After a record decline at the start of the week, the stock market is rapidly recovering. The VN-Index has risen for two consecutive sessions with increasing margins.
The benchmark index for the Ho Chi Minh City Stock Exchange (HoSE) maintained its positive trajectory for most of today's trading session, closing at 1,728 points, nearly 52 points above its reference level. This marks its strongest single-session gain since 8/2025, in absolute terms.
The VN-Index has recovered a total of 75 points over the two recovery sessions but has yet to fully recoup the points lost during the record decline.
The HoSE saw widespread gains, with over 290 stocks rising, 30 of which hit their ceiling price. The VN30 index included three stocks that reached their maximum daily gain: GVR, MSN, and VPL. VIC led the list of stocks contributing most to today's recovery, rising 3% to 146,600 VND. Most of the subsequent stocks were also large-cap constituents.
By sector, oil and gas stocks showed the most enthusiasm. BSR reversed its decline to hit its ceiling price, reaching 36,150 VND, with over 1,3 million shares remaining on the buy side at the close. Key stocks in this sector, such as GAS, PLX, OIL, POW, and PVD, all gained at least 2% from their reference prices.
In the banking sector, gains ranged commonly from 2% to 4%. EIB and VIB shared the lead, both reaching their ceiling prices at one point before narrowing their gains to 6,7% and 6% respectively. BID was the only representative in this group to go against the market trend, closing in the red.
The securities sector also attracted strong bottom-fishing capital. VIX and ORS hit their ceiling prices, while leading stocks like SSI, VND, HCM, and VCI all rose by more than 2%. Conversely, APG fell to its floor price with nearly 13 million shares remaining on the sell side at the floor price, after the company announced a need for restructuring, requiring an extension for its annual general shareholders' meeting.
Liquidity on the HoSE today reached nearly 30,000 billion VND, approximately 12,000 billion VND lower than yesterday. MWG was the focus of capital inflow, attracting nearly 1,500 billion VND, far surpassing subsequent stocks like HPG, SSI, FPT, and SHB.
The market's upward momentum also stemmed from aggressive net buying by foreign investors. This group disbursed over 5,200 billion VND, while selling only about 4,100 billion VND. Steel giant Hoa Phat recorded a net buying volume of over 4 million shares, followed by ACB, MWG, and VPB.
Despite the market's ascent, some securities firms still advise investors to exercise caution with their disbursement decisions. According to Yuanta Viet Nam, short-term risks remain high, and with the market's downtrend, investors "should not rush to bottom-fish at this stage". Experts suggest that investors could use this recovery rally to reduce their stock holdings to a low level.
Phuong Dong
