The stock market bulletin records notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a bulletin.
“"Overwhelmed" by liquidity, a series of stocks surge to the top.
The market surged as the trading volume on both exchanges exceeded 40 trillion VND after a series of 60 sluggish sessions. Despite blue-chip stocks like VIC and VHM hitting their lower limits, investor sentiment remained buoyant, with price increases spreading across the entire market.
- Signal: Positive
- Impact on: VIC, VHM, FTS, DSE, AGR, ORS, SSI, BSI, HCM, VCI
- Analysis: The strong recovery in liquidity is a positive signal for short-term cash flow, indicating that investors are returning to the market. Securities stocks reacted strongly to this trend, opening up opportunities for short-term trading. However, caution is needed with rapidly rising stocks as the risk of correction may occur if there is no sustained cash flow. Investors should apply a strategy of taking partial profits on stocks that have risen sharply.
Record liquidity in 12 weeks, stock prices surge.
The VN-Index was influenced by Vingroup's group of stocks; however, the market still showed inherent strength as the number of rising stocks outnumbered the rising ones. The banking and securities sectors played a leading role, with many stocks reaching their maximum allowed price increase and attracting large capital inflows.
- Signal: Positive
- Impact on: HNX, VIC, VHM, VPL, VRE, VCB, BID, VPB, CTG, TCX
- Assessment: With financial stocks leading the market with high liquidity, this signals a strong recovery trend. In the short term, investors can continue to invest in leading stocks that benefit from credit growth and high transaction speeds. However, in the medium term, attention should be paid to interest rate fluctuations and monetary policy that may affect banks' profit margins. Risk management should be achieved by allocating appropriate weightings according to a capital rotation strategy.
Insurance companies and those with high cash reserves benefit from rising interest rates.
Deposit interest rates at banks have seen a slight increase since the fourth quarter of 2025. This has had a positive impact on businesses with strong financial structures, large amounts of idle cash, and a high proportion of income from deposits, such as insurance companies and infrastructure companies.
- Signal: Positive
- Impact on: SSI, CTG, MBB, VPB, VCB, HPG, PLC, BMP, VLB
- Assessment: Rising interest rates will improve the financial returns of companies with strong cash flow, especially insurance and large-scale industrial manufacturing. This group could become a medium-term pillar when other stocks face margin pressure. The appropriate strategy is value investing, accumulating stocks with solid financial foundations and guaranteed stable dividends. In the long term, this group has good defensive capabilities against cyclical risks.
SGI Capital warns the growth cycle may be nearing its end.
SGI Capital believes that warning signs such as sharply increased margin levels, continued rising interest rates, and sluggish liquidity in the asset market could signal a correction cycle. Investors need to monitor sentiment and technical signals in the coming sessions.
- Signal: Neutral
- Impact on: SGI, FTSE, SIP, MWG, FMC, PNJ, PLX, SAB, TLG
- Assessment: The simultaneous increase in margin and interest rates, coupled with a lack of significant liquidity growth, could lead to short-term market correction pressure. During this sensitive period, a defensive strategy, maintaining a high cash balance in the portfolio, is necessary. Prioritize stocks with attractive valuations, stable cash flow, and minimal reliance on borrowed capital. Investors should also avoid FOMO (Fear of Missing Out) to mitigate the risk of technical corrections.
The VN30 index is predicted to potentially replace state-owned real estate stocks.
Mirae Asset Securities has raised the possibility of a stock swap within the VN30 index, specifically that VPL could replace BCM. This change would alter ETF capital flows and affect the liquidity of related stocks.
- Signal: Neutral
- Impact on: VPL, BCM, HCM, HSX, BVH, VIC, VHM, FPT, HPG, TCB
- Assessment: Changes to index components like the VN30 may create short-term volatility in cash flow and investor sentiment. However, the index is not significantly affected in terms of overall valuation. Investors following ETF trends should take advantage of this restructuring period to select suitable positions. Maintaining a neutral stance and closely monitoring official announcements from the Exchange and fund management will help optimize trading strategies.
Cash flow tends to shift after the state-owned enterprise cycle.
MBS Securities assesses that leading state-owned stock groups may face short-term profit-taking pressure as the index approaches strong resistance around 1,900 points. Accordingly, capital may shift to small and medium-sized stock groups or sectors with new growth potential.
- Signal: Positive
- Impact on: MBS, VCB, BID, CTG, MSB
- Analysis: The market transition could present an opportunity for capital to seek out new sectors that haven't seen significant growth, such as technology, retail, or energy. Investors should adopt a portfolio restructuring strategy, gradually reducing the weighting of stocks that have already risen sharply and seeking stocks with strong fundamentals and stable liquidity. In the short term, a "smart pivot" strategy will be key to mitigating risks from the index resistance zone.
The strong spread of money flow re-establishes the upward trend.
Market cash flow showed positive spread as trading volume reached nearly 42,000 billion VND. Previous skepticism is being replaced by affirmation from both domestic and foreign capital returning strongly and in unison.
- Signal: Positive
- Impact on: VNI, VIC, VHM, VRE
- Assessment: Confirmation of cash flow is a crucial factor reinforcing confidence in the index's upward trend. In the short term, this provides the market with a solid technical foundation to approach higher resistance levels. For medium- and long-term investors, this is an opportune time to increase positions in stocks with strong fundamentals and growth prospects. Simultaneously, risk management through optimal allocation based on industry cycles should be maintained.
Pyn Elite Fund performed less positively than the VN-Index in December.
The performance report from Pyn Elite Fund shows a growth of 2.91 TP3T in December 2025, lower than the 5.51 TP3T increase of the VN-Index. Some stocks in the fund's portfolio, such as HDB and STB, provided effective support, however, other investments have not increased proportionally with the index trend.
- Signal: Positive
- Impact on: PYN, HDB, STB, FPT, MWG, MBB, HVN, ACV, OCB, VIB
- Analysis: The performance disparity suggests that investment funds need to be more flexible in selecting stocks that align with market developments. Individual investors can take advantage of opportunities from stocks in their existing Pyn portfolios that haven't yet seen corresponding price increases. A momentum strategy combined with fundamental analysis will help select stocks with breakout potential in the coming quarters. Closely monitoring portfolio restructuring by foreign funds is advisable to capture early capital flows.
The stock market news bulletin aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following market news from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
