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.
Money is shifting strongly towards small and medium-sized stocks.
In the most recent trading session, the market witnessed a strong increase in capital inflows into mid-cap and small-cap stocks. Market breadth heavily favored buyers, reflecting high levels of optimism, while large-cap stocks performed less positively. Although overall liquidity did not break through, the focus was clearly on mid-cap and small-cap stocks.
- Signal: Positive
- Impact on: VIC, VHM, GAS, VCB, TCB, DGC, STB, SSI, GVR, LPB
- Analysis: The influx of capital into small and medium-sized stocks indicates increasing investor risk appetite, paving the way for a short-term growth phase. However, these stock groups also possess high volatility. The appropriate strategy is to allocate portfolio weightings wisely and closely monitor technical developments in the coming sessions to take profits at the right time.
Market trends are divergent: large-cap stocks weaken, while small-cap stocks maintain market momentum.
Selling pressure on leading stocks caused the VN30 group to face a clear correction, while Midcap and Smallcap stocks maintained positive gains. Capital flows tended to favor growth stocks rather than maintaining positions in large-cap stocks.
- Signal: Positive
- Impact on: VCB, BID, CTG, FPT, GAS, HPG, MBB, VIC, VHM, MWG
- Analysis: The shift of capital by investors towards small and medium-sized stocks reflects a diversification of investment strategies in a fragmented market. In the short term, this trend may create profit advantages, but the risk of price volatility is also increased. Careful portfolio management and profit-taking are necessary when the market loses upward momentum.
Underperforming equity funds offer renewed hope for 2026.
Only 10 out of 77 equity funds outperformed the VN-Index and VN30, however, some funds recorded outstanding performance above 70%. This development reflects the proactive approach of fund managers in selecting stocks, despite the unstable market conditions.
- Signal: Positive
- Impact on: VIC, VHM, SHB, VJC, EUR, FPT, PNJ, ACB, TCBF, ABBF
- Analysis: The superior performance of several investment funds demonstrates the potential of proactive management strategies. In the short term, this presents an opportunity to shift portfolios toward greater flexibility. In the long term, funds with strong sector and stock selection capabilities will continue to attract investment. Investors should consider investing indirectly through funds with consistent performance.
VPL has been added to the VN30 index basket, expected to attract ETF inflows.
Vinpearl's VPL stock has been officially added to the VN30 index, replacing BCM. This change will trigger a wave of buying and selling from index-tracking ETFs, thereby creating short-term price fluctuations for both related stocks.
- Signal: Neutral
- Impact on: VPL, BCM, IDC, HCM, HOSE, VIC, VHM, ACB, HPG, TCB
- Analysis: The change in the index portfolio is primarily technical but also creates short-term trading opportunities. Investors should monitor trading volume to identify temporary corrections and may take advantage of these corrections to accumulate shares. In the medium term, investing in the index helps improve liquidity and stock valuations.
Fertilizer prices surged sharply amid positive prospects for the new crop year.
Prices for urea fertilizer and other inputs are showing signs of recovery, supporting businesses in the industry in maintaining good profitability. Although a slight price correction is forecast in the long term, short-term developments are very positive for agricultural production stocks.
- Signal: Positive
- Impacts: DCM, LAS, DPM, BFC, VAF, DDV, IFA, DAP, MAP
- Analysis: The recovery in global fertilizer prices is boosting profits for companies in this sector. In the short term, fertilizer stocks may continue their upward trend following the commodity cycle. However, investors should consider taking partial profits when prices reach resistance levels or when technical reversal signals appear.
Funds continue to experience significant outflows, posing a challenge to indirect capital channels.
Net outflows of up to VND 31 trillion from equity funds in the past fiscal year signal increasing caution from institutions. The main reason stems from portfolio restructuring and profit-taking after the strong market recovery.
- Signal: Neutral
- Impact on: FTSE, VEIL, VOF, TCBF, ABBF, VFF
- Assessment: The net selling trend partly reflects a cautious outlook in the medium term. However, it also opens up opportunities when stock prices reach attractive levels. Investors should selectively choose sectors with strong fundamentals, avoiding panic selling driven by ETF movements. Simultaneously, enhanced portfolio risk management is necessary in the context of declining indirect liquidity.
International gold prices underwent a sharp correction due to the recovery of the US dollar and easing geopolitical tensions.
Gold prices fell sharply after the US dollar strengthened and news eased tensions in Greenland. Profit-taking pressure, along with expectations that the Fed would keep interest rates stable, also contributed to the loss of gold's earlier gains.
- Signal: Neutral
- Impacts: SPDR, NATO, RJO, ANZ
- Assessment: The correction in gold prices will impact the overall sentiment of the commodity market. Investors should exercise caution in speculative gold decisions at this time. For the stock market, the drop in gold prices may support a return of capital to stocks. Continued monitoring of inflation and the USD is necessary to assess long-term trends.
212 companies announced their Q4/2025 earnings, with many positive developments in the banking and small-sized enterprise sectors.
Approximately 25.21 TP3T (3-year total market capitalization) companies have announced their earnings results, with many bright spots coming from the banking sector and small and medium-sized enterprises (SMEs). Significant year-on-year profit growth indicates that the real economic recovery is driving improvements in the capital markets.
- Signal: Positive
- Impact on: III, NIM, BID, VCB, CTG, TCB, VPB, LPB, MBB, STB
- Assessment: Positive business results are creating upward momentum for banking and midcap stocks. In the short term, technical corrections can be expected as good entry opportunities. In the long term, investors should maintain a holding strategy with stocks that have the potential for sustainable profit growth and a stable financial foundation.
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.
