In the past week, VN-Index decreased by 1.81% in the past week, losing the support zone of 1,850 points. SHS Securities commented that the market last week performed less positively in the context of unfavorable global financial markets and increased tensions in the Middle East. Selling pressure prevailed, especially after VN-Index could not maintain the short-term psychological support zone.
VN-Index fell sharply in the first session of the week with sudden increase in liquidity. In the following two sessions, the index recovered to retest the resistance zone around 1,850 points but continued to face strong selling pressure in the last session of the week. At the end of the week, VN-Index decreased by 1.81%, to 1,828.34 points, while VN30 decreased by 1.58%, to 1,970.82 points, both below important resistance levels.
Market breadth is quite negative as most industry groups have decreased. Except for the oil and gas group recovering thanks to oil prices rebounding, the electricity, rubber, industrial parks, securities, technology, telecommunications, retail, insurance, seafood, port and aviation groups are under strong selling pressure. Market liquidity increased, with trading volume 3.5% higher than last week. Foreign investors continued to net sell on HOSE with a value of 2,387 billion VND.
On the derivatives market, futures contract 41I1G7000 closed the session at 1,976.5 points, down 0.89% compared to the previous session and higher than VN30 by 5.68 points. Total contract trading volume increased by 16.8%. SHS said that traders increased speculative positions, leaning towards the possibility of VN30 recovering slightly after strong selling pressure, but still prioritizing risk prevention when the index encounters resistance zones.
For the underlying market, SHS believes that the short-term trend of VN-Index becomes less positive when it does not maintain the supporting trend line around 1,850 points, thereby increasing selling pressure. In the short term, the index is under adjustment pressure to the 1,770-1,800 point zone, corresponding to the lowest price zone of June 2026. VN30 is also under adjustment pressure to the 1,950 point zone.
According to SHS, VN-Index has not improved the trend as large-cap, leading stocks are still in the process of adjusting, accumulating and waiting for Q2 business results. Short-term investor sentiment has become more pessimistic as selling pressure stops losing, reduces the proportion of speculation and leverage increases, in the context that margin balance at the end of Q2/2026 of securities companies is still increasing sharply compared to Q1.
SHS recommends that investors maintain a reasonable portfolio proportion, prioritize stocks with good fundamentals, maintain leading positions in strategic sectors and have outstanding growth prospects for the economy.
