Overview of the trading session
Midday trading on April 13, 2026, saw a clear divergence in the Vietnamese market. The VNINDEX fell 0.46% to 1,741.94 points with a trading volume of 430.5 million shares, indicating that supply was still present but had not yet created a widespread selling pressure across the entire market.
The flow of money continued to rotate within individual stocks, rather than spreading widely. On the HOSE, the most actively traded stocks included SHB with 45.6 million shares, CII with 36.8 million shares, and VIX with 16.1 million shares.
From a broader perspective, the HNXINDEX edged down 0.10% to 251.67 points, while the UPCOMINDEX rose 0.12% to 127.53 points. This development reflects a market context that leans towards selective stock trading rather than a consensus trend based on the index.
Outstanding stocks on HOSE
The group of stocks that surged during the session showed a clear rotation towards individual stocks. Leading the way was AGM, up 11.1% to 2,000 VND, followed by SMA, up 6.9% to 8,500 VND, TNC, up 6.9% to 29,400 VND, and CII, up 6.7% to 19,800 VND.
Conversely, some stocks experienced significant downward pressure, including PNC, down 7.0% to VND 26,000; MDG, down 6.9% to VND 37,900; and HRC, down 6.9% to VND 40,750. This large fluctuation range indicates that the risk of localized volatility remains very high.
| Code | Price | Fluctuations | Mass |
|---|---|---|---|
| AGM | 2,000 | +11.1% | 268,900 |
| SMA | 8,500 | +6.9% | 300 |
| TNC | 29,400 | +6.9% | 100 |
| PNC | 26,000 | -7.0% | 100 |
| MDG | 37,900 | -6.9% | 10,400 |
| HRC | 40,750 | -6.9% | 5,500 |
Liquidity and cash flow
The highest liquidity remains concentrated in highly publicized stocks. SHB leads the entire HOSE with 45.6 million shares, followed by CII with 36.8 million shares and VIX with 16.1 million shares.
It's worth noting that high liquidity doesn't necessarily equate to a sustainable uptrend. Some stocks are still trading strongly within narrow ranges or experiencing technical weakness, indicating that short-term capital is prioritizing opportunistic gains rather than long-term holdings.
Industry analysis
The Construction Materials group stood out thanks to CII's 6.7% increase and very high liquidity, while the Electricity group showed many positive signs with POW rising 1.2%, GEG rising 2.0%, and SJD maintaining good technical signals. The Chemicals group also maintained a positive trend with DGC rising 1.9%, CSV rising 2.4%, and BMP rising 1.1%.
Conversely, Retail , Technology , and Food sectors faced relatively clear downward pressure. MWG fell 2.1%, FPT fell 1.8%, while MSN dropped 1.7% and DBC declined 1.1%.
Notable technical signals
Among the prominent technical signals, SJD achieved a composite score of 75.9 with an RSI of 53, and both MACD and EMA leaning towards an upward trend. This group of signals indicates that the positive sentiment is still being maintained, although a strong trend breakout has not yet occurred.
Next is CLC with a composite score of 74.1 and an RSI of 45; SFI also reached 74.1 with an RSI of 57. Conversely, VIX has an RSI of 71 and a declining EMA , indicating a higher risk of short-term volatility than the overall average.
| Code | Overall score | RSI | Signal analysis |
|---|---|---|---|
| SJD | 75.9 | 53 | MACD / EMA is trending upwards. |
| CLC | 74.1 | 45 | MACD / EMA is trending upwards. |
| SFI | 74.1 | 57 | MACD / EMA is trending upwards. |
HNX and UPCOM: Strong differentiation, opportunities for selection still remain.
On the HNX , liquidity was concentrated in SHS with 17.4 million shares and CEO with 7.95 million shares. Notable gainers included FID ( up 10.0%), HAT ( up 9.9%), and BXH (up 9.8%), while KSQ ( down 13.3%) and SDA (down 10.0%).
On UPCOM , stocks with dramatic gains such as ONW ( up 38.9%), PTE (up 35.7%), GER (up 25.0%), and DCH ( up 25.0%) show a high degree of divergence. Nevertheless, the technical signals of MQN , IST , HEC , TDB , and MTP still lean towards an upward trend with positive MACD and EMA indicators.
Short-term outlook
In the short term, the market is likely to remain selective, with capital flows prioritizing stocks with unique stories and strong technical signals. The VNINDEX is experiencing slight downward pressure but has not yet shown signs of widespread weakness.
The index's nearest trading range to monitor remains around 1,740 points, while 1,750 points is still a significant psychological threshold. The main risk currently is the high degree of divergence and the potential for strong short-term fluctuations in rapidly rising stocks.
This data is for analytical and informational purposes only; it is not investment advice.