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.
Cash flow is rotating, and the market is showing positive differentiation.
For the third consecutive session, the trading value on both listed exchanges exceeded 40,000 billion VND, indicating that capital is still flowing strongly into the market. This large amount of money circulating is creating a clear differentiation among stocks, despite the VN-Index fluctuating due to blue-chip stocks.
- Signal: Positive
- Impact on: VCB, CTG, TCB, VPB, BID, VIC, VHM, GAS, BCM, GVR
- Analysis: Strong cash flow momentum indicates that expectations of a recovery after the correction phase are spreading. In the short term, stock differentiation presents opportunities for medium- and long-term investors to trade in promising sectors. Priority should be given to stocks with high liquidity, foreign investor interest, and flexible action in line with trends.
Blue-chip stocks held steady, VN-Index firmly above 1900 points.
Pressure from the VinGroup sometimes pushed the VN-Index down to low levels, but the balancing power of the banking sector and other blue-chips kept the index above 1900 points, creating conditions for healthy differentiation in the rest of the market.
- Signal: Positive
- Impact on: VIC, VHM, VPL, VCB, BID, CTG, HDB, LPB, TCB, TPB
- Assessment: The stability of large-cap stocks suggests the market is in a healthy accumulation phase, supporting a positive outlook for the next quarter. For medium-term investors, the banking and real estate sectors can maintain positions with a "buy and hold" strategy. However, a technical stop-loss should be placed at the nearest support level to control risk.
TCBS announces profits exceeding targets, neutral impact on the market.
Techcombank Securities Joint Stock Company (TCBS – HOSE: TCX) has just announced its Q4 and full-year 2025 business results, with pre-tax profit reaching over VND 7,100 billion, exceeding the annual plan. However, the upward trend of the stock is not yet clear.
- Signal: Neutral
- Impact on: TCBS, HOSE, TCX, KINH, HNX, SSI, VCB, UOB, CAR, AWS
- Assessment: Despite positive business results, the cautious market reaction suggests investors are awaiting a clearer trend from monetary policy. In the short term, securities sector stocks may experience slight fluctuations; investors should observe technical patterns. In the long term, TCBS shares could be a reasonable choice if interest rates tend to stabilize.
New policies support the domestic oil and gas industry in the trend towards energy self-sufficiency.
Amid concerns about energy dependence due to a volatile global geopolitical environment, Vietnam is adjusting its policies to strongly develop its domestic oil and gas industry, aiming for self-sufficiency in supply and increased energy production capacity.
- Signal: Neutral
- Impacts: GAS, PLX, BSR, PVD, PVS, PVC, PVT, PET, EIB, PVB
- Assessment: Although the long-term outlook is bright, the short-term performance of the oil and gas sector remains heavily dependent on international oil prices and supply risks. Investors should monitor technical breakout signals and consider accumulating gradually during corrections. A cautious capital allocation strategy with small portfolio weightings may be suitable at this stage.
Construction companies benefit only to a limited extent from the expanded public investment cycle.
For railway projects requiring large scale and high technology, construction companies like Vinaconex (VCG) and Deo Ca Infrastructure (HHV) can only participate in a few minor components, limiting their benefits during the period of increased public investment.
- Signal: Positive
- Impact on: VCG, HHV, MBS, CTD, CII, LCG
- Assessment: In the context of accelerating public investment, businesses with strong financial capacity and construction experience will primarily benefit. Although the benefits may be limited, there is still potential for revenue recovery in the long term. Focus on businesses with large backlogs and good management, and avoid buying during periods of rapid price increases.
US stocks fell while oil prices surged by more than 2.5%
Wall Street saw declines in the latest trading session, following surprising economic data on inflation, while crude oil prices surged amid concerns about tightening supply from OPEC and escalating regional conflicts.
- Signal: Negative
- Impacts: CNBC, BLS, CME, WTI, OPEC
- Assessment: Global economic instability is having a widespread impact on investor sentiment. Risks from US interest rate policies and rising oil prices could increase cost pressures and reduce capital flows into emerging markets. In this situation, it is necessary to limit the use of financial leverage and focus on maintaining strong fundamental stock positions.
Banking stocks continued to support the market thanks to their stable growth.
Portfolio screening reveals that bank stocks continue to be a strong support due to their ability to maintain relatively consistent price growth and avoid significant fluctuations compared to other sectors.
- Signal: Positive
- Impact on: FTSE
- Assessment: The banking sector is playing a leading role amidst a market lacking consensus from other sectors. Growth opportunities lie in medium- to large-cap stocks with good asset quality and stable non-performing loan ratios. Strategically, investors should prioritize accumulating during minor corrections to capitalize on the medium-term growth effect.
Gold prices have stabilized after reaching a peak, with SPDR continuing to accumulate nearly 10 tons of the precious metal.
Spot gold prices fluctuated sharply, at one point reaching over $4,635/oz, setting a new record high. Meanwhile, the SPDR Gold Trust made net purchases of nearly 10 tons, indicating that demand for safe-haven assets remains significant.
- Signal: Neutral
- Impact on: SPDR, BLS
- Analysis: Gold is becoming a safe haven asset amidst the unpredictable volatility of international financial markets. However, the strong upward momentum also increases the risk of a reversal. Investors should consider diversifying their portfolios between stocks and safe-haven assets like gold, but should not chase gold prices when they reach new highs without a solid price base.
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.
