The market faced significant downward pressure on January 15th, marked by speculative trading and rapid rotations across various stock groups. By the close, the VN-Index dropped by 29.64 points (-1.56%) to 1,864.80. Foreign trading activity remained negative, with net selling exceeding 1 trillion VND across the market.
Securities firms’ proprietary trading desks reduced net selling to 14 billion VND on HOSE.
Specifically, proprietary trading desks of securities firms led net selling in STB with -152 billion VND, followed by VCB (-75 billion), VHM (-59 billion), VNM (-54 billion), and VIC (-48 billion VND). Other stocks with notable net selling included ACB (-31 billion), VPB (-17 billion), SAB (-17 billion), VTP (-8 billion), and HPG (-7 billion VND).
Conversely, MWG saw the strongest net buying at 78 billion VND. Other top net buys were TCB (50 billion), FPT (40 billion), MBB (38 billion), MSN (38 billion), SSI (28 billion), CTG (27 billion), E1VFVN30 (25 billion), FUEVFVND (24 billion), and VIX (21 billion VND).
Macro Factors Favorable: VN-Index Poised to Hit 2,279 Points, Says VCBS
According to VCBS, average liquidity in 2026 is projected to reach 27,000–29,000 billion VND per session.
Stock Market Plunges from Historic Highs
The VN-Index has retreated from its historic peak of 1,900 points as profit-taking pressure intensifies among large-cap stocks.
Brokerage Firms’ Proprietary Trading Desk Unloads Hundreds of Billions in Shares During the 14/1 Session
Proprietary trading firms net sold VND 63 billion on the Ho Chi Minh Stock Exchange (HOSE).
VN-Index Projected to Reach 2,040 Points by 2026, According to ACBS
In 2026, ACB Securities’ Market Analysis and Strategy Division (ACBS) forecasts the VN-Index to reach 2,040 points under its base-case scenario. ACBS’s 2026 strategic portfolio emphasizes leading stocks in banking, retail, residential real estate, and public investment sectors.
Technical Analysis for the Afternoon Session of January 16: An Impressive Recovery
The VN-Index staged a remarkable recovery, marked by a long green candle, while sustaining trading volumes above the 20-day average for multiple consecutive sessions. Conversely, the HNX-Index formed a Long Upper Shadow candlestick pattern, signaling significant selling pressure.
