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.
Blue-chip stocks recover, VN-Index challenges 1900-point peak.
Although liquidity in the VN30 group decreased this afternoon compared to the morning, the prices of these blue-chip stocks improved significantly. Supported by this strength, the VN-Index recovered strongly, closing the session up 0.93% at 1896.59 points.
- Signal: Positive
- Impact on: VHM, VIC, VCB, BID, CTG, TCB, VPB, VIB, TPB, STB
- Analysis: The recovery of large-cap stocks indicates that capital is flowing back into core stocks with solid fundamentals. In the short term, momentum from domestic capital flows and interest from foreign investors could support a continued upward trend in the index. Investors should prioritize maintaining a high proportion in large banking and real estate stocks, while closely monitoring technical indicators around the 1900 level to manage risk.
Liquidity unexpectedly dropped sharply, and large-cap stocks put pressure on the VN-Index.
The VN-Index closed this morning having almost completely wiped out its gains from the session under pressure from large-cap stocks. However, the rest of the market fared similarly, with the number of rising stocks still significantly outnumbering the number of falling stocks.
- Signal: Neutral
- Impact on: VHM, VCB, VIC, BID, CTG, GAS, TCB, HPG, VPB, MBB
- Assessment: Reduced liquidity at the technical resistance level reflects cautious investor sentiment and may signal a short-term correction. In the long term, net buying by foreign investors remains a positive factor supporting the overall trend. Investors should maintain a balanced portfolio, only increasing their holdings when the VN-Index surpasses a clear resistance level.
Profit-taking pressure increases in state-owned enterprises, Midcap stocks begin to trend upwards.
The Midcap group includes some fairly familiar stocks such as: BVH, PNJ, PHR, CTR, PTB, PVT, NT2, VTP, DGW, PC1, POW, PVD, CMG.
- Signal: Neutral
- Impact on: BVH, PNJ, PHR, CTR, PTB, PVT, VTP, DGW, POW, PVD
- Analysis: Increased profit-taking in state-owned stocks is a sign of consolidation within an uptrend. Conversely, the increasing liquidity in midcap stocks is revealing opportunities to catch the wave early. This period is suitable for risk-tolerant investors seeking profits on stocks with unique stories; however, tight portfolio management is necessary to avoid the risk of sharp corrections.
Small and medium-sized real estate stocks are currently valued at a fair discount.
Large-cap stocks like VHM and VRE have recovered strongly and are approaching their long-term moving averages. Mid- and small-cap stocks such as KDH, NLG, HDC, NTL, and DXG are trading at attractive valuations.
- Signal: Neutral
- Impact on: VHM, VRE, KDH, NLG, HDC, NTL, DXG, FDI, CBRE, Industrial Park
- Assessment: With significant discounts compared to book value, small and medium-sized real estate properties are attracting speculative and value investment capital. In the short term, pressure from real estate credit remains, but in the long term, expectations of economic recovery and improved legal frameworks will provide support. Investors should selectively choose stocks with clean land reserves and low debt ratios for medium- to long-term investment.
Market liquidity is expected to surge to $2.1 billion per session.
Liquidity in the Vietnamese stock market is expected to average $1.3-$2.1 billion per trading session during the 2026-2030 period if the upgrade plan by 2030 is successful.
- Signal: Positive
- Impact on: FTSE, BSC, OTC, PVFC
- Analysis: Expectations of market upgrade will be a strong catalyst for attracting international indirect investment, especially from ETFs. In the short term, this is an encouraging sign for investor confidence. In the long term, the market will improve in both liquidity and transparency. Investors should seize this opportunity to build a strategic investment portfolio, focusing on leading stocks that comply with international standards.
Gold and silver prices may correct after a period of strong gains.
Following the Asian trading session, world gold prices recorded an increase of nearly $80/oz. However, this rapid increase in a short period of time has raised concerns about a potential technical correction.
- Signal: Negative
- Impacts: CME, FTXM, WEF, PCE
- Assessment: Strong fluctuations in gold prices often impact metal stocks and certain export/import sectors sensitive to exchange rates. In the short term, there is a risk of upward correction due to increased profit-taking. Investors should be cautious with gold ETFs and maintain a reasonable proportion of metals in their portfolios. A defensive strategy with safe-haven stocks may be a safe option at this time.
The increase in the tax-free threshold of 40% has significantly benefited consumer stocks.
KBSV highly rates VNM, MSN, VHC, and FMC due to their leading positions in the industry and stable profit margins, amidst improved purchasing power thanks to the policy of increasing tax-free thresholds.
- Signal: Positive
- Impact on: KBSV, VNM, MSN, VHC, FMC, MCH, CFO, ASF, BAF, DBC
- Assessment: The domestic consumer sector is poised for a strong recovery as disposable income increases. In the short term, the boost comes from positive first-quarter earnings results, while in the long term, it's driven by consumer support policies. Short-term investors can capitalize on the positive first-quarter earnings, while long-term investors should prioritize holding companies with large, sustainable market shares.
China's slowing economy is impacting regional markets.
China recorded its weakest GDP growth rate in nearly three years in the fourth quarter of 2025, although it still met its full-year target. This development has a ripple effect on emerging markets in the region, including Vietnam.
- Signal: Neutral
- Impact on: NBS, CNBC, OCBC, PBOC
- Assessment: The slowdown in the Chinese economy has raised concerns about demand for goods and the impact on supply chains in Vietnam. However, maintaining growth targets indicates that the world's second-largest economy still has policy leeway. In the short term, investors should monitor further stimulus packages from Beijing. In the long term, maintaining a low weighting in sectors dependent on exports to China is a reasonable risk mitigation strategy.
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.
