Stock market liquidity drops sharply before holidays

Customers transact at the headquarters of Bao Viet Securities Company. (Photo: Tran Viet/VNA)

The stock market this morning faced "shaky" pressure due to early holiday sentiment, low liquidity and stock groups fluctuating within a narrow range.

At the end of the morning session on April 28, VN-Index decreased by 3.69 points to 1,225.54 points. Trading volume reached more than 289 million shares, equivalent to nearly VND5,861 billion. The entire floor had 204 stocks increasing in price, 254 stocks decreasing in price and 81 stocks remaining unchanged.

HNX-Index decreased 0.24 points to 211.48 points. Trading volume reached more than 17.8 million shares, equivalent to more than 295.6 billion VND. The entire floor had 69 stocks increasing in price, 59 stocks decreasing in price and 67 stocks remaining unchanged.

UPCOM-Index decreased 0.18 points to 92.09 points. Trading volume reached more than 23.1 million shares, equivalent to nearly 253 billion VND. The entire floor had 125 stocks increasing in price, 104 stocks decreasing in price and 68 stocks remaining unchanged.

The VN30 basket of stocks had 16 stocks decreasing in price and only 12 stocks increasing in price; in which, stocks with sharp decreases were VJC down 3.3%, SHB down 2.34%, FPT down 1.87%, PLX and VHM both down 1.61%, BID down 1.57%, GVR down 1.47%...

On the upside, SSB increased by 3.04%, Sab increased by 1.41%, VRE increased by 1.32%. The remaining codes had small increases, all under 1%.

In fact, stock trading this morning was quite gloomy. There was no clear upward or downward trend among the stock groups. Green and red were mixed in many stock groups.

Pinetree Securities Joint Stock Company said that the stock market will continue to be unpredictable due to the impact of many uncertain factors.

Any moves on tax or trade policies from the two major economies , the US and China, could have a direct impact on domestic market sentiment.

Besides, internal factors also begin to play a bigger role when a series of businesses announce their business results for the first quarter of 2025.

Cash flow is likely to be strongly differentiated by industry group and specific stocks, especially stocks with good fundamentals, maintaining positive profit growth rates or benefiting from the economic recovery cycle.

Pinetree Securities noted that the market is currently still in an "information-sensitive" zone, where psychological factors can easily overwhelm fundamental factors in the short term. This could cause the VN-Index to continue to fluctuate strongly around the resistance zone of 1,230-1,235 points - where there is some profit-taking pressure.

In a positive scenario, the market could return to the resistance zone of 1,265 points. However, it is likely to move towards a defensive scenario as uncertainties in macro information are still dominating market sentiment. Currently, the closest support for the VN-Index is the 1,200 point zone. If this zone is broken, the index could return to the 1,170 point zone.

Tien Phong Securities Joint Stock Company (TPS) predicts that in today's trading session, the market will face pressure due to early holiday sentiment, while the VN-Index is entering a strong resistance zone of 1,230-1,240 points.

This is an opportunity for investors to re-evaluate their portfolios and increase cash ratios to guard against unexpected market corrections.

Source: https://baobinhphuoc.com.vn/news/4/172134/thanh-khoan-thi-truong-chung-khoan-giam-manh-truoc-nghi-le