Trading Session Overview
The trading session on 22/05/2026 showed a clearly divided market across all exchanges. The VN-INDEX closed at 1,877.1 points, down 1.0%, with liquidity reaching 854.2 million shares. Meanwhile, the HNXINDEX rose 1.2% to 267.5 points, while the UPCOMINDEX fell 0.3% to 125.7 points, reflecting a fairly selective rotation of capital across the exchanges.
This development suggests that short-term correction pressure still dominates on the HOSE, although the magnitude of the decline was not large enough to fully break the medium-term trend. Capital flows continued to concentrate in the securities and banking sectors, with standouts including VIX, VND, and SHB.
Notable Stocks
On the upside, several HOSE tickers attracted stronger buying demand than the broader market, including VND, up 6.7%, SSI, up 1.7%, and VCI, up 1.6%. Conversely, selling pressure was heavy in SMA, down 6.8%, NHT, down 6.6%, and GEX, down 6.3%.
| Ticker | Performance | Liquidity |
|---|---|---|
| VIX | -2.9% | 67.5 million |
| VND | +6.7% | 45.5 million |
| SHB | -0.4% | 41.4 million |
Sector Analysis
The financial services group remained the focal point of liquidity on the HOSE, reflecting clear interest from short-term speculative capital. On the flip side, many real estate, oil and gas, and transport industrial stocks came under correction pressure, weakening overall market breadth.
From a technical standpoint, positive signals still emerged in several tickers with high composite scores, such as SAB (77.3), VCF (75.3), PVT (72.5), EVF (71.8), and VND (70.7). This implies that room for a technical rebound remains, but it is selective rather than broad-based.
HNX and UPCOM
On HNX, the HNXINDEX rose 1.2% to 267.5 points, led by standouts such as SHS, up 3.5%, MBS, up 2.1%, and CEO, up 1.8%. Stocks with stronger gains included CTT, up 9.7%, ALT, up 9.1%, and KSQ, up 9.1%.
The UPCOMINDEX fell 0.3% to 125.7 points, reflecting mild correction pressure, though volatility remained high among small-cap stocks. Notable gainers included DNN, up 38.6%, CAD, up 25.0%, PXM, up 25.0%, and DFF, up 25.0%.
Outlook and Risks
In the short term, the 1,877-point zone of the VN-INDEX is serving as an important level to watch. If buying demand improves among the leading stocks and liquidity holds at current levels, the index could see a technical rebound; conversely, significant volatility is likely to persist.
Investors should continue monitoring developments in the securities and banking sectors and high composite-score stocks, while also watching the market's reaction around the nearby resistance zone. For reference only, not investment advice.