After a series of 7 consecutive declining sessions, the stock market has recovered and maintained the important psychological milestone of 1,800 points in the trading session on January 29. However, trading volume continued to decrease below the 20-session average, showing that investor sentiment is still highly cautious.
This has caused the stock market to have a trading session at the end of the week today (January 30) with fluctuations after the first half of the morning session. Entering the afternoon session, the market had more positive signals, helping VN-Index to rise above the threshold of 1,830 points quite firmly.
Closing today's trading session, VN-Index increased by 14.06 points (+0.77%), to 1,829.04 points. Total trading volume reached more than 875.7 million units, value of 28,291.5 billion VND, an increase of 21% in volume and 11% in value compared to yesterday's session. Foreign investors' transactions are a plus when net buying is about 741 billion VND.
In today's session, the trio of bank stocks VCB, TCB and BID were the largest contributors to the VN-Index with nearly 6 positive points. In which, BID increased by 3.9% to 53,900 VND, TCB +2.9% to 35,900 VND and VCB slightly increased by 1%.
Promoting the index also comes from the dominant green color in the VN30 group, with VJC stock leading with +4% up to 170,500 VND, MWG +3.8% up to 92,900 VND, BCM +3.2% up to 68,100 VND, TPB +3% up to 17,200 VND, ACB, VPB, HDB, VIB, MBB, PLX stocks increasing positively. Small and medium-cap stocks with some real estate and construction stocks continued to recover, with NVL, VGC, DHC, LDG, EVG all closing at the ceiling price.
Looking back at the market, in the past week, VN-Index decreased by 41.75 points, equivalent to -2.2% from over 1,870 points. Today is also the last trading session of January 2026, and in the first month of 2026, VN-Index still recorded an increase of 80.55 points, equivalent to +4.6% from over 1,748 points in the last session of December 2025.
The VN Index has officially lost the support level around 1,850 points, after a period of accumulation lasting below the 1,900 point threshold, showing that selling pressure is gradually prevailing.
Analysts from HSC Securities Company believe that noteworthy short-term risks come from seasonal factors, when individual investors' cash flow tends to withdraw before the Lunar New Year holiday.
Liquidity may therefore continue to weaken and remain at a lower than average level for a period of time, especially in the context that profit-taking pressure is still present. This makes the current correction phase likely not only technical in a few sessions, but may extend to the post-Tet period, from mid to late February.
Although the medium-term outlook is still positively assessed, HSC experts believe that the current market valuation is no longer cheap. VN-Index is trading around a P/E ratio of 18.1 times, significantly higher than the 5-year average.
Meanwhile, foreign capital recently tends to focus strongly on markets such as Taiwan (China) and South Korea, where the growth story revolving around artificial intelligence and semiconductors is creating a clear attraction.
In the context of increasingly fierce capital flow competition, the Vietnamese market needs to rely more on the actual profit growth of businesses, especially leading businesses. The current business results announcement season will be an important test, when only businesses that exceed expectations will continue to attract cash flow," experts from HSC concluded.
