HCMC – Vietnam’s stock market saw the investor sentiment improving today, April 4, despite sharp losses in key indexes, with total market liquidity amounting to VND45 trillion amid continued margin call pressure.
In early trade, the VN-Index of the Hochiminh Stock Exchange plunged by over 70 points due to a massive sell-off triggered by margin calls. However, demand gradually picked up, helping narrow the losses. By the afternoon session, heavy supply persisted, briefly driving the index down by more than 40 points before blue-chip stocks regained upward momentum.
At the close, the VN-Index still shed 19.17 points, or 1.56%, to close at 1,206.33 points, with 138 winners and 345 losers.
Key gainers included VIC, LPB, VNM, VHM and STB, which helped ease the market’s losses and restoring some positive sentiment. Notably, LPB hit its ceiling price of VND32,950, offering strong support to the VN-Index.
Foreign investors remained net sellers, offloading stocks worth VND5.83 trillion while buying VND4.1 trillion, resulting in around VND1.73 trillion worth of shares being net sold.
FPT saw the largest net foreign selling value, at over VND609 billion, followed by VCB, SSI, and TPB, with each recording net sell value ranging from VND196 billion to VND390 billion.
On the buying side, GEX attracted the most foreign inflows with nearly VND370 billion, while SHB followed with over VND173 billion. Other notable buys included HVN, KDH and VIC.
Lender SHB took the lead by liquidity on the southern market with over 138 million shares changing hands.
Within the VN30 basket, only three stocks, BCM, GVR and BCH, fell to their floor prices. Nine stocks posted gains while 20 others lost ground and one remained flat. The VN30-Index edged down by 0.21% to 1,280.52 points.
On the northern market, the HNX-Index lost 3.97 points, or 1.8%, ending at 216.53 points, with 72 advancers and 97 decliners. Trading volume on this exchange totaled 129.4 million shares worth nearly VND1.85 trillion.
