Vietnam stocks experience the sharpest decline in history

The entire market was covered in red, especially on the HoSE with 517 stocks decreasing in price, of which 282 stocks decreased by the full limit. On the HNX and UPCoM, a similar situation occurred when the HNX-Index decreased by 7.22% to 220.95 points and the UPCoM-Index lost 8.17% to 90.58 points.

Investors panicked, leading to widespread sell-offs. In the VN30 basket, 28 stocks hit the floor, with a large amount of selling volume but no significant corresponding demand. Stocks such as SSI, SHB , HPG, VPB all recorded selling volume of millions of units. Notably, Vinamilk's VNM stock also fell close to the floor, although it was still trading around the reference level during the previous session.

On April 3, 2025, the electronic board was dyed red, VN-Index plummeted.

Despite strong selling pressure, buying cash flow also increased significantly. The total transaction value of the entire market reached more than 44,000 billion VND, the highest level since the beginning of the year.

This biggest drop in history is believed to have been due to the US unexpectedly announcing high reciprocal tariffs on Vietnamese goods. This information has negatively impacted investor sentiment, causing them to worry about a possible decline in exports, affecting the profits of many listed companies.

Not only Vietnam, Asian stock markets were also under pressure to correct but the decline was significantly lower. Japan's Nikkei 225 index lost 2.77%, China's Shanghai Composite fell 0.24%, while Thai stocks fell 1.14%.

Foreign investors continued to sell off their stocks strongly with a total net selling value of approximately VND3,700 billion. The stocks with the most net sales included MBB (30 million shares), TPB, TCB and SSI. In contrast, foreign investors increased their net buying of Vincom Retail's VRE shares with more than 1.6 million units, helping this stock narrow its decline.

Despite the market plunge, some mining stocks rose sharply, even hitting their ceiling prices. YBM rose 6.7% to VND16,750, KSV increased by the full 10% margin to nearly VND250,000, while MGC increased by 15% to VND25,000.

In addition, Sacombank 's STB shares recorded extraordinary liquidity with more than 83 million matched units, equivalent to a transaction value of more than VND3,100 billion. Despite being net sold more than 7 million shares, STB still had strong demand from domestic investors, helping the shares escape the floor price and end the session down 6.5%.

According to experts, this sharp decline reflects investors' panic rather than the internal problems of listed companies. Mr. Han Huu Hau, a market analyst, said that in danger there is opportunity, as the corresponding demand is still very strong. This is shown by market liquidity reaching a record level of VND39,630 billion, with more than 1.76 billion shares changing hands on HoSE.

However, Mr. Hau recommends that investors should not rush to buy at the bottom but should monitor market developments in the coming sessions. "Don't buy massively, calmly choose stocks, because no one is sure whether the market has bottomed or not," he said.

With the emergence of strong absorption demand, the market may soon rebalance, but the short-term trend still depends on macroeconomic developments and investor sentiment.

Source: https://thoibaonganhang.vn/chung-khoan-viet-nam-trai-qua-phien-giao-dich-giam-manh-nhat-lich-su-162228.html