After the first 2 trading sessions of the last trading week of the Year of the Snake were sluggish with low liquidity, the stock market suddenly brightened when entering today's trading session (February 11).
Right at the opening of the trading session, the cautious sentiment in the first 2 sessions of the week suddenly disappeared, instead, investors boldly poured money into buying banking and securities stocks, a few pillar stocks belonging to the real estate group, helping VN-Index rebound right at the beginning of the session.
At the end of the trading session, VN-Index increased by 42.82 points (+2.44%), to 1, 796.85 points. This figure puts Vietnamese stocks in the top of the strongest growing markets in Asia in the recent session.
The breadth of the whole market with overwhelming green color when buyers had 529 gainers and sellers had 192 losers. Similarly, in the VN30 basket, green color was somewhat overwhelming with 27 gainers and 3 losers.
Market liquidity increased compared to the previous trading session, with the matched order trading volume of VN-Index reaching more than 808 million shares, equivalent to a value of more than 24,000 billion VND.
Foreign investors' transactions became a plus point when continuing the net buying momentum of nearly 2,175 billion VND. This is also the strongest net buying session since the end of October 2025 calculated according to order matching transactions.
Regarding the level of impact, VIC, VPB, VCB and BID are the codes with the most positive impact on VN-Index with more than 23.7 points of increase. In the opposite direction, GAS, GVR, PLX and BHN are codes that are still under selling pressure and take away more than 3.6 points from VN-Index.
The stock market increased with green color covering most industry groups. In which, the real estate industry is the group with the best growth momentum in the market with 4.1% mainly from codes VIC (+6.57%), VHM (+1.68%), DXG (+6.46%) and KDH (+3.44%).
Following the recovery momentum are the finance and non-essential consumer sectors with increases of 2.77% and 2.11% respectively. In the banking group, increased supply pressure in the afternoon session significantly slowed down VCB's increase, closing only up 2.54% to 64,700 VND, while the morning session increased by more than 4%. Similarly, STB also only increased by 2.7% to 61,100 VND, although the morning session increased by nearly 5%.
Meanwhile, EIB had a trading session with a ceiling price of 21,400 VND with liquidity reaching more than 6.5 million units, the ceiling buy order surplus increased to more than 13.4 million units.
One stock that also had a notable trading session was MBB, reaching a trading volume of more than 104.5 million shares. Foreign investors strongly net bought until the "room" in this code was exhausted. Meanwhile, the oil and gas group with 2 representatives GAS and PLX decreased quite sharply by 5.29% to 102,000 VND and 3% to 51,700 VND. While PVD successfully reversed when closing with a light green color.
It can be seen that, contrary to concerns about sluggish trading near Tet, Vietnamese stock investors continue to pour money into the market.
According to SSI Research, historical data shows that the probability of the market increasing points around Tet is relatively high, with a potential increase of 87.5% in the week before Tet and a potential increase of 75% in the two weeks after Tet.
The analysis group believes that liquidity may slow down in the last week before the Lunar New Year holiday, and then recover after Tet. The market is assessed to be able to recover after the recent adjustment in the context of the business results announcement season.
According to SSI Research, this shows that investment opportunities in the coming month may be more attractive, especially when some businesses in the banking, retail and real estate sectors have announced profit plans for 2026 with a growth target of 20-30%. The cooling of overnight interest rates in the recent week is also considered a factor supporting short-term psychology.
In the medium and long term, SSI Research maintains a base scenario with a target of 1,920 points for VN-Index in 2026. The market is currently trading at a projected P/E ratio of 2026 of about 13 times, lower than the 10-year average. However, the increase in margin debt from the fourth quarter of 2025 may increase market volatility in the near future.
