In the trading session on January 22, the stock market continued to bear main pressure from some bluechip stocks such as VHM, VIC, GAS...
However, the market has recovered quite well thanks to the positive recovery of banking and real estate stocks. After most of the time maintaining green color, VN-Index faced strong selling pressure in the ATC session, causing the general index to fall below reference.
Thanks to VIC's reversal in the last minutes, the market closed down by only nearly 3 points compared to yesterday, stopping at nearly 1,883 points. Liquidity maintained a high level with the trading value on HoSE jumping to more than 33,600 billion VND. Foreign investors' transactions were a minus point when net selling was about 1,510 billion VND. In which, VHM was sold the strongest by more than 451 billion VND, VCB followed by nearly 335 billion VND.
Notably, DGC stock code of Duc Giang Chemicals increased to the ceiling price for two consecutive sessions, entering the group of supporting stocks, helping VN-Index not to fall too deeply today. Only after nearly an hour of trading, DGC shares of Duc Giang Chemical Group increased to the full range of 73,800 VND per unit. The electricity board was continuously in a state of "white" on the selling side when the orders issued were quickly matched. This code maintained its price until the end of the session with a liquidity of nearly 667 billion VND, the 12th highest on the HoSE.
DGC is one of the 15 stocks that increased to the full extent on the HoSE exchange today and ranked 4th in the group of stocks contributing the most increase to the market. Many of these stocks are stocks of state-owned enterprises.
The general index is mainly affected by VCB, GAS, VHM, BID codes. In addition to the support from the group of state-owned enterprises, the market also recorded good growth in the real estate industry. CEO, DIG, CII and HDC simultaneously went flat. Other codes such as DXG, KDH, KHG, TCH or NLG all increased by more than 2-6%.
Today's decline session is assessed by investors as not too negative and has not broken the upward trend that was formed before. The market is showing signs of a period of hesitation when VN-Index moves in a range of around 1,870-1,900 points.
The index is still in the price increase channel and is highly likely to move towards the resistance of 1,930-1,960 points in the coming sessions. At this level, some opinions suggest that selling pressure will increase more strongly and it is highly likely that VN-Index will have a correction phase.
Cash flow on the stock market in general is still mainly concentrated in large-cap groups, but some midcap groups are also recording signs of recovery when attracting the return of interest from cash flow.
In the newly released market assessment report, Dragon Capital assessed that the market has absorbed large net selling volumes and strong growth, showing that the Vietnamese capital market has reached enough depth for domestic liquidity to establish near-margin prices.
Vietnam enters 2026 with a clear growth momentum. We no longer have to doubt the country's basic strengths, but what is important is the confidence of domestic investors and the implementation of policies that can transform into sustainable growth and thereby attract back international capital flows. We believe that when Vietnam brings a profit growth rate of 15-20% supported by a GDP growth rate of 8-10%, the return of foreign capital flows becomes a matter of timing rather than confidence," Dragon Capital said.
