Overview of the trading session

During the midday session of April 3, 2026, the market picture showed strong divergence: major indices such as VN-Index, HNX-Index, and UPCOM-Index fluctuated near the reference level, indicating a short-term equilibrium. Money flowed between different stock groups, leading to large price swings in many stocks.

Outstanding stock group

On the HOSE exchange, the leading stocks in the upward trend included TNI (+6.9%), COM (+6.9%), and FUEABVND (+6.7%). Downward-trending stocks included DCL (-6.9%), NVT (-5.7%), and CCI (-5.4%), reflecting alternating buying and selling pressure across different sectors.

Liquidity & Cash Flow

Liquidity was concentrated in a few large-cap stocks: SHB led with a volume of 2,442,330 shares (priced at VND 14,700), followed by NVL with a volume of 1,565,320 (priced at VND 14,450) and HCM with a volume of 1,397,350 (priced at VND 24,200). Money flow tended to alternate between different capitalization groups, indicating that short-term investors were seeking opportunities for quick profits.

Industry analysis

The leading sectors in the session included Real Estate, Financial Services, and Chemicals. Within the Real Estate sector, demand surged around large-cap stocks like VHM , NVL , and VIC , contributing to the overall market support. Several sectors weakened, such as Retail, Industrial Transportation, and Pharmaceuticals, showing a divergence in capital flows.

Key technical signals

PAN — composite score 70.6; RSI 47 (neutral), MACD rising, EMA rising: short-term signals are leaning towards positive.

SIP — composite score 70.3; RSI 59 (neutral), MACD rising, EMA rising: likely to continue attracting short-term capital inflows.

REE — composite score 69.6; RSI 56 (neutral), MACD rising, EMA rising: similar technical signals, note the volume confirming.

Developments on other exchanges

On the HNX exchange, stocks with strong gains included SPC (+10.0%, price 11,000 VND), BXH (+9.8%, price 12,300 VND), and PJC (+9.7%, price 30,600 VND). The most notable decliner was KSQ (-15.0%, price 1,700 VND, volume 86,940). On UPCOM, significant fluctuations were seen in ONW, which increased by +38.9% (price 5,000 VND), while PJS decreased by -39.9% (price 18,500 VND); UPCOM liquidity was concentrated in ACM with 151,560 shares traded.

Prospects & Risks

In the short term, the market continues to face high volatility risk due to the rotation of capital between different stock groups and strong divergence. Short-term support may come from large-cap stocks in the Real Estate and Financial Services sectors, but this needs to be confirmed by volume. The main risk is the large price swings and the potential for sharp corrections in some highly speculative stocks.