Overview of the trading session
The trading session on April 17, 2026 closed with a clear divergence across the market. The VNINDEX closed at 1,817.2 points, down 0.2%, while the HNXINDEX rose 1.4% to 260.0 points and the UPCOMINDEX edged up 0.1% to 128.4 points. Liquidity continued to concentrate in leading stocks, indicating that capital flows remained selective rather than evenly distributed.
On the HOSE exchange, stocks with outstanding trading volumes included SHB with 65.6 million shares, VIX with 30.4 million shares, VPB with 25.7 million shares, and HCM with 24.2 million shares. Conversely, the downward pressure from VHM's 5.2% drop continued to impact the overall index, although many stocks in the banking and retail sectors maintained their attractiveness to investors.
Outstanding stock group
The most notable developments in the HOSE basket came from the group of stocks with strong gains, such as MWG up 6.9%, GVR up 4.0%, and BSR up 3.5%. These stocks contributed to improving market sentiment amidst the lack of strong breakouts in the overall index.
- MWG : Leading the rally in the retail sector, attracting significant capital inflows.
- GVR : Maintaining a positive upward trend after a period of consolidation.
- BSR : Benefiting from the recovery of the oil and gas sector.
On the downside, VHM exerted the biggest downward pressure with a 5.2% drop, followed by VIX down 1.7% and SSI down 1.0%. Overall, the securities and real estate sectors remained highly volatile, reflecting investors' cautious sentiment towards stocks that had risen rapidly earlier.
Industry analysis
Sector breadth reveals significant divergence among stock groups. The financial sector continues to be the focus with high liquidity in SHB , VIX , SSI , and HCM , while the retail sector stands out thanks to the upward momentum of MWG and improvements in some related stocks.
| Branch | Notable developments | Comment |
|---|---|---|
| Bank | SHB , VPB , TCB | Large capital flows continue to play a supportive role for the index. |
| Financial services | HCM , VIX , SSI | The market is highly differentiated and liquid, but the level of consensus remains low. |
| Retail | MWG , DGW , FRT | With a more positive sentiment, demand is concentrated on leading stocks. |
| Real estate | VHM , VIC , DXG | The pressure for a correction still exists, affecting the index. |
| Oil and gas | BSR , PLX , PVD | The recovery trend is selective and has not yet spread across the entire industry. |
On exchanges outside of HOSE, HNXINDEX rose 1.4% thanks to strong improvements in many mid- and small-cap stocks, with SGC , ADC , and NHC being among the standout gainers. UPCOMINDEX saw a slight increase but still recorded some very strong breakouts such as DCT , HKB , and PVH, all rising 20.0%.
Technical signals and outlook
Technical data shows that many stocks remain in a selectively positive state. Notable signals on HOSE include SJD with a composite score of 76.5, DSE 76.4 and HPA 76.1; on HNX, respectively, VBC 75.4, BCF 75.1 and VNC 72.4; and on UPCOM, VVS reached 74.4, MTP 74.0 and LPT 73.0.
In the short term, the 1,800-point level remains a crucial psychological benchmark for the VNINDEX , while the area around 1,820 points should be monitored as a near-term resistance zone. If the index maintains its current liquidity and the financial and retail sectors continue to lead, the market may continue to move in an upward consolidation phase. Conversely, pressure from large-cap stocks like VHM remains a factor to watch in the coming sessions, along with the flow of money in the securities and real estate sectors.