I. VIETNAM STOCK MARKET REVIEW FOR THE WEEK OF NOVEMBER 17-21, 2025
Trading Activity: Major indices closed lower on November 21. The VN-Index hovered just below the reference mark at 1,654.93 points, while the HNX-Index declined by 0.42% to 263.13 points. For the week, the VN-Index gained 19.47 points (+1.19%), whereas the HNX-Index shed 4.48 points (-1.67%).
Vietnam’s stock market exhibited clear polarization over the past week. After surging past the 1,650-point milestone early in the week, the VN-Index entered a tug-of-war phase with alternating sessions of gains and losses. While a few key pillars worked to stabilize the index, the broader market faced widespread adjustment pressures. By week’s end, the VN-Index settled at 1,654.93 points, up 1.19% week-on-week.
In terms of impact, the Vingroup trio—VIC, VHM, and VPL—made the most positive contributions in the final session, adding a combined 4 points to the VN-Index. Conversely, the “king stocks” VCB, TCB, BID, HDB, and LPB acted as significant drags, collectively subtracting nearly 3 points from the index.
Sector performance painted a polarized picture. Communication services led the decline, with sector leaders VGI (-2.1%), FOX (-0.49%), and CTR (-1.31%) all closing in the red.
Energy and essential consumer goods sectors also faced over 1% adjustments amid broad selling pressure, notably BSR (-1.56%), PLX (-1.31%), PVS (-2.03%), PVD (-1.15%), PVT (-1.64%), MCH (-2.09%), VNM (-1.32%), MSN (-1.27%), and PAN (-1.26%).
On the upside, the information technology sector shone brightly, driven by FPT (+1.82%), VEC (+2.91%), and DLG (+1.75%).
Real estate maintained its green territory, supported by strong demand for VHM (+1.53%), CEO (+4%), NVL (+1.99%), NBB (+1.02%), NLG (+1.7%), SCR (+2.34%), and HQC, which hit its upper limit. However, the sector also saw notable decliners with significant liquidity, including KBC (-0.99%), DXG (-1.03%), PDR (-0.88%), VPI (-0.9%), and SZC (-1.69%).
Foreign investors continued their net selling streak, offloading nearly 2 trillion VND across both exchanges this week. Specifically, they net sold over 2 trillion VND on the HOSE but net bought nearly 70 billion VND on the HNX.
Foreign Investors’ Trading Value on HOSE, HNX, and UPCOM by Day. Unit: Billion VND
Net Trading Value by Stock Code. Unit: Billion VND
Top Gainer of the Week: DGW
DGW +12.39%: DGW enjoyed a robust trading week, with its stock price surpassing both the 50-day SMA and 100-day SMA, while closely tracking the Upper Band of the Bollinger Bands.
Trading volume surged significantly above the 20-day average, signaling a strong return of capital. Additionally, the Stochastic Oscillator and MACD indicators continued their upward trajectory, further bolstering the short-term positive outlook.
Top Loser of the Week: HSL
HSL -15.27%: HSL experienced a sharp decline this week, falling below the Middle Band of the Bollinger Bands. The impending “Death Cross” between the 50-day SMA and 100-day SMA adds to the short-term pessimism.
The MACD indicator has issued a sell signal by crossing below the Signal Line. Adjustment risks are likely to persist unless conditions improve in upcoming sessions.
II. WEEKLY STOCK MARKET STATISTICS
Economic Analysis & Market Strategy Division, Vietstock Consulting Department
– 22:59 November 21, 2025
Stocks Rebound in Green, Billionaire Nguyen Phuong Thao’s Airline Shares Hit Daily Limit
The return of net buying by foreign investors has been a pivotal factor in bolstering market sentiment, laying the groundwork for the market to sustain its positive accumulation trend.
Market Turmoil Unveiled: One Stock Defies Odds, Surges “Deep Purple” for Ten Sessions, Doubling in Value Within Two Months
The stock price has surged an impressive 115%, climbing steadily from just under 3,000 VND per share to a remarkable 6,740 VND.
Two Bank Stocks Hit Hard by Brokerage Firms’ Net Selling on November 20th
Proprietary trading firms extended their net selling streak on the Ho Chi Minh City Stock Exchange (HOSE), offloading a total of VND 48 billion worth of shares.
All Eyes on the Airline’s Stock
Today (November 20th) marks the expiration of November derivatives, with the trading session closing on a cautious note as investors adopted a wait-and-see approach. Amidst the subdued market, Vietjet Air’s stock (VJC) stood out, defying the trend with a remarkable surge to its ceiling price.
Real Estate Stock Surges to Daily Limit with Massive Trading Volume: What’s Driving the Sudden Spike?
Not only did the stock price surge, but it also grabbed attention with a liquidity spike of nearly 30 million units, far surpassing the recent average of 3–4 million shares per session.
