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.
The market is dominated by green, with bank stocks once again leading the rally, and the real estate sector recovering.
The market breadth at the end of the session confirmed that a broad-based price recovery is underway. The number of rising stocks outnumbered falling stocks for the second consecutive session. Small-cap banking and real estate stocks are returning to the spotlight after a series of corrections.
- Signal: Positive
- Impact on: VIC, VHM, HPG, FPT, GVR, MSN, VNM, BID, CTG, MBB
- Assessment: Capital is trending back towards large-cap stocks, especially banking and real estate, providing momentum for a solid recovery of the VN-Index. In the short term, investors may consider increasing their holdings in leading sectors. However, portfolio allocation should be carefully managed due to the market's continued risk of volatile liquidity.
Following record capital outflows in 2025, foreign investors continued to net sell nearly 7 trillion VND in the first month of the year.
Foreign investors continued to net sell VND 6,622 billion since the beginning of January 2026. The pressure to withdraw capital remains present as international investors await greater clarity on global interest rate policies and the economic outlook for Vietnam.
- Signal: Neutral
- Impact on: FTSE, IVS
- Assessment: Despite continued outflows of foreign capital, the internal momentum from domestic individual investors remains positive. In the short term, fluctuations from foreign investors may put pressure on the index, but in the long term, the market still has the potential to recover thanks to a stable economy. The appropriate strategy is to focus on fundamentally sound stocks with good prospects, combined with risk management of margin positions.
Following strong growth in 2025, VPBank expects continued breakthroughs in 2026.
VPBank has solidified its position after a period of strong growth in 2025, with an impressive IPO. Entering 2026, the company aims for growth by strengthening technology, expanding its ecosystem, and increasing market capitalization, despite the upward trend in interest rates.
- Signal: Neutral
- Impact on: VPX, HNX, CIR, CHU, SMBC, SME
- Assessment: The sustained high growth expectations from VPBank are a supportive signal for related financial stocks. However, a rising interest rate environment could impact the cost of capital, requiring investors to carefully select stocks that leverage technology and data. In the long term, the digitalization trend provides a foundation for sustainable growth, but in the short term, caution is needed regarding market risks.
Widespread recovery, bargain hunters flock to deeply discounted stocks.
The market recorded its second consecutive day of gains, although the index didn't really break through. However, market breadth widened, with many stocks that had previously fallen sharply attracting bargain-hunting capital and showing signs of forming a short-term bottom.
- Signal: Positive
- Impact on: VNI, HSX, KDH, DXG, PDR, NVL, HDG, TCH
- Analysis: Real estate stocks that are heavily discounted are attracting investor attention, driven by expectations of an impending recovery cycle. In the short term, opportunities for short-term trading are increasing due to the formation of a technical bottom. However, a medium-term strategy should focus on stocks with strong fundamentals to avoid risks from hot money flows. Investors need to assess the P/B ratio and the potential for recovery in real estate inventory.
Profit-taking pressure caused gold to fall below the $5,400/oz mark, with the SPDR Gold Trust selling nearly 4 tons.
Gold prices reversed sharply lower after reaching an all-time high, driven by selling pressure from investors and ETFs such as the SPDR Gold Trust. The large difference between the intraday high and low indicates increased short-term volatility risk, forcing short-term traders to exercise caution.
- Signal: Negative
- Impact on: UBS, SPDR
- Assessment: The gold market is facing the risk of losing upward momentum due to strong profit-taking from large institutions, dimming expectations of prolonged inflation. In the short term, prices may continue to fluctuate sharply, unsuitable for a buy-and-hold strategy. Investors should reduce their gold holdings and shift to more stable, high-yielding assets such as defensive stocks or government bonds.
The world's largest sovereign wealth fund is expected to see substantial profits in 2025 thanks to a surge in global equities.
Norway's Global Government Pension Fund (GPFG) recorded profits of nearly $250 billion, driven by strong growth in technology, finance, and mining stocks. This result reinforces confidence in the recovery of risky assets globally in the coming year.
- Signal: Positive
- Impacts: GPFG, NBIM, FTSE, CNBC, UBS, HSBC, WEF
- Assessment: GPFG's profits reflect a stable global macroeconomic recovery, creating a good foundation for emerging markets like Vietnam. In the long term, the trend of foreign investment shifting back to markets with good growth potential may return. Investors should monitor the performance announcements of major investment funds to take advantage of the portfolio repositioning wave.
US stocks saw a slight correction as Microsoft shares fell 10%, and oil prices fluctuated sharply.
The US market was volatile as Microsoft reported lower-than-expected earnings, dragging the Nasdaq down. Oil prices rebounded due to low inventories, but global risk factors continued to affect investor sentiment.
- Signal: Negative
- Affects: IGV, WTI
- Analysis: The correction in major technology stocks indicates slowing earnings growth and pressure from the consumer market. In the short term, this could lead to a contraction of large capital flows, indirectly impacting emerging markets. Vietnamese investors should be cautious with stocks affected by global cycles, focusing on defensive sectors such as consumer goods, utilities, and healthcare.
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.
