The market reversed course and corrected, Vin shares surged to the ceiling price.
After two positive trading sessions, the market reversed course and plunged into the red on the morning of April 2nd.
During the morning trading session on April 2nd, the VN-Index maintained its positive momentum for the first few hours after opening, although the overall market sentiment was mixed, limiting the upward trend.
By 10:30 AM, the market quickly reversed course and corrected due to increased selling pressure across the board. The VN-Index fell by approximately 10 points, with the number of declining stocks more than three times the number of rising stocks, and the VN30 group exerting the main pressure on the market.
Meanwhile, VHM shares are the focus of the market. With strong buying demand, VHM is currently at its ceiling price with the second highest trading volume in the market.
At the close of this morning's trading session, the VN-Index fell 8.16 points to 1,694.77 points (-0.48%) compared to the previous session. Similarly, the HNX-Index decreased by 250.43 points (-0.41%), equivalent to 1.03 points, and the UPCoM-Index decreased by 127.29 points (-0.26%), equivalent to 0.33 points.
Investors' attention was focused on Vingroup shares as VHM (+6.99) hit the ceiling price, VRE (+1.27%), while only VIC (-0.85%) saw a slight decrease.
Real estate stocks also declined as the market corrected, including PDR (-1.54%), CEO (-1.2%), DXG (-0.69%), TCH (-1.71%), and NLG (-2.5%).
Similarly, the financial services group saw SSI (-0.72%), VND (-0.92%), SHS (-2.29%), VIX (-1.47%), and VCI (-1.1%). Likewise, the banking group saw BID (-1.12%), MBB (-0.94%), VPB (-2.05%), ACB (-1.47%), and CTG (-1.29%).
The food and beverage group included MSN (-1.43%), VNM (-0.16%), BAF (-0.43%), HAG (-1.22%), and PAN (-0.47%).
Conversely, the same trend occurred in the chemical group with DCM (+0.44%), DGC (+0.99%), and DPM (+1.21%).
According to statistics, within the VN30 group, only 4 stocks increased, 2 stocks fell to the reference price, and 24 stocks decreased. Market liquidity reached VND 10,184.867 billion with over 315,000 shares traded.
From a technical perspective, experts at Vietcombank Securities Company believe that the VN-Index closed the April 1st session with a red candle around the 1,700-point mark, reflecting significantly increased profit-taking pressure in the latter half of the session.
On the daily chart, the MACD technical indicator has formed a bottom, and the Signal line has crossed the MACD line from below, indicating that strong buying pressure is being maintained in the market.
The index has successfully broken through resistance at the MA20 line, equivalent to the 1,685-point level, so it is highly likely to maintain its upward momentum in the coming sessions, with the next resistance level around 1,720 points.
On the hourly chart, the ADX indicator continues to trend upwards and the DI- indicator continues to trend downwards, suggesting that selling pressure has somewhat subsided. Simultaneously, the index has risen above and is above the Senkou Span B cloud, indicating that the uptrend is being maintained.
However, the RSI indicator has peaked and shown signs of reversal, so there is a high probability that the VN-Index may experience volatility in the coming sessions.
In its market analysis for today, experts from AIS Securities Company believe that the VN-Index recorded a positive recovery session, closing above the psychological threshold of 1,700 points and successfully reclaiming the short-term 20-day moving average (MA20).
Cash flow is spreading positively across many sectors, notably real estate, banking, and securities, while downward pressure remains present in the energy and fertilizer sectors. Significantly improved liquidity indicates that demand is becoming more proactive.
The short-term trend has shifted to an UPWARD state. If it maintains movement above the 1,700 point level, the VN-Index could head towards the nearest resistance zone around 1,750 points (the February 2026 low).
Investors should only hold stocks with strong fundamentals and promising earnings growth prospects in the first quarter of 2026.
