Morning session of April 2nd, 2026: Major indices paused around 0.0% (VN-Index, HNX-Index, UPCOM all at +0.0%), amidst strong market divergence with capital concentrated on a few large-cap and highly volatile stocks. Liquidity in the morning session was unevenly distributed; gains were seen in a few stocks hitting/approaching the ceiling price, but the risk of market divergence remained clear.
Overview of the trading session
During the morning session, the market showed clear divergence: the main indices fluctuated narrowly around the 0.0% mark. Liquidity was concentrated in a few large-cap stocks, indicating selective capital flow between sectors. The major indices have not yet confirmed a consensus trend.
Outstanding stock group
On the HOSE exchange, the group of stocks that surged was led by those hitting or nearing their ceiling price, while some others experienced sharp declines, reflecting the rotation of capital flows.
- The biggest increase (HOSE):
- SMA : price 9,960 VND, +7.0%
- TNI : price 4,620 VND, +6.9%
- COM : price 33,250 VND, +6.9%
- Sharpest decline (HOSE):
- VRC : price 12,650 VND, -7.0%
- STG : price 32,500 VND, -6.9%
- SBV : price 7,000 VND, -6.7%
Liquidity & Cash Flow
Liquidity in the morning session was concentrated in a few large-cap stocks, indicating that money still tends to flow between the banking, real estate, and financial services sectors.
- Top Volume (Stock Volume):
- SHB : 1,504,310 shares
- VHM : 925,400 shares
- SSI : 698,390 shares
Industry analysis
The industry heatmap shows divergence among groups: Real estate and financial services have some positive stocks, while retail and construction materials remain mixed.
Key technical signals
Some stocks are showing positive technical signals according to composite point systems and momentum indicators, but the RSI is in the neutral zone, suggesting that the momentum is not yet strong enough to extend the trend.
- Signal (HOSE):
- PAN : Composite score 71.2 — RSI 50 (neutral), MACD bullish, EMA bullish
- TRA : Composite score 70.8 — RSI 49 (neutral), MACD bullish, EMA bullish
- HDG : Composite score 70.5 — RSI 55 (neutral), MACD bullish, EMA bullish
Developments on other exchanges
On the HNX, the market fluctuated widely, with some stocks hitting the ceiling price like PTX (+10.0%) and others experiencing sharp declines like DDG ( -10.0%). The UPCOM market continued to show strong volatility, with UPC increasing by +39.7% and PJS decreasing by -39.9%.
- HNX — Notable Increases/Decreases:
- PTX : +10.0%, price 23,100 VND
- Ranking : +9.8%, price 12,300 VND
- DDG : -10.0%, price 900 VND (Volume 386,650)
- UPCOM — Notable Increases/Decreases:
- UPC : +39.7%, price 31,300 VND
- GER : +25.0%, price 4,000 VND
- PJS : -39.9%, price 18,500 VND
Prospects & Risks
Short-term outlook leans towards a selective recovery scenario, with many technical indicators at neutral to positive levels, but the risk of divergence remains high. Investors need to closely monitor cash flow and key technical levels before expecting a widespread trend.
- Short-term support levels to watch: the areas around blue-chip stocks and high trading volume this morning (e.g., SHB , VHM ).
- Short-term resistance levels: the levels near the current prices of leading stocks such as SMA , TNI , and COM .
- Events to watch: volume fluctuations in the banking and real estate sectors, and the release of macroeconomic news for the day.
Note: This data is for analytical and reference purposes only; it is not investment advice.