The stock market opened above its reference level. After initial trades at the opening price, the VN-Index quickly surged by nearly 13 points, testing the significant psychological threshold of 1,800 points.
However, selling pressure quickly intensified, pulling the index below its reference level to around 1,775 points. The market then slightly recovered, gradually turning green by lunchtime, primarily due to contributions from Vingroup group stocks.
In the early afternoon, the main index continued to hold above its reference level, at one point pushing back to the 1,790-point region. Increased selling pressure after 2 PM caused the market to turn red again, oscillating around the reference level. The VN-Index closed the first session of the year above 1,788 points, accumulating nearly 4 points compared to the previous year-end closing level.
Despite the index gain, the HoSE saw 233 declining stocks, 2.3 times the number of rising stocks. Throughout most of the trading day, a "green shell, red core" situation dominated, indicating a broad market decline beneath the headline index rise.
The VHM and VIC duo acted as the market's main support today. Vinhomes (VHM) shares surged to their ceiling price of 132,600 VND per unit in the latter half of the afternoon. Its liquidity was the second highest in the market, reaching nearly 1.323 billion VND. Vingroup (VIC) shares closed up 2.1% at 173,100 VND, with liquidity exceeding 1.140 billion VND, ranking 4th highest.
Additionally, two other "Vin family" codes, VRE and VPL, were among the top 10 stocks positively impacting the overall index. These four stocks collectively contributed nearly 17 points to the VN-Index.
Conversely, the securities and banking sectors recorded the weakest performance. VIX stood out with the highest market liquidity, reaching nearly 1.742 billion VND. Its market price briefly hit the floor before closing down 6.7%. The overall index was also negatively impacted by GEE, VPB, LPB, HPG, and VCB.
Total liquidity for the first session of the year reached over 25.500 billion VND, nearly 3.200 billion VND higher than the final session of the previous year. However, this figure remained at an average level, indicating continued investor caution and a preference for observation.
Today, foreign investors net sold approximately 733 billion VND. VIC, VIX, FPT, and SHB were among the stocks with over one hundred billion VND in net selling during this session. However, foreign investors actively accumulated STB and VRE.
Since late 2025, the Vingroup group's upward momentum has been a key driver for the VN-Index's positive trend. Vietcombank Securities (VCBS) noted in a report last week that, given the current market conditions, investors might consider deploying capital into stocks attracting active cash flow and those with significant upside potential compared to their recent old peaks. However, VCBS advised caution with stocks nearing their previous peaks to avoid potential short-term corrections as the VN-Index approaches the 1,800-point area in upcoming sessions.
Tat Dat
