Market Session Overview
The session on 28/09/2026 closed in red across all three main indices. VN-Index fell 0.25% to 1,780.68 points, while HNX-Index dropped 0.33% to 271.31 points and UPCOM-Index declined 0.20% to 124.96 points.
Liquidity on HOSE remained concentrated in large-cap stocks and key liquidity leaders, suggesting that capital has not left the market but is rotating very quickly between sectors. Dispersion has widened noticeably, with some stocks rising close to the ceiling price while many others were heavily sold near the close.
| Index | Points | Change |
|---|---|---|
| VN-Index | 1,780.68 | -0.25% |
| HNX-Index | 271.31 | -0.33% |
| UPCOM-Index | 124.96 | -0.20% |
Notable Stocks
On HOSE, the strongest gainers were concentrated among a few stocks with wide price bands. BVH rose 7.0%, CLW rose 7.0%, and STG rose 6.9%, making them the three most prominent names on the upside.
On the other side, profit-taking pressure was fairly strong across many consumer and personal goods stocks. PNJ fell 7.0%, HII fell 6.9%, and KOS fell 6.9%, standing out as the notable deep decliners.
| Ticker | Change | Notes |
|---|---|---|
| BVH | +7.0% | Strongest gain among notable stocks |
| CLW | +7.0% | Near ceiling price at close |
| STG | +6.9% | Maintained solid gains |
| PNJ | -7.0% | Heavily sold near the close |
| HII | -6.9% | Sharp downward pressure |
| KOS | -6.9% | Negative price movement |
Liquidity and Capital Flows
Trading activity remained concentrated in a handful of large-scale stocks on HOSE. SHB led with 38.7 million shares, followed by SSI with 30.3 million shares and VIX with 26.3 million shares.
This trend suggests that capital has not exited the market but is becoming more selective, favoring stocks with short-term leadership potential. This is also why market breadth weakened, even though several stocks still posted strong individual gains.
| Ticker | Volume | Role |
|---|---|---|
| SHB | 38.7 million | Largest liquidity |
| SSI | 30.3 million | Leading capital flows |
| VIX | 26.3 million | High trading activity |
Sector Analysis
The financial services sector remained actively traded but mixed. On HNX, PVS rose 5.7% and PVC rose 5.1%, while SHS fell 3.6% and MBS fell 3.1%.
On the positive side, BVH emerged as a bright spot in the non-life insurance segment, while several oil and gas and chemical stocks also maintained upward price signals. Meanwhile, the personal goods sector and some consumer stocks faced more noticeable selling pressure toward the close.
On UPCOM, price volatility remains very wide. PAP rose 15.0%, TRT rose 14.9%, but VHH fell 38.7% and FTI fell 32.4%, showing that risk at the individual stock level remains high.
Notable Technical Signals
The most positive composite signals in the available data belong to HDB with 74.0 points, TVS with 73.7 points, and GMD with 72.6 points. These signals are pointing toward upward price movement, but the broader market has yet to confirm a sustainable trend.
- HDB: 74.0 composite points, upward price signal
- TVS: 73.7 composite points, upward price signal
- GMD: 72.6 composite points, upward price signal
Outlook and Risks
In the short term, the 1,780-point zone of the VN-Index remains a key reference level. If demand holds in large-cap stocks and liquidity stays high, the index could find better balance; conversely, choppy trading will likely persist if cash flow fails to spread more broadly.
Investors should keep watching how leading sectors such as banking, financial services, real estate, and oil and gas respond in the coming sessions. Current data suggests opportunities still exist, but selectivity is now considerably higher than the market average.
This data is for analytical and informational purposes only; it is not investment advice.