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.
Stock prices surged, the market was buzzing in the final week of the year.
Expectations of a "Santa Clause rally" are very likely to become a reality as the VN-Index surged 2,741 TP3T at the start of the final week of the year, with the number of gainers being 2.2 times the number of losers.
- Signal: Neutral
- Impact on: VIC, VHM, VPL, STB, TCB, VPB, CTG, BID, HDB, MBB
- Analysis: The widespread upward momentum indicates a return of optimistic sentiment to the market. However, trading volume needs to improve to confirm the trend. Investors should monitor the possibility of a breakout from technical resistance levels. A sound strategy is to prioritize stocks with strong accumulation bases and significant capital inflows.
Liquidity is very low, the market is rising amidst uncertainty.
Although the strength of the leading stocks remains the main driver behind the sharp rise in the VN-Index, the positive market breadth confirms that the market is doing well. However, liquidity has not kept pace with price movements, with the HoSE's trading value only exceeding 9,000 billion VND.
- Signal: Positive
- Impact on: VIC, VHM, VPL, STB, HDB, DGC, TCB, VJC, MBB, BID
- Analysis: The surge in large-cap stocks indicates widespread recovery expectations. However, weak liquidity is a factor to closely monitor in order to assess sustainable strength. In the short term, it is advisable to prioritize short-term trading in leading stocks. In the long term, selecting companies with solid business results will be crucial for survival.
The past 10 years show that the VN-Index has risen sharply during the Christmas season.
With only 8 trading sessions remaining in the 2025 fiscal year, statistics show that the end of the year often sees a "Santa Claus" surge. This is a series of 7 trading sessions (5 sessions at the end of December of the previous year and 2 sessions at the beginning of the following year).
- Signal: Positive
- Impact on: MBS, MWG, MSN, VNM, KBSV, RSI, MSCI
- Assessment: The seasonal effect, proven in recent years, is a strong supporting signal for the market. Expectations are driving speculative capital back in. Short-term investors can take advantage of year-end price increases. However, specific cash flow analysis and selection of leading sectors are still necessary to optimize profits.
23 funds simultaneously increased their investments in the market.
In November 2025, 23 out of 36 open-ended equity funds reduced their cash holdings, contrary to the trend of increasing cash holdings in October 2025 and September 2025.
- Signal: Neutral
- Impacts: VEIL, VNH, VOF, FTSE, PYN, TCBF, ABBF, DCDS, VEOF, VLGF
- Analysis: The significant shift in cash holdings by open-ended funds indicates a positive outlook on market prospects. However, this action also carries risks if the trend reverses abruptly. Individual investors should closely monitor signs confirming the flow of smart money. A medium-term strategy could be to hold fundamentally sound stocks and avoid chasing high prices.
A series of "blockbuster" IPOs has affirmed Vietnam's prominent role in the regional landscape.
According to a Deloitte report, recent IPOs have significantly contributed to a surge in the total value of IPOs across the region, exceeding 50%, affirming Vietnam's increasingly important role in the regional capital market.
- Signal: Positive
- Impact on: FDI, VNH, MSCI, FTSE
- Assessment: Successful IPOs improve the quality of the listed market and increase its attractiveness to foreign investors. In the short term, capital may flow into newly listed stocks if they have a clear growth story. In the long term, this is a positive driver for market upgrades. It is advisable to monitor the reference price and assess reasonable valuations to develop an appropriate investment strategy.
Will the rise in fixed mortgage interest rates to 7.8% reverse the market recovery trend?
Fixed mortgage interest rates for 18 months at VCB, BIDV, and VietinBank increased from 6.81 TP3T to 7.81 TP3T/year. Some smaller banks raised term deposit interest rates from 61 TP3T to around 71 TP3T/year.
- Signal: Positive
- Impact on: VCB, BIDV, VHM, NVL, NLG, HCM, KDH, ROIC, DXG, SCR
- Assessment: The interest rate hike may put short-term pressure on the real estate and banking sectors. However, if the economy maintains growth, this is a suitable step to stabilize the financial market. Investors need to carefully analyze the debt structure of each company. It is advisable to invest in stocks with healthy balance sheets and good profit margins.
Gold prices in 2026 are unlikely to repeat this year's rate of increase.
Gold prices have just surged to near record levels, while the outlook for 2026 suggests it will be difficult to maintain the same upward momentum as in 2025 due to expectations of stable or rising global interest rates.
- Signal: Positive
- Impacts: CAO, QUAN, WGC
- Analysis: Gold is often seen as a safe haven during times of uncertainty; however, a stable monetary policy trend will limit its appeal. For mining or jewelry stocks, closely monitor gold prices and the USD exchange rate. Short-term strategies may involve trading on price movements, while long-term investments should focus on companies with a closed value chain and a large market share.
The wave of NAV closing is fueling the market's upward momentum.
Even with the strong surge in VinGroup's stocks, it only accounted for about half of the 46.7-point increase in the VN-Index. Many other stocks, including blue-chips, also entered a simultaneous upward trend.
- Signal: Neutral
- Impact on: VNI, HSX
- Analysis: Funds' NAV closing activities often cause significant short-term market volatility. This is a favorable time to restructure portfolios, but it also carries the risk of a decline after the effect wears off. Consider buying during a reasonable correction. Manage risk effectively by maintaining an appropriate cash allocation to cope with fluctuations.
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.
