Market inches lower on profit-taking pressure

Market inches lower on profit-taking pressure

The session also saw investors trade more cautiously ahead of two upcoming holiday breaks, contributing to a sharp decline in liquidity.

An MBBank teller talks to a customer at its office. The lender's shares fell 0.76 per cent on Friday, weighing on the market's sentiment. — Photo vietnamplus.vn

Indices closed the week on a negative note, as weak buying momentum, with money staying on the sidelines, was the main driver behind a broader pullback.

On the Hochiminh Stock Exchange (HoSE), the VN‑Index fell 17 points, or 0.91 per cent, to 1,853.29 points. The index spent most of the day hovering around the 1,870-point area, but selling pressure intensified strongly toward the end of the session, pulling the market down.

On the Hanoi Stock Exchange, the HNX‑Index decreased 0.51 per cent to 251.95 points.

Market breadth was negative overall, with 208 stocks rising, 271 falling and 111 unchanged across both exchanges.

The session also saw investors trade more cautiously ahead of two upcoming holiday breaks, contributing to a sharp decline in liquidity.

Total market turnover was reported at over VNĐ21 trillion (US$803 million), equivalent to more than 794 million shares traded.

The largest drag came from the large-cap group. In particular, Vingroup (VIC) and Vinhomes (VHM) took away the most points from the VN‑Index, with VHM down more than 5 per cent.

The banking sector traded negatively across a number of tickers, including Vietcombank (VCB), BIDV (BID), Vietinbank (CTG) and MBBank (MBB). The three banks in the BIG4 group, VCB, BID and CTG, held their 2026 general meeting of shareholders today. 

Some other pillars, however, were seen as supporters such as Techcombank (TCB) and HDBank (HDB), which still gained 2.85 per cent and 1.13 per cent, respectively.

Meanwhile, foreign investors continued to be net sellers on the two main exchanges, offloading over VNĐ1.9 trillion on HoSE and nearly VNĐ2.2 billion on HNX.

Several brokerage firms had predicted the correction in advance.

Saigon - Hanoi Securities (SHS) said the market remains in an uptrend, but short-term overbought conditions and declining liquidity reflect a cautious sentiment. As a result, adjustments are necessary to consolidate the uptrend.

Meanwhile, Beta Securities said that the recent rally depended heavily on leading stocks, leaving market breadth unchanged. This increases the risk of selling returns, consistent with what the session displayed.

The securities firms suggested investors maintain a reasonable allocation, track cash flow, and only deploy capital in stages when the market shows a clear pullback. 

Bizhub