Market before the 14/08 session: VN-Index loses the 1,780-1,800 zone, banks diverge

Market Overview Before the 14/08 Session

The previous trading session left a clearly cautious tone as VNINDEX lost the 1,780-1,800 point zone and formed a short-term reversal signal. According to market data, the index closed at 1,765.6 points, down 27.6 points, or -1.5%. HNXINDEX also fell 5.1 points to 283.3 points, equivalent to -1.8%, while UPCOMINDEX edged up 0.6 points to 128.1 points, or +0.4%.

The backdrop heading into the new session leans more toward defense than enthusiasm. The nearest support for VNINDEX sits around 1,750 points, while the 1,775-1,810 point zone and the 1,800 point level remain resistance areas, where notable selling pressure could emerge if a technical rebound takes place.

International Developments and the Banking Sector

Positive news from the banking sector suggests that second-quarter 2026 profit prospects are improving, supported by credit expansion, a recovery in NIM, and better fee income. However, the impact may be uneven, as the market still faces risks related to capital costs, asset quality, and credit quota allocation. As a result, the leading group is more likely to move in a divergent fashion rather than rise in unison.

In this context, today's opening may hover around a balanced zone, with any rebound driven mainly by technical factors. Liquidity and the reaction of large-cap stocks will be two key variables to watch closely from the very start of the session.

Notable Stocks

From a short-term perspective, a number of stocks continue to show relatively strong performance compared with the broader market. Technical data is recording high composite scores for SJG, AIG, and TVN.

Conversely, stocks with sharp moves, either steep declines or sudden spikes in the previous session, remain present, indicating high divergence across the market. This reinforces the view that money flow is currently becoming more selective rather than spreading broadly.

Liquidity and Market Breadth

Trading liquidity on the HOSE is significantly concentrated in a few high-volume stocks. SHB recorded 60.1 million shares, VIX reached 55.3 million shares, and TCB reached 33.9 million shares. These names are worth noting when tracking short-term money flow.

Among the notable HOSE stocks, NVT rose 7.0%, DRH gained 6.5%, and SBT gained 6.5%. On the downside, SPM fell 7.0%, ABR dropped 6.7%, and VID declined 6.2%. Breadth of this kind shows that divergence continues to dominate investor sentiment.

HNX and UPCOM Movements

On HNX, strong gainers included SGH and BTW, both up 10.0%, while PJC fell 9.7% and HTC dropped 9.4%. On UPCOM, HMG surged 38.3% and PTT rose 15.0%, whereas FTI fell 32.4% and MIE declined 25.0%.

Pre-Session Outlook

In the morning session on August 14, the base scenario is for the market to fluctuate cautiously around the support zone near 1,750 points. If buying demand is strong enough, the index could retest the 1,775-1,810 point range; conversely, selling pressure in leading stocks could cap any early rebound.

Investors should watch how VNINDEX reacts at the support zone, along with divergent moves in the banking sector and high-technical-score stocks such as SJG, AIG, and TVN. These will be key signals in determining whether the opening rally is a technical rebound or merely a temporary state of equilibrium.

Quick Summary Table

The data is for analytical and informational purposes only; it does not constitute investment advice.