After a sharp correction that breached several key levels, the VN-Index recovered its positive momentum during last week's final trading session. The benchmark index for the Ho Chi Minh City Stock Exchange maintained gains throughout the session, driven by simultaneous increases in Vingroup-related stocks and positive performance from leading banking shares.
The VN-Index closed the session at 1,879 points, marking a 14-point increase from its reference level. Over the entire week, the Ho Chi Minh City Stock Exchange recorded three gaining sessions and two declining sessions, accumulating a total of 12 points. The VN30 index, representing large-cap stocks, climbed nearly 33 points during the final session, closing at 2,080 points.
The market exhibited a "green outside, red inside" phenomenon, where the overall index gained, but the majority of individual stocks declined. Most shares closing below their reference price were found in the mid-cap and small-cap segments.
Sector-wise, banking stocks showed strong divergence. KLB extended its positive streak after listing on the Ho Chi Minh City Stock Exchange, surging nearly 6% to 18,150 VND and leading price movements within the sector. Large-cap banking stocks such as VCB, STB, BID, and LPB followed with modest gains, ranging from 0,6% to 1,5%.
Conversely, HDB faced significant selling pressure following its ceiling-hitting session yesterday. The stock declined by nearly 4%, significantly lagging behind its sector counterparts. VIB, CTG, SHB, MBB, EIB, and OCB also recorded losses, ranging from approximately 0,5% to 1%.
The real estate sector followed a similar pattern. Stocks linked to Vingroup, including VIC (4,5%), VHM (3,4%), VRE (1,7%), and VPL (0,8%), saw gains. Shares of developers NVL and QCG also moved in line with the broader market trend. However, stocks like CII, PDR, NLG, and KDH all closed lower.
The oil and gas sector experienced selling pressure during last week's final session. OIL, BSR, GAS, and PVC all declined by more than 1,5% from their reference levels. While PVT and PLX saw gains, their increases were modest, not exceeding 0,5%.
The market displayed unfavorable signals as liquidity dropped for the third consecutive session, falling below 35,000 billion VND. The large-cap segment remained a significant contributor, accounting for nearly 21,000 billion VND.
FPT topped the liquidity charts with nearly 2,500 billion VND. The stock hit its daily trading limit, closing with an outstanding buy volume of 4,3 million shares. HPG, SSI, MSN, and VIX followed in matched order value, each recording approximately 1,300-1,800 billion VND.
Foreign investors extended their net selling streak to a fourth consecutive session, divesting over 1,120 billion VND—the highest amount recorded since the beginning of the year. The primary targets of this net selling pressure were VIX, VRE, and SHB.
Phuong Dong
