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The VN-Index extended its rebound in leading stocks, closing the session above the 1,900-point threshold. While the index has not fully moved away from the prior historical peak, the near-term outlook remains constructive if leading names continue to align. Cash flow also appeared highly selective, concentrating in a limited number of stocks.
The HoSE benchmark index closed this morning up 0.8% (15.2 points) at 1,906.4 points. The VN-Index’s prior all-time high was 1,918.46 points on January 14, 2026. This session’s move is notable because the index officially broke through the historic peak.
VIC and VHM drove the index higher. VIC rose 1.82% and VHM rose 3.11%, together contributing nearly 11 points. Other mid-cap gainers included MSN up 3.19%, LPB up 3.85%, and GVR up 1.4%.
VN30 breadth was 15 gainers and 13 losers. The representative index rose 0.97%, with only three notable decliners falling sharply: GAS (-2.78%), PLX (-2.69%), and DGC (-2.69%), alongside SAB (-1.57%).
Despite blue-chips providing the main price momentum, money flow was not broadly dominant. The VN30 basket accounted for 47.9% of total HoSE matched value this morning, the lowest in 15 sessions. MSN attracted sudden cash flow as liquidity surged 6.8 times yesterday to VND 830.9 billion. MSN was also among the strongest gainers in the blue-chip group, with domestic demand prevailing.
Foreign investors’ net buying contributed about 25.7% of MSN’s liquidity, representing the highest net buying in the market at VND 191.6 billion.
HoSE breadth was not overwhelmingly skewed: the exchange closed with 147 gainers and 142 losers. Matched value, however, was more concentrated in the rising group, with 61.4% of matched value in gainers and more than 40% of matched value concentrated in the top 61 stocks that rose by at least 1%.
Stocks in the securities sector—leaders of the rally yesterday—cooled. Only a few rose more than 1%, while most moved modestly or tracked the index: SSI (-0.35%), HCM (-1.23%), VND (+0.6%), VCI (-0.94%), VCK flat, and VPX (+0.35%).
On the decliners’ side, selling appeared gradual rather than abrupt. HoSE had 51 stocks down more than 1%, but only 17 had turnover above VND 10 billion. NVL remained in a downtrend: it was up 2.33% intraday but finished down 3.5%, with liquidity of VND 477.2 billion. Other clear sellers included VPI (-1.15%, VND 162.3 billion), DGC (-2.87%, VND 122.8 billion), BSR (-2.43%, VND 121.6 billion), and VCI (-1.13%, VND 116.6 billion).
Foreign investors’ net buying on HoSE rose 55% versus the previous morning, but net selling remained larger overall. The net position stood at -278.2 billion, the lowest in five morning sessions. Foreign investors bought MSN strongly at VND 191.6 billion. Other notable buys included GEX (+82.7), VIC (+44.3), GEE (+35.5), and GMD (+34.8).
Breaking above 1,900 points is a positive technical signal, but it does not automatically confirm an uptrend. The “lead-stock pulling” effect has kept investors cautious. HoSE matched turnover rose 39% to over VND 11.936 trillion this morning, the highest in seven sessions, while capital into the VN30 basket was weaker.
Money also appeared to shift toward mid- and small-cap stocks, which have underperformed recently, with some names declining even as the index rose.
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