VN-Index rises for the third consecutive session, up 17 points to 1,775

Vietnam’s stock market signaled a clearer recovery as the VN-Index rose 17 points to 1,775, while liquidity edged up to nearly 23.5 trillion dong.

The Ho Chi Minh City benchmark extended gains for most of the session, at times up nearly 30 points and briefly breaching 1,780. Gains later narrowed to 17 points, closing near the short-term resistance area. This marked the third consecutive session of gains, bringing the cumulative increase to 40 points.

Market development: large-caps lead, gains narrow near resistance

Trading continued to favor large-cap stocks, with the index staying in positive territory throughout the session. The VN-Index’s rise was accompanied by a healthier breadth than earlier in the move, as the large-cap basket avoided the “green on the outside, red on the inside” pattern—meaning the index rose while fewer stocks declined.

The VN30 rose more than 20 points, with 21 stocks closing above the reference—nearly three times the number of decliners.

Analyst view: consolidation and recovery, but avoid chasing

In this week’s market report, Kafi Securities said the near-term trend leaned toward consolidation and recovery. Analysts noted that if the index clears 1,760 while liquidity remains high, it could extend the recovery above 1,800.

Kafi also pointed to money rotating among sectors as evidence of supply absorption, supporting a scenario of establishing a new price floor rather than a deep correction. Still, the brokerage advised investors not to chase rallies and instead wait for a market correction to deploy capital.

Sector performance: banking up, oil and gas mixed to down

More than 170 stocks advanced on the Ho Chi Minh City exchange versus 135 that declined. Banking stocks were the strongest performers, though gains were modest among large caps. VPB and ACB rose more than 1%, while HDB, SHB, TPB, TCB, and CTG moved 0.5%–1% from the reference.

Within banking, some names corrected sharply, including STB, MSB, and VIB.

In oil and gas, red dominated. GAS and PLX fell 1.7% and 1.4%, respectively, while BSR reversed about 4% after an early-week rally.

Real estate delivered mixed results. QCG led declines, down 2.8% to below 14,000 dong. Several developers closed in the red, including Novaland, Nam Long, An Gia, and Phat Dat. On the upside, Vingroup, TTC Land, and DIC Corp supported the market.

Key contributors and liquidity

VIC was the largest positive contributor to the VN-Index, adding 9 points. The stock rose another 3.4%, surpassing 165,000 dong. Other names contributing positively included VHM, HPG, TCX, ACB, and HDB.

Market liquidity in Ho Chi Minh City totaled nearly 23.5 trillion dong, up 1 trillion dong from the previous session. HPG and SHB attracted strong buying interest, with order-matched values reaching 1,760 billion dong and 1,480 billion dong, respectively.

Foreign flows: return to net buying

Alongside the three-session rise, the market received a positive signal from foreign investors returning to net purchases. Foreign investors bought more than 2,300 billion dong and sold about 2,160 billion dong, resulting in net buying.

Purchases focused on Hoa Phat and MBBank.