VN-Index falls for 7 consecutive sessions.

The Vietnamese stock market has yet to find a concrete driver for recovery. Photo: Phuong Lam .

The Vietnamese stock market continued to experience a challenging trading session on June 3rd, with the correction trend showing no signs of ending.

Demand remained cautious while capital was not yet ready to return to leading stock groups, causing the VN-Index to continue to face pressure from the opening minutes. Similar to recent sessions, the market lacked upward momentum as no sector was strong enough to act as a driving force.

Liquidity across all three exchanges reached approximately 22,000 billion VND , a slight increase of 5% compared to the previous session. However, trading volume remains low compared to the average of recent months, reflecting the caution of investors and the wait-and-see attitude of most investors.

At the close of trading, the VN-Index fell 7.46 points (-0.4%) to 1,819.01 points; the HNX-Index rose 2.69 points (+0.9%) to 317.48 points, while the UPCoM-Index fell 0.37 points (-0.3%) to 125.62 points.

On the positive side, the divergence in the market has somewhat subsided. Green dominated the trading board with 381 stocks rising (including 17 that hit the ceiling price), 877 stocks remaining unchanged, and 296 stocks falling (including 14 that hit the floor price).

Large-cap stocks also performed better than the overall index. The VN30 basket recorded 20 gainers, 3 unchanged stocks, and only 7 losers. As a result, the VN30-Index ended its previous correction and rose nearly 2 points to 1,974 points.

VN-Index fell for the seventh consecutive session. Photo: TradingView.

However, the support from blue-chip stocks was not enough to help the VN-Index maintain its positive momentum. The biggest pressure continued to come from the real estate sector, with many large-cap stocks performing negatively, notably VIC (-3.6%), VHM (-1.6%), VRE (-3.1%), NVL (-4.2%), CRV (-3%), and VPI (-2.3%).

In addition, the market was also pressured by some large-cap banking and consumer stocks such as LPB (-5.7%), TCB (-1.1%), STB (-0.8%), and VNM (-0.5%).

Conversely, support mainly came from key blue-chip stocks including GAS (+2.8%),ACB (+3.6%), MBB (+2.2%), HPG (+1.9%), MSN (+2.6%), FPT (+2.8%), VCB (+0.5%), HDB (+1.2%), BID (+0.5%), and VND (+4.7%). These stocks helped the market avoid a deeper decline.

Foreign investors also significantly increased their trading volume during the session. On the buying side, foreign capital focused heavily onFPT shares with a net buying value of over 566 billion VND .SHB and SHS shares also saw net buying of approximately 88 billion and 70 billion VND respectively.

However, selling pressure remained dominant, causing foreign investors to maintain a net selling position of over 600 billion VND across the entire market. The selling pressure was mainly concentrated on ACB with a net selling value of approximately 392 billion VND , followed by VHM ( -211 billion VND ) and VIC ( -162 billion VND ).