Riding the wave of excitement from the explosive session on December 3, where the index surpassed the psychological barrier of 1,730 points, the stock market opened the morning session on December 4 with a fairly optimistic mindset. However, as predicted by securities companies before the trading session, short-term profit-taking pressure quickly emerged as the VN-Index approached higher resistance levels.
The caution of investors was evident in the banking sector—the main driving force of the previous session. Gone was the widespread “green and purple” rally, replaced by a mix of reference yellow and slight red. Leading stocks like VCB (Vietcombank), BID (BIDV), and CTG (VietinBank) stalled at the reference level or rose slightly, yielding the spotlight to other sectors.
Nevertheless, thanks to abundant liquidity, the overall index did not drop significantly but fluctuated within a narrow range before regaining its green hue by the end of the afternoon session. At the close, the VN-Index rose 5.47 points (0.32%) to 1,737.24 points. The VN30 index demonstrated its strength, gaining 7.54 points to reach 1,979.53 points.
Real Estate and Securities “Support” the Index
The biggest highlight of today’s session was the seamless rotation of capital. As the banking sector took a breather, real estate and financial services (securities) stepped up to keep the market’s momentum alive.
The real estate sector had a breakout session in both price and liquidity. Observing the board, green dominated widely. Notably, mid-cap stocks attracted strong inflows: DXG (Dat Xanh) rose 3.2%, PDR (Phat Dat) increased 2%, and CEO gained 1.5%. TAL stood out with a 4.7% surge, while VPI climbed 3.6%. Despite VHM (Vinhomes) facing a 1.5% correction, the heat from satellite stocks balanced investor sentiment.
Alongside real estate, the securities sector also had a vibrant trading day, benefiting directly from expectations of increased system liquidity. VIX rose 3.1%, SHS gained 2.8%, and MBS increased 1.7%. Leading stocks like SSI, HCM, and VCI maintained their green hue, bolstering confidence in a sustainable year-end rally.
Within the banking sector, despite the overall slowdown, some standout performers emerged. MBB (MBBank) was the top gainer in the VN30 basket, surging 4.7% to close at 25,700 VND, with a massive matched volume of over 80 million units. HDB and LPB also maintained solid gains of 2.2% and 1.9%, respectively.
Billion-Dollar Liquidity, Buyers in Control
In terms of market breadth, green dominated with 217 gainers versus 91 decliners and 65 unchanged stocks. This indicates that investor sentiment remains highly positive, with willingness to invest at adjusted price levels during the session.
Overall market liquidity remained high. Trading value on HoSE exceeded 25,307 billion VND, with the VN30 basket contributing over 14,000 billion VND. The capital flow chart showed that proactive buying dominated, with over 15,673 billion VND flowing into rising stocks, three times the selling pressure.
Conversely, today’s market resistance came from the Vingroup duo and some isolated blue chips. Besides VHM’s 1.5% decline, VIC also dipped slightly by 0.9%. Notably, VJC (Vietnam Airlines) plummeted 3.7%, becoming one of the factors restraining the index’s upward momentum.
According to analysts, the December 4 session’s dynamics indicate a very healthy market. The fact that capital is rotating among key sectors (banking, securities, real estate, steel) rather than exiting signals a sustainable uptrend.
The VN-Index closing at the day’s high, coupled with robust liquidity, shows that buyers remain in control. In upcoming sessions, the market is likely to challenge the 1,750 resistance level.
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