VN-Index Drops 17 Points Before Holiday Break; PC1 Stock Continues Sell-off

The Vietnamese stock market faced a gloomy session on April 24, 2026, as selling pressure intensified across the board, leading to a substantial drop in the VN-Index. The benchmark index shed 17.07 points, closing at 1,853.29, reflecting a broad market decline that also saw the HNX-Index and UPCoM-Index fall. This downturn signals a growing caution among investors, further evidenced by a significant 30% decrease in trading liquidity compared to the prior session.

A particularly concerning development was the continued sharp decline of PC1 stock, belonging to PC1 Group. The stock hit its floor price for the second time in recent trading, extending its losing streak to eight consecutive sessions. This dramatic fall, erasing over 18% of its value, is reportedly fueled by negative rumors circulating on social media and scrutiny related to its past private bond issuances. Such volatility in individual stocks, especially those with significant market presence, can have a ripple effect on investor confidence.

Adding to the market's woes, foreign investors remained net sellers, offloading substantial amounts across various blue-chip stocks. While some domestic large-cap stocks like TCB and VJC provided some support, the overall pressure from major property developers such as VHM and VIC, along with banking and securities stocks, weighed heavily on the indices. This session underscores the prevailing bearish sentiment and the need for clearer market catalysts to restore investor optimism.