Right from the beginning of the session, cautious sentiment prevailed in the market. VN-Index fluctuated strongly around the reference level, although the number of stocks increasing in price overwhelmed the stocks decreasing. However, selling pressure in large-cap stocks such as VHM, VIC, VRE, SAB prevented the index from breaking out. In particular, the real estate group VIC, NVL, PDR, TCH, KBC, IDC was under strong selling pressure near the end of the morning session, pulling the index down slightly to 1,223.85 points.

Investors are in a holiday mood, cautious, stock prices fluctuate in a narrow range

In the afternoon session, improved cash flow helped the VN-Index surpass the reference point at times. However, investors' "indifference" at the end of the session, combined with the continued weakness of pillar stocks, caused the VN-Index to close the session in the red. Notably, SAB was sold heavily, falling by 6.05%, taking away nearly 1 point from the main index.

Securities expert Dang Trong Khang commented: "The 5-day holiday mentality makes investors prioritize staying on the defensive and limit opening new positions. The selling pressure is not too strong, but the lack of active cash flow causes the market to fluctuate within a narrow range. This explains why the VN-Index continuously reversed up and down within a small range throughout today's trading session."

Liquidity improved slightly today compared to the previous session, reaching VND15,530 billion, up 9.8%. However, compared to the trading session last Friday, the trading value still decreased by about 24%. The entire market recorded 675 million shares successfully matched, of which the VN30 basket contributed more than VND9,000 billion.

No stock code achieved liquidity of over 1,000 billion VND. Leading the liquidity is VIC with 893 billion VND, followed by SHB (670 billion VND) and TCB (480 billion VND).

After a light net buying session yesterday, foreign investors returned to net selling more than 250 billion VND. The stocks under heavy net selling pressure included VIC (-242 billion VND), SAB (-100 billion VND), VPB (-91 billion VND), FPT (-61 billion VND) and HDB (-51 billion VND). On the other hand, VRE was net bought nearly 157 billion VND.

Diversification across sectors. Banking stocks mostly fell, with EIB dropping the most at 2.1%. SSB, LPB, SHB, MBB also fell around 1%. The construction sector was under pressure with CTD losing more than 2%.

On the contrary, the real estate group recorded positive developments in some codes. VRE, after a sharp decline at the beginning of the session, turned around and increased by 2.38%, reaching its highest price in a year. Codes such as DXG (+3.77%), KSF (+5.49%), FIR (+6.24%), TCH (+0.88%) also recorded good growth.

In addition, shipping stocks unexpectedly surged, led by VSC hitting the ceiling, HAH (+5.94%), VOS (+3.8%). Port stocks such as SPG (+3.8%), GMD (+3.9%), PHP (+5.2%) also recorded significant increases.

This differentiation reflects investors’ careful stock selection, in the context of limited cash flow and the lack of a strong new catalyst in the market. Sectors with expected profit recovery or benefiting from logistics trends still attract demand, despite the general sluggish trend.

Foreign investors net sold more than 250 billion VND in the last session of the month

The VN30-Index decreased by 2.6 points (0.2%), with 17 stocks decreasing/8 stocks increasing. SAB became the biggest "sinner" when it fell sharply and negatively affected the VN-Index. Some other stocks such as VJC (-3.48%), BCM (-1.26%), SSB (-1.08%) also recorded significant decreases.

However, this afternoon's developments showed a recovery effort from large stocks: VIC from a 2.93% decrease in the morning has recovered to the reference, VHM narrowed the decline to 0.17%, VRE reversed to increase by 2.38%. However, the general weakness of the blue-chip group prevented the VN-Index from maintaining the green color.

On the other hand, the group of mid- and small-cap stocks had a more impressive rebound. Some codes such as DCL, TDH, DC4, TCO increased to the ceiling. However, the Midcap index only increased by 0.12% and the Smallcap increased by 0.84%, showing that the recovery scale is still limited.

At the end of the session on April 29, the market officially closed for 5 days to celebrate the April 30 - May 1 holiday. The market will return on May 5, 2025, which is also the time when the new KRX trading system is expected to be put into operation.

Expert Dang Trong Khang said: "It is expected that after the long holiday, the market will have a better chance of recovering thanks to new cash flow and a new trading system that helps improve order matching speed. However, investors need to pay attention to risks from international fluctuations and a cautious mentality after the recent deep adjustment."

The trading session on April 29 ended with a light impression, in line with the early holiday mood of most investors. All expectations are now focused on the first trading week of May, with the hope that the market will have a new upturn.

Source: https://thoibaonganhang.vn/chung-khoan-di-ngang-truoc-ky-nghi-le-tam-ly-nha-dau-tu-than-trong-163548.html