Market Session Overview
During the midday session of October 13, 2026, the Vietnamese stock market continued to move in a clearly divided state. The VN-Index stood at 1,715.26 points, down 0.33%, reflecting that short-term profit-taking pressure remained present on HOSE. Overall market liquidity was maintained, but cash flow was mainly concentrated in a few leading stocks rather than spreading broadly.
On the other hand, the HNX-Index rose to 267.33 points, equivalent to +1.00%, indicating that short-term recovery momentum persisted in a portion of the stocks on this exchange. The UPCOM-Index retreated to 124.38 points, down 0.28%, reinforcing a picture of narrow but highly divergent fluctuations across the market.
Breadth and Liquidity
Breadth on HOSE leaned toward a tug-of-war state rather than a consensus trend. Advancing and declining stocks were interspersed, with many stocks moving sharply on their own individual stories, while cash flow continued to favor stocks with high liquidity.
Notable liquidity on HOSE was concentrated in HDB with 17.8 million shares, followed by SHB with 13.9 million and TCB with 11.6 million. This suggests that trading momentum remains, but has not yet built enough breadth to drive the market along a unified upward trend.
Standout Stocks
On the gaining side, notable HOSE stocks included TPC at +6.9%, NAV at +6.9%, and BCE at +6.9%. These are noteworthy bright spots against a backdrop where the overall market continues to face divergent pressure.
On the declining side, KOS lost 7.0%, CRE fell 6.8%, and TNC dropped 6.7%. The wide fluctuation range on both sides shows that cash flow is highly selective, rather than spreading across industry groups.
Sector Analysis
The banking sector remained the focus of trading with high liquidity, but price performance was divergent. HDB and TCB attracted strong cash flow, while SHB slipped 1.9%, showing that stocks within the same sector can react very differently.
In other sectors, divergence was also clearly visible through opposing gains and losses among individual stocks. In this context, monitoring individual stocks is more important than looking at the market as a whole through the broad index.
Notable Technical Signals
Several stocks are showing positive technical signals based on the data provided. PVT achieved a composite score of 74.8 with a neutral RSI, a rising MACD and a rising EMA; DMX reached 74.6 with its RSI in oversold territory; and TLG scored 71.4 with both its MACD and EMA tilting positively.
These signals suggest there remains room for short-term recovery in certain individual stocks, but they are not yet sufficient to conclude a broad trend for the overall market. Meanwhile, the general backdrop still leans toward narrow fluctuations and high divergence.
Short-Term Outlook
For the remainder of the session, the 1,715-point zone on the VN-Index is a key level to watch closely, while the HNX-Index continues to serve as an indicator of short-term recovery momentum in mid- and small-cap stocks. UPCOM still reflects the highly selective state of cash flow.
A more reasonable scenario at this point is that the market continues to move sideways, with opportunities emerging in stocks with good liquidity and improving technical signals, rather than a broad-based, sector-wide rally.
The data is for analytical and informational purposes only; it is not investment advice.