Market Session Overview
During the midday session of 03/09/2026, the Vietnamese stock market continued to diverge sharply, with the VN-Index standing at 1,821.6 points, down 0.6%. Overall market liquidity remained high, with significant cash flow concentrated in a few leading stocks such as VIX, HPG, SHB, TCB, and VPB.
Developments during the session showed that correction pressure had not fully cooled, while on the other hand, several stock groups still retained their own momentum. This backdrop reflects a market in a state of capital rotation rather than broad-based consensus.
Notable Stocks
On HOSE, notable gainers included MDG, up 7.0%, TPC, up 6.9%, and CCI, up 6.8%. Conversely, the biggest decliners were NAV, down 7.0%, STG, down 6.8%, and FUCVREIT, down 6.6%.
The most liquid stocks on HOSE were VIX, with approximately 18.1 million shares matched, HPG, with 15.2 million shares, and SHB, with 13.2 million shares. These stocks attracted the largest cash flows during the session, even though overall volatility remained quite strong.
| Ticker | Performance | Liquidity |
|---|---|---|
| VIX | +1.1% | 18.1 million shares |
| HPG | -1.8% | 15.2 million shares |
| SHB | -1.6% | 13.2 million shares |
Sector Analysis
In the banking sector, red dominated, with TCB down 2.8%, VPB down 1.8%, VCB down 1.5%, SHB down 1.6%, and HDB down 1.3%. This development suggests that the traditional leading group was still under profit-taking pressure during the short-term correction.
In contrast, the chemicals and oil and gas sectors showed a more positive stance. DPM rose 4.5%, DCM rose 4.1%, BSR rose 2.8%, PLX rose 1.1%, and PVD rose 2.6%, indicating that cash flow was still seeking out certain defensive groups and those benefiting from their own specific stories.
Noteworthy Technical Signals
In the list of strong signals, LAF recorded a composite score of 75.1, BTT scored 75.1, GMD scored 74.9, BSR scored 73.0, and CLW scored 72.9. These stocks are maintaining a more positive technical stance than the market average.
On HNX, the HNXINDEX stood at 282.7 points, down 0.7%. Notable gainers included DDG, up 11.1%, PTD, up 10.0%, and SMT, up 9.9%, while TPP fell 9.5%, KSD fell 9.4%, and VLA fell 9.0%.
On UPCOM, UPCOMINDEX edged up to 127.8 points, a gain of 0.3%. Among the strong gainers, PNT rose 15.0%, DPC rose 14.7%, CPA rose 14.7%, TLP rose 14.5%, and MBT rose 14.4%; on the other side, FTI fell 32.4%, BBH fell 15.0%, and CBI fell 14.7%.
Outlook and Risks
With the VN-Index hovering around 1,821.6 points, the market still needs further confirmation from liquidity and breadth to form a more solid rebound. The short-term support zone remains a key level to watch closely, while volatility pressure could persist if large-cap stocks fail to regain consensus.
On the positive side, the fact that many stocks still maintain strong technical signals suggests that selective opportunities remain. However, in a context of high divergence, investors should prioritize monitoring cash flow and the reaction of leading groups in the coming sessions.