Market Pulse 11/11: Blue-Chip Stocks Return, VN-Index Sustains Uptrend

Despite a period of intra-session volatility, the market demonstrated robust momentum in the afternoon session, closing predominantly in the green. The VN-Index surged by over 13 points to reach 1,593.61, while the HNX-Index climbed 3 points, settling at 261.08.

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Large-cap stocks like the Vingroup family (VHM, VIC, VRE, VPL), MSN, VNM, and financial stocks such as BID, CTG, SSI, SHB were the most positive contributors to the VN-Index. Conversely, HVN and LPB exerted significant downward pressure.

The financial sector stood out today, with notable gains in VIX (up over 4%), SSI (nearly 4%), SHB (over 3%), and STB, CTG, SHS, VCI, among others. However, LPB, TCX, VIB, SSB, and a few others saw slight declines.

A similar trend was observed in the real estate sector, where VIC, VHM, CEO, VRE, DXG, DIG rose by 2-3%. In contrast, VPI, KBC, HDC, NVL, KHG, NLG experienced losses.

Despite the market closing in the green, sector-wise performance was mixed, with half of the sectors gaining and the other half declining. The equipment and healthcare sectors (including TNH, TTD, JVC, DP1, BBT) and telecommunications services (VGI, FOX, SGT, ICT) were the hardest hit today.

Insurance stocks had a strong session, with BVH, PVI, PRE, BMI, ABI all posting gains. Since early November, these stocks have outperformed, contrasting with the VN-Index‘s decline.

However, the market’s green exterior masked underlying weakness. Liquidity was modest at nearly VND 22 trillion, lower than recent periods. Foreign investors net sold a modest VND 80 billion. The top net buys included VIC, HPG, and VNM.

Foreign Net Buying/Selling Trends

Morning Session: Polarization Resumes

The morning session ended with major indices in the green, as the VN-Index rose nearly 6 points to 1,586.47. The HNX-Index added 0.3 points to 258.5. However, red was gaining ground, with over 300 decliners versus 280 advancers.

Real estate and financial stocks were polarized. Still, key stocks supported the indices. In real estate, VHM, VIC, VRE were pillars. In finance, VIX, SSI, TCB, VPB, ACB maintained gains.

Essential consumer stocks remained positive, with MSN, VNM, MCH, SAB up 1-3%.

Fertilizer stocks also performed well, with DPM, DCM, BFC, LAS rising. Plastic stocks like NTP, VNP, AAA gained, with VNP hitting its ceiling.

Utility stocks (electricity, water, gas) such as GAS, REE, DNH, PGV, BWE showed strength.

Morning liquidity exceeded VND 9 trillion. Investors remained cautious. Foreigners net sold a modest VND 200 billion, reducing recent selling pressure.

Foreign Net Selling Eases Recently

10:40 AM: Key Stocks Sustain Support

By 10:20 AM, buyers dominated, though red spread across sectors, notably real estate and industrials. The VN-Index maintained a nearly 7-point gain.

Key stocks like VHM, VIC, VRE, HPG, FPT, MSN, MCH held green since the open. The VN30 group remained positive.

Industrial stocks fell, with GEX, GEE, VJC, CII, VSC down 0.4-2.5%. Energy stocks like PVD, PVS also declined.

VHM, up over 4%, was the main driver, contributing over 3 points to the VN-Index by 10:40 AM.

Opening: Positive Start, Green Dominates

The November 11 session opened broadly positive, with 250 advancers versus fewer than 100 decliners. Green prevailed across sectors, lifting the VN-Index over 5 points.

Large-cap stocks were upbeat early. The VN30-Index rose over 10 points, with 24 gainers, 5 decliners, and 1 flat. VHM, VIC, HPG, BID, MWG led market gains.

Brokerage stocks led early gains, with TCX, SSI, VIX, VND, VCI, MBS, SHS rising. However, PHS bucked the trend, falling sharply at the open.

Telecom services lagged, with VGI, FOX, SGT dragging the sector down. CTR, ICT, ABR, ABC rose but couldn’t offset losses.

Despite positive indices, trading volume was 20% below yesterday’s level, reflecting cautious sentiment.

Yến Chi

– 15:50 11/11/2025

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