Market Session Overview
The trading session on October 26 closed with mixed performance across the market. VNINDEX ended at 1,763.6 points, down 0.6%, reflecting a mild correction following the previous upward move. HNXINDEX fell 1.3% to 259.3 points, while UPCOMINDEX was nearly flat at 126.3 points, edging up 0.0%.
Liquidity remained at a notable level, but cash flow was not spread evenly; instead, it concentrated in a handful of stocks with large trading volumes. From a technical perspective, many standout signals still appeared across all three exchanges, suggesting the market has not lost its momentum for selective buying across different stock groups.
Notable Stock Groups
On HOSE, the strongest gainers were TNH at +7.0%, MDG at +6.9%, CCI at +6.9%, VCA at +6.9%, and ILB at +6.8%. These were rare bright spots in a broader market that still leaned toward caution.
On the other side, notable decliners included KOS at -6.9%, FIR at -6.9%, SVD at -6.4%, LPS at -6.4%, and SFI at -6.0%. The wide price swings in both directions suggest that cash flow is prioritizing short-term opportunities over broad-based trend buying.
| Ticker | Performance | Note |
|---|---|---|
| TNH | +7.0% | Led the gainers |
| MDG | +6.9% | Attracted cash flow |
| CCI | +6.9% | Moved with positive peers |
| KOS | -6.9% | Heavy selling pressure |
| FIR | -6.9% | Weaker than the broader market |
Liquidity and Technical Signals
The most liquid stocks on HOSE remained VIX with 29.9 million shares, SHB with 29.3 million shares, and NVL with 28.8 million shares. High liquidity in these names shows that cash flow is still present, although it has not built enough consensus to lift the index as a whole.
On the composite technical rating, HOSE's standout stocks included FPT at 74.9, DHC at 74.4, ADP at 74.4, HAH at 72.0, and FDC at 71.9. On HNX, the leading signals were SAF at 73.9, AMC at 73.4, VNC at 72.0, PTS at 72.0, and TTC at 71.4. On UPCOM, the notable group comprised CMF at 85.4, VLB at 80.2, VNZ at 77.3, SAS at 76.9, and ABW at 75.7.
Sector Analysis
Looking at the sector landscape, performance continued to show divergence rather than a unified trend. Sectors with high liquidity and strong technical signals remained in focus, while many stocks faced heavy correction pressure, weakening market breadth.
From a short-term perspective, this condition indicates that demand remains selective, driven by individual stock stories rather than expanding across the entire market. This helps limit the risk of an immediate deep decline, but it also means any rebound would likely be localized and difficult to sustain without additional liquidity.
Outlook and Watch Levels
In the next session, VNINDEX needs to hold steady around the 1,760-point level to avoid increasing pressure to retest lower support. If demand continues to concentrate in liquidity-leading stocks with strong technical signals, the market could see a selective rebound.
Conversely, if market breadth continues to weaken and the large-cap liquidity group fails to sustain its appeal, short-term volatility could persist for some time. Investors should closely monitor how stocks with high composite signals react, along with liquidity trends in the coming sessions.
The data is for analytical and informational purposes only; it does not constitute investment advice.