VN-Index fluctuates, small-cap stocks surge.
The market opened on the morning of July 10th with rather sluggish performance, causing the VN-Index to fluctuate around 1,840 points amidst weak capital flows.
Opening the trading session on the morning of July 10th, the market did not record many positive changes as the VN-Index continued to fluctuate in a state of slight volatility and tug-of-war.
The stock market is clearly polarized, while capital flows have yet to concentrate on any single sector strong enough to play a leading role.
The bright spots were only seen in a few individual stocks such as SCR, KHG, TNI, and HSL, which all surged to their upper limit, with trading volumes reaching several million units. Notably, KHG is currently the second most liquid stock on the exchange.
Conversely, PNJ continued to face strong selling pressure, falling by approximately 3-4% with over 1.6 million shares changing hands. This development occurred despite the company having just announced a plan to seek shareholder approval for a share buyback.
The banking sector showed divergence, with TCB (-1.36%), SHB (-0.75%), HDB (+0.37%), MBB (+0.2%), LPB (+1.15%), and CTG (+0.15%). Similarly, the financial services sector also saw divergence, with VIX (-2.8%), SHS (-1.05%), SSI (-1.11%), VND (-0.82%), and HCM (+0.36%).
In the real estate sector, VIC (+0.14%), VHM (-1.14%), PDR (+0.35%), NVL (+1.12%), KHG (+3.89%) and VRE (-0.74%) were positive.
At the close of this morning's trading session, the VN-Index fell 7.52 points to 1,833.18 points (-0.41%) compared to the previous session. Meanwhile, the UPCoM-Index increased by 128.7 points (+0.07%), equivalent to 0.09 points, and the HNX-Index increased by 307.14 points (+0.15%), equivalent to 0.47 points.
Market liquidity reached VND 5,505.27 billion, with 210,000 shares traded. Across the sector, 92 stocks increased, 180 decreased, and 65 fell to their reference price.
According to experts at AIS Securities Company, the VN-Index experienced corrections throughout the trading session, losing the short-term 20-day moving average (MA20). The banking, real estate, and securities sectors saw corrections, while the main support came from the energy sector.
Liquidity remains low and sluggish, reflecting cautious investor sentiment. Short-term correction pressure will persist, with strong support around the 1,800-point level.
Investors should proactively review their portfolios, eliminating underperforming stocks. At the same time, they should prioritize holding stocks with promising profit prospects during the Q2 2026 earnings reporting season.
According to experts at Asean Securities Company, the VN-Index is sending cautious signals as it closed at 1,841 points below the MA10 and MA20 lines, reflecting a weakening state with selling pressure dominating the session, although the RSI and MFI indicators remain neutral, suggesting that selling pressure has not yet truly overwhelmed the market.
Given the current technical context, the base scenario for the next session is that the index will fluctuate within a narrow range before establishing a clearer trend.
Therefore, short-term investors should maintain an average portfolio weighting, avoid chasing prices, and focus on trading within the 1,840 - 1,870 point range, while prioritizing stock groups with unique stories such as state divestment, market upgrades, economic development resolutions, or foreign capital inflow cycles.
