After a strong gain session yesterday, the stock market suddenly fell into a state of decline when entering today's trading session on December 30th. The VN-Index fluctuated and reversed to below the reference level afterwards.
However, the decrease was not large, while cash flow focused on the bluechip group with some bank stocks being the focus, prompting expectations that the index would quickly recover.
At the close of the trading session on December 30th, VN-Index increased by 12.06 points (+0.69%), to 1,766.9 points. Total trading volume reached more than 639.6 million units, worth 20,691.5 billion VND.
Liquidity is not too excited, showing the cautious sentiment of investors when the market enters the last trading days of 2025.
Regarding foreign investors' transactions, the group of foreign investors returned to net buying positively of 981 billion VND on the entire market. On HoSE, foreign investors net bought nearly 1,000 billion VND. MWG shares were net bought the most by foreign investors with a value of about 344 billion VND, FPT was also net poured more than 242 billion VND. Followed by STB (168 billion VND), VPB (124 billion VND) and GEX (63 billion VND), all in the group with significant disbursement.
The bluechip group with green dominating greatly and still being the largest contributing VIC helped VN-Index have another positive upward session.
If in tomorrow's trading session on December 31, the last trading session of 2025, the market has nothing too volatile, then this year, VN-Index will record an increase of more than 500 points from the threshold of more than 1,266 points.
The stock market has confirmed a strong resistance zone around 1,800 points when selling pressure focused on a large pillar stock group, causing the index to fluctuate strongly in the short term.
However, the general movement of the remaining part of the market is still relatively stable, showing that the recovery trend from the bottom of November is maintained with alternating ups and downs. The strong correction from the VIN group also opens up opportunities to test the supply-demand strength and leadership ability of key industry groups.
In the context of the market transitioning between cycles when 2026 is the first year of implementing the 5-year socio-economic development plan 2026-2030 with a GDP growth target of over 10%, many investors are having difficulty determining strategies for the coming year, especially when macroeconomic prospects and industry groups that may lead the market are very difficult to grasp.
Analysts assess that the stock market in 2026 will face two major pressures that make investor sentiment more cautious.
First, VN-Index is approaching the historical peak of 1,800 points with the leadership of some individual pillar stocks, raising concerns about the possibility of a deep correction if cash flow does not spread to other industry groups soon.
Second, the general level of savings interest rates is forecast to increase, closing the cheap money period of 2023 - 2025 and reducing the relative attractiveness of the stock channel.
Faced with the above variables, smart money flow is tending to shift to stock groups with good fundamentals and reasonable valuations, in order to manage risks and seek long-term sustainability.
