Overview of the trading session
The Vietnamese stock market on April 13, 2026, showed a clear divergence. The VN-Index rose 0.5% to 1,758.96 points , while the HNX-Index fell slightly by 0.1% to 251.66 points and the UPCOM-Index increased 0.3% to 127.70 points . Market liquidity remained high, indicating that capital is still present but not yet evenly distributed across all large-cap stocks.
On the HOSE, trading value and volume were heavily concentrated in a few leading stocks such as SHB , CII , VIX , and NVL . This reflects the trend of shifting capital towards highly volatile stocks, while the banking and technology sectors showed quite clear differentiation.
Outstanding stocks on HOSE
The real estate and construction materials sectors were two notable bright spots in the session. VIC rose 5.5% to VND 160,000 , NVL increased 2.4% to VND 17,200 , and VHM gained 1.5% to VND 122,900 . In the materials sector, CII surged 6.7% to VND 19,800 with trading volume exceeding 39.1 million shares, while HHV and DPG also maintained their gains.
Conversely, the banking and technology sectors faced downward pressure. SHB fell 2.6% to VND 15,000 but still led the market in trading volume with over 115.2 million shares; MBB fell 0.9% , VPB fell 1.5% , and FPT lost 2.2% to VND 76,000 . This development shows that money is not withdrawing from the market, but is instead being heavily selective across sectors and individual stocks.
Liquidity and cash flow
| Code | Price | Fluctuations | Mass |
|---|---|---|---|
| SHB | 15,000 | -2.6% | 115.2 million |
| CII | 19,800 | +6.7% | 39.1 million |
| VIX | 18,050 | 0.0% | 33.4 million |
| Raw materials | 17,200 | +2.4% | 29.3 million |
| HPG | 27,800 | -0.7% | 23 million |
In terms of cash flow allocation, the largest volume continues to be seen in highly speculative stocks or those with unique stories. SHB , CII , VIX , NVL , and HPG are all among the leading stocks in terms of liquidity, implying that investors still prioritize short-term trading over holding based on broader trends.
Industry analysis
The real estate, construction materials, and oil and gas sectors showed relatively better performance than the overall market. VIC , NVL , VHM , CII , and GEX were notable representatives of positive capital flows. Meanwhile, banking, technology, and parts of the chemical sector experienced profit-taking pressure, especially in highly liquid stocks.
Conversely, FPT fell 2.2% , GVR fell 3.1% , SHB fell 2.6% , and MSN fell 1.3% . This shows that differentiation is occurring not only between industries, but also within each group of large-capitalization sectors.
Notable technical signals
| Code | Overall score | RSI | Signal |
|---|---|---|---|
| DSE | 80.4 | 58 | MACD/EMA is rising. |
| SJD | 74.1 | 53 | MACD/EMA is rising. |
| SFI | 74.0 | 57 | MACD/EMA is rising. |
In the technical signal group, DSE leads with a total of 80.4 points, followed by SJD and SFI . These are all stocks with positive short-term trend structures, with MACD and EMA agreeing in an upward direction. However, DLG has entered the RSI 79 zone, indicating an increasing risk of overbought conditions and potentially stronger volatility in the coming sessions.
Developments in HNX and UPCOM markets
On the HNX , SHS was the most actively traded stock with over 24.6 million shares, but remained flat at 17,900 VND . CEO rose 1.2% with over 15.1 million shares traded, while NAP hit its ceiling price with a 10.0% increase, BXH rose 9.8% , PHN rose 9.7% , and SFN rose 9.2% . On the downside, KSQ lost 13.3% and SDA fell 10.0% .
On UPCOM , the divergence was even stronger, with many stocks experiencing sharp increases alongside those that fell deeply. ONW rose 38.9% , PTE 35.7% , and GER 25.0% , while SPH fell 32.0% and CAD 16.7% . This development shows that trading remains highly selective, prioritizing specific stories rather than the overall market consensus.
Short-term outlook and risks
With the VN-Index approaching the 1,760-point mark, the market is maintaining a positive momentum, but the increase is not very strong. Short-term resistance around the most recent peak could create profit-taking pressure if liquidity does not continue to improve. Conversely, the nearby support zone will be a factor to watch in case a correction occurs in leading stocks.
In terms of short-term probability, the scenario of alternating accumulation and volatility remains dominant, especially as capital is heavily concentrated in mid-cap and highly volatile stocks. Investors need to monitor the spread of capital to large-cap stocks, as well as the reaction of stocks showing signs of being overbought, such as DLG .
This data is for analytical and informational purposes only; it is not investment advice.