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.
Record low liquidity as market drags
The VN-Index increased by 13.05 points for the entire session, but only 4 Vin stocks brought in 14.7 points. This pillar-lifting phenomenon is very good for the index but creates a depressing atmosphere in trading, causing liquidity on the HoSE floor to drop to a record low since the end of April 2025.
- Signal: Neutral
- Impact on: VIC, VHM, VPL, VRE, VJC, VNM, VPB, SSB, STB, GAS
- Comment: The phenomenon of large-cap stocks such as VinGroup is creating a clear differentiation in the market, causing the index to increase but liquidity to decrease to a record low. This shows that individual investors may be cautious, looking for opportunities in other sectors or waiting for clearer signals. In the short term, investors should prioritize stocks with solid fundamentals and avoid investing according to crowd psychology, focusing on accumulation strategies and strict risk management.
Bank stocks to face strong correction in 2025
Mirae Asset has just released an update on banking stock outlook, emphasizing that the recent correction has erased the 20-80% 2025 increase of many banks.
- Signal: Neutral
- Impact on: NII, NSI, NOI, CTG, VCB, BID, VPB, TCB, STB, ACB
- Comment: Banking stocks, which are the mainstay of the market, are undergoing a significant correction, erasing most of the gains since the beginning of 2025. This could be an opportunity for long-term investors to consider accumulating at more attractive prices after valuations return to reasonable levels, especially for banks with good asset quality and sustainable growth potential. However, risks still exist if cash flow has not returned strongly, requiring careful portfolio management.
Market correction with large stocks pulling VN-Index up
The “green exterior, red interior” situation lasted for almost the entire trading session. The VN-Index was strongly pulled up by VIC and VHM while the breadth showed overwhelming red. The HoSE trading liquidity continued to fall to a new record low as a signal of “reverse reaction” from investors.
- Signal: Neutral
- Impact on: VIC, VHM, VNM, VJC, VRE, MSN, LPB, BCM, HAG, NVL
- Comment: The “green skin, red heart” situation and record low liquidity show instability in the market structure, when the index is supported by a few large-cap stocks while the majority of other stocks decline. This is a warning sign of investors’ cautious psychology, suggesting a strategy to prioritize capital preservation and only disburse into stocks with a separate story, avoiding stocks that have increased rapidly and are not supported by widespread cash flow. The risk of a deeper correction is still lurking if cash flow does not improve soon.
The probability of VN-Index surpassing the 1700 point threshold is very high.
If the index maintains closing above 1,670 points (exceeding the MA50 threshold) next weekend, the probability of surpassing the 1,700 point threshold is quite high.
- Signal: Neutral
- Impact on: MBS, VIC, GEX, MSN, VIX
- Comment: The VN-Index remaining above 1,670 points and heading towards 1,700 points raises expectations of a more solid uptrend in the medium term, attracting new cash flows into the market. Investors can consider increasing the proportion of stocks in their portfolios, prioritizing market-leading stocks or industries with positive business prospects. However, it is necessary to closely monitor liquidity developments and macro factors to ensure the sustainability of the uptrend.
Big changes in the FTSE index basket portfolio
The list of FTSE stocks announced with data closing on December 31, 2024 will have a big change after VN-Index recorded a strong increase in 2025.
- Signal: Positive
- Impact on: FTSE, HPG, VCB, VIC, VHM, MSN, SAB, VNM, BSC, GEIS
- Comment: Changes in the FTSE index basket will directly impact cash flows from passive ETFs, creating opportunities and risks for stocks to be added or removed. Investors should proactively review their portfolios to anticipate these fluctuations, consider buying stocks that are likely to be added or selling stocks that are at risk of being removed before the closing date. This is an opportunity to optimize the portfolio according to short-term and medium-term trading strategies.
Rubber exports decline and face many difficulties
Contrary to the positive developments in the international market, Vietnam's rubber exports in October 2025 decreased by more than 201 TP3T in volume and nearly 301 TP3T in value. It is forecasted that Vietnam's rubber exports in the coming time may face many challenges as demand from China shows signs of slowing down.
- Signal: Neutral
- Impact on: TSC, NHI, KHI, CAO, NDT, BYD, ITC, DRC, SUY
- Comment: Difficulty in rubber exports due to weakening demand from the Chinese market will negatively affect the business prospects of enterprises in the rubber industry. Investors should reconsider investments in this group of stocks, consider reducing the proportion or shifting to other industries with better prospects. The risk of price declines may continue in the medium term if the export situation does not improve soon.
Corporate profits under pressure from exchange rate fluctuations
Companies with high USD debt will be affected when the USD appreciates, leading to exchange rate losses. This will lead to changes that reduce the profits of USD-borrowing businesses.
- Signal: Neutral
- Impact on: DXY, MSH, TCM, TNG, STK, VHC, MPC, IDI, DRC, CSM
- Comment: The pressure of the rising USD exchange rate is creating great risks for businesses with foreign currency debt, especially USD, leading to increased financial costs and directly affecting profits. Investors need to be cautious when evaluating import-export businesses or businesses with large foreign currency debt structures. Prioritizing businesses with healthy financial structures and less dependence on exchange rate fluctuations will be an effective strategy in the current period.
Real estate accelerates bond issuance as buyback activity declines sharply
For the first time this year, the Real Estate group surpassed the Banking group to lead the market, with a total issuance value of VND32.7 trillion, an increase of VND1,531 trillion compared to the previous month and accounting for nearly VND491 trillion of total issuance value in the month.
- Signal: Neutral
- Impact on: MBS, LLC, TMCP, CTCP, DNSE, TCB, ACB, OCB
- Comment: The sharp increase in bond issuance activities of the real estate group shows the recovery in the industry's ability to access capital, and reflects the large capital demand to implement projects. This could be a positive signal for the long-term prospects of real estate stocks. However, investors need to carefully evaluate the quality of the project, the financial capacity of each enterprise and the risks related to the bond market to make smart investment decisions, avoiding potential risks.
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.
