Market Overview of the Trading Session
During the midday session on September 4, the market maintained a positive tone as VNINDEX rose to 1,847.5 points, up 1.1%. Liquidity on HOSE remained a notable anchor, with cash flow concentrated in actively traded stocks, while HNXINDEX was nearly flat at 282.2 points (-0.0%) and UPCOMINDEX edged down to 127.7 points (-0.0%).
Overall, market breadth still leaned toward gains on the main exchange, though divergence across the other exchanges remained quite clear. This type of setup often accompanies an upward move that is not yet fully unified, so short-term fluctuations should still be monitored closely.
Notable Stocks
Among the leading names on HOSE, the top gainers were COM +7.0%, NVT +7.0%, TNI +7.0%, PNC +6.9%, and TPC +6.9%. On the other side, stocks under selling pressure included VSI -6.9%, ABR -6.2%, SBV -5.3%, PMG -4.8%, and NSC -4.7%.
| Symbol | Change |
|---|---|
| COM | +7.0% |
| NVT | +7.0% |
| TNI | +7.0% |
| PNC | +6.9% |
| TPC | +6.9% |
| VSI | -6.9% |
| ABR | -6.2% |
| SBV | -5.3% |
| PMG | -4.8% |
| NSC | -4.7% |
Sector Analysis
The real estate sector continued to show significant divergence: VIC gained 3.9% and VHM rose 2.9%, while DXG fell 2.1% and KDH dropped 1.7%. In banking, VPB rose 1.7%, TCB gained 0.8%, and SHB added 0.4%, while HDB declined 0.6% and VCB was nearly unchanged.
The financial services group maintained a slightly positive tone, with VIX up 0.4%, SSI up 0.7%, VCI up 0.9%, and VND up 0.3%. In oil and gas, BSR was among the technically noteworthy names but still eased slightly by 0.2%, suggesting that cash flow is becoming more selective rather than spreading evenly across the market.
Notable Technical Signals
On HOSE, the standout signals included BTT at 75.2, BSR at 73.0, HDB at 72.1, PVP at 71.9, and SMB at 71.2. On HNX, the leaders were SAF at 76.2, KST at 74.7, PRE at 74.3, CCR at 72.9, and GMX at 72.5. On UPCOM, the strongest names were CMF at 87.4, AIG at 81.4, MZG at 78.4, XMP at 75.0, and VEA at 74.4.
| Exchange | Code | Composite Score |
|---|---|---|
| HOSE | BTT | 75.2 |
| HOSE | BSR | 73.0 |
| HOSE | HDB | 72.1 |
| HNX | SAF | 76.2 |
| HNX | KST | 74.7 |
| HNX | PRE | 74.3 |
| UPCOM | CMF | 87.4 |
| UPCOM | AIG | 81.4 |
| UPCOM | MZG | 78.4 |
Liquidity and Market Breadth
Liquidity on HOSE is concentrated heavily in VIX with 11.6 million shares, followed by DXG at 9.9 million, VPB at 9.6 million, SHB at 9.2 million, and VHM at 8.5 million shares. This signals that cash flow still favors stocks with high recognition and liquidity.
On HNX, strong gainers such as TTL +9.8%, PTD +9.1%, GIC +8.9%, and VIT +8.9% show that buying momentum is still present among mid- and small-cap stocks. UPCOM also saw very sharp moves, with PXM +33.3% and CAD +33.3%, but steep declines at FTI -32.4% and HKB -25.0% serve as a reminder of the high risk level on this exchange.
Outlook and Risks
In the short term, VNINDEX remains in a positive state, holding above the 1,847.5 point zone, but the market has not yet reached full consensus across all exchanges. If cash flow continues to support leading groups such as banking, financial services, and a number of individual stocks with strong technical signals, the index could keep testing higher levels.
Conversely, the main risk at this point lies in divergence and rapid profit-taking in stocks that have already risen sharply. Investors should watch how the index reacts around short-term support zones, while also monitoring whether cash flow continues to spread into the remaining groups.
This data is for analytical and informational purposes only; it is not investment advice.