Trading Session Overview
The market closed on 12/10/2026 with clearly divergent performance across exchanges. On HOSE, VNINDEX closed at 1,721.0 points, down 0.8%, with liquidity of 578.7 million units, indicating that profit-taking pressure remains present even though cash flow has not exited the market.
Conversely, HNXINDEX rose 1.2% to 264.7 points, and UPCOMINDEX gained 0.4% to 124.7 points. The overall picture suggests that cash flow continued rotating into mid- and small-cap stocks, while HOSE faced correction pressure across many large-cap stocks.
Notable Stock Groups
On the upside, several HOSE tickers surged strongly, with BCE (+7.0%), DTT (+7.0%), CLW (+6.9%) and PTC (+6.9%) standing out. This group shows that short-term momentum still emerged in individual stocks, even though market breadth has not yet been truly broad-based.
On the downside, KOS (-7.0%), PMG (-6.9%), PNJ (-6.9%), TPC (-6.9%) and VDP (-6.9%) were among the stocks facing the heaviest selling pressure. This development reflects short-term rotation and a clear divergence between stock groups.
| Ticker | Price | Change | Liquidity |
|---|---|---|---|
| SHB | 10,400 | +4.0% | 40.3M |
| HPG | 20,700 | +3.0% | 31.1M |
| VPB | 24,400 | +2.5% | 30.8M |
Sector Analysis
The banking sector remained the focal point for liquidity, with SHB, HPG, VPB and TCB leading in trading volume. This suggests that cash flow still favors leading stocks, but has not yet built a consensus uptrend across the entire market.
In the construction materials and industrial metals groups, NKG rose 6.9%, while HPG and HSG both held in the green. Momentum in these groups is coming more from active trading than from a sustainable, broad-based trend.
HNX and UPCOM
On HNX, THD rose 10.0%, MKV gained 9.8%, CAN climbed 9.7% and POT increased 9.5%, indicating that the rebound in mid- and small-cap stocks remains fairly strong. On UPCOM, NNT and PCC both gained 14.9%, making them the most notable bright spots of the session.
Notable Technical Signals
The leading technical signals by composite score include DMX at 76.6 with RSI 23 and a bullish MACD; VBB at 76.3 with RSI 57 and a bullish MACD; and MDG at 75.1 with RSI 55 and a bullish MACD. These tickers are showing relatively solid signal foundations under the MM3 analytical model.
Outlook and Risks
In the short term, the 1,720-point zone for VNINDEX remains a key level to watch closely. If buying demand does not expand into more sectors, the market will likely continue to move in a divergent pattern, with gains concentrated in stocks that have their own stories.
On the other hand, liquidity holding near high levels suggests cash flow has not left the market but is rotating very quickly among stock groups. Investors should watch the support zone around 1,720 points and the resistance zone above as the index attempts to recover in the coming sessions.
The data is for analytical and informational purposes only and does not constitute investment advice.