the Vietnamese economy still growing positively, and the market capitalization scale if excluding the Vingroup group is relatively reasonable.
However, SHS Securities Company also noted that currently most industry groups have a short-term and medium-term trend of adjustment or accumulation. Therefore, in June, if the market quality and VN-Index trend do not improve, as well as the index does not maintain the support level around 1,850 points, SHS assesses that VN-Index may be under adjustment pressure to the 1,750-1,800 point zone.
TPS Securities offers the opinion that the trend of decreasing trading volume during the adjustment period is often a characteristic of a relatively healthy adjustment period, in which new cash flow is still cautious and investors are not willing to sell at any cost.
Although the market is facing certain challenges in the short term, experts from TPS Securities Company believe that the medium-term upward trend is still maintained, as VN-Index continues to move on important moving averages MA50, MA100 and MA200 days. Accordingly, potential support zones that may help the market recover include the 1,800-1,810 point zone and the 1,740 point zone.
Recognizing that the risk of the market continuing to adjust to retest near support zones is the main scenario, especially if demand does not improve soon in the next sessions from June 2nd, Aseansc Securities Company recommends that short-term investors should prioritize risk management, reduce the proportion in technical recovery and absolutely avoid using leverage, only consider disbursing when clear bottom-fishing signals appear with explosive liquidity, focusing on stock groups with their own story.
Meanwhile, for medium and long-term investors, Aseansc believes this is a suitable time to start partially exploratory disbursement in medium-term support zones, prioritizing stocks with solid fundamentals and staying away from volatile or illiquid industry groups.
