Market Pulse 12/09: Financial Stocks Rebound in Afternoon Session, Yet Fall Short of Driving Momentum

Closing the session on December 9th, the VN-Index settled at 1,747 points, down over 6.5 points, while the HNX-Index ended at 257.1 points, shedding 1.5 points. Despite an afternoon rebound supported by various stock groups, the market failed to reclaim positive territory.

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Sellers dominated today’s session, evident in the market breadth with nearly 500 declining stocks versus 260 advancing ones. Red dominated most sectors. Compared to the morning session, financial stocks showed less negativity, with some turning green, including SHS, VCI, HCM, VCB, and EIB. However, red remained prevalent.

Essential consumer stocks improved from the opening, led by SAB, BAF, ANV, NAF, HNG, and PAN. Conversely, non-essential consumer stocks plunged, with VPL, MWG, FRT, and HUT leading the decline.

Late in the session, technology stocks surged, with FPT, ECL, and CMG posting solid gains.

VIC single-handedly supported the index, contributing over 7 points to the VN-Index. Other Vingroup stocks underperformed: VRE fell 3%, VHM dropped 2.2%, and VPL declined 3%.

Market liquidity reached 31.5 trillion VND, with 3.8 trillion VND in block trades. VPL saw the heaviest net selling, exceeding 1 trillion VND.

Top 10 Foreign-Traded Stocks on 09/12/2025

Morning Session: Red Dominates, VIC Heavily Sold

Red prevailed as indices closed the morning below reference levels. VN-Index ended at 1,743 points (-10 points), and HNX-Index fell nearly 3 points to 255.75. Market breadth favored sellers with 520 decliners and 160 advancers.

Only 4 of 23 sectors remained green: Consumer Services, Auto & Components, Real Estate, and Household Products. Real Estate’s green was driven by VIC, though the sector overall declined.

Banking stocks pressured the market, with VPB, MBB, CTG, LPB, VCB, and HDB among the top decliners. In the VN30, only VIC and SAB advanced.

Top 10 VN-Index Influencers (Morning, 09/12/2025)

TTF hit its ceiling in the morning, marking its second consecutive gain. Trading volume surged in recent sessions.

Foreign investors net sold 1.2 trillion VND, with VIC leading at 530 billion VND.

10:40 AM: VIC Struggles to Support Index

VIC surged, but red dominated, pulling indices below reference levels. By 10:30 AM, 450 stocks declined versus 180 advancers.

Financials (banks, securities, insurance) and Real Estate plunged. Energy, telecom, and entertainment led declines.

Green persisted in VIC, GEE, HAH, HAG, VPL, SAB, and AAA.

Chemicals and rubber outperformed, with DGC, AAA, GVR, VTZ, NHH, PCH, and DHA staying green amid market red.

Liquidity surged to 10 trillion VND by 10:40 AM, driven largely by VIC.

Opening: Financials in Red, Vingroup Leads

VN-Index opened strong, driven by Vingroup stocks. VIC contributed over 10 points, nearing its ceiling.

Real Estate and Essential Consumer stocks outperformed. In Real Estate, VIC led with a 5-6% gain and 2.6 million units traded. VRE rose 1%, VHM gained slightly, and HQC, KBC, NRC, HPX, and VCS advanced.

VPL (Vingroup) rose 1.6%, leading the market. Essential Consumer stocks like HAG, SAB, and PAN also advanced.

Financials opened in red, with SSI, VIX, MBB, HDB, SHB, VPB, SHS, TCB, STB, and VCB declining, pressuring the index.

Yến Chi

– 15:40 09/12/2025

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