Last week, the stock market plummeted by more than 90 points.

Last week, the stock market witnessed a sharp correction, with the VN-Index falling by more than 90 points after four consecutive weeks of gains.

At the beginning of the week, the index performed positively, surpassing the 1,750-point mark and reaching a short-term peak. However, over the next four sessions, the market continuously corrected, with the decline widening.

Real estate stocks fell sharply on December 12. (Screenshot)

Selling pressure spread across the market, especially in the real estate sector and Vingroup 's stocks, as this group no longer played the role of supporting the index as in previous weeks.

The downward pressure is seen as stemming from heightened caution as the market approaches its historical peak, while liquidity in the interbank market shows signs of strain, creating significant pressure on short-term developments.

This weakness quickly spread to many other sectors, most notably real estate and banking – the two main drivers of the market in recent times. By the end of the week, the VN-Index had fallen by more than 94 points (-5.4%), wiping out the gains of the previous nearly three weeks and showing that the upward trend had been broken.

Market breadth was negative, with most sectors declining. Liquidity increased during sharp declines, indicating dominant selling pressure and a defensive investor sentiment. Foreign investors returned to net selling of VND 5,791 billion on the Ho Chi Minh City exchange, after a week of net buying.

According to experts fromACB Securities Company Limited, given the prevailing downward trend and the lack of signs of market equilibrium, the VN-Index may continue to weaken, heading towards the medium-term bottom around 1,580 points.

Experts from Saigon - Hanoi Securities Joint Stock Company assess that, after peaking, the short-term trend of the market has shifted to correction. This correction-accumulation process may be prolonged. Investors will be more cautious when considering new positions, based on expectations of Q4 2025 business results, 2026 plans, and information on credit growth in 2026, given the relatively strong credit growth in 2025.

Meanwhile, experts from Kien Thiet Vietnam Securities Joint Stock Company believe that the support level of 1,610–1,620 points is expected to help the VN-Index alleviate selling pressure.

With previous buying positions now showing losses, investors should not buy more. If the market rebounds to the 1,670–1,690 point range next week, consider reducing your stock holdings. Conversely, if the index falls sharply to the 1,610–1,620 range, do not panic sell, but continue to observe the market's accumulation process.

Source: https://hanoimoi.vn/tuan-qua-chung-khoan-boc-hoi-hon-90-diem-726800.html