The VN-Index maintained positive territory for most of today's trading session. Apart from a few minutes where it dipped below the reference level after ATO orders, the general index remained green throughout the morning. However, the market saw significant fluctuations, with a range of over 15 points.

In the afternoon, the HoSE benchmark index performed positively, at one point recording a 21-point increase above the reference. After a slight adjustment following the ATC session, the VN-Index closed at nearly 1,880 points, up almost 19 points from yesterday. The stock market is now at its highest value in one month.

However, the entire HoSE recorded 181 declining stocks, outnumbering the 136 gainers. This indicates low market consensus, a situation often described as "green on the outside, red on the inside" (meaning the overall index looks good, but many individual stocks are falling).

The index's rise was primarily due to one stock: Vingroup's VIC. This stock alone contributed 17.9 points to the VN-Index.

VIC closed up 6.9% at 168,900 VND per share, though it reached its ceiling price of 169,000 VND multiple times during the session. Trades at the ceiling price accounted for over 36% of its total trading volume. Vingroup stock also saw high liquidity, exceeding 1,130 billion VND, ranking third across the market.

VIC's market price improved from a significant decline in the previous session, which had pulled the overall index down. Vingroup's stock is returning to record price levels, only about 5.6% away from its old peak of 179,000 VND (based on closing price).

While the stock market improved its score, liquidity declined. The total trading value on HoSE reached nearly 31,700 billion VND, a decrease of nearly 6,500 billion VND. However, this marks the third consecutive session where liquidity remained above the one billion USD mark.

Foreign investors net sold 3,147 billion VND, the highest level since late August 2025. This selling pressure heavily concentrated on VNM (over 2,128 billion VND) and FPT (over 725 billion VND). Additionally, some other stocks, including VHM, GAS, MWG, and SHB, also saw net selling exceeding one hundred billion VND. Conversely, foreign funds actively accumulated HPG, PNJ, VIC, BSR, and GMD. Among these, Hoa Phat stock recorded nearly 442 billion VND in net purchases.

In its report before the trading session, VPBank Securities (VPX) suggested that the market's condition was not overly negative, as cash flow remained flexible and actively rotated among sectors. Market breadth was relatively balanced, indicating stable investor sentiment and continued pursuit of opportunities in stocks with unique narratives and trends.

Vietcombank Securities (VCBS), at the end of the previous session, recommended closely monitoring market developments. Investors could also select stocks that showed signs of attracting capital for disbursement.

Tat Dat