After the first two trading sessions of Binh Ngo Spring with green color, in today's session (February 25), profit-taking pressure from the pillar group caused VN-Index to adjust.
Closing today's trading session, VN-Index decreased by 6.7 points to 1,860.9 points, ending the 5-session consecutive increase before that. The positive point is that cash flow shows signs of recovery, the matched order value on the HoSE floor reached over 35.7 trillion VND.
In that context, foreign investors turned around and strongly net sold VND 911 billion across the market. On the HoSE exchange, foreign investors strongly net sold about VND 1,061 billion. On the buying side, foreign investors net bought the strongest HPG stock with a sudden value of about VND 1,700 billion. On the contrary, net selling pressure continued to rise in FPT stock with a value of nearly VND 2,400 billion in today's session.
On the HNX exchange, foreign investors net sold 53 billion VND and net bought about 203 billion VND on Upcom.
Today's cash flow does not focus on one industry group, but is distributed quite evenly, including steel (HPG), banking (SHB, TPB, MBB, VPB, STB, HDB), technology (FPT), securities (SSI, VIX), oil and gas (BSR, POW)...
In the opposite direction, in the Vingroup group, VIC slowed down the decline when closing down to only a decrease of 3.01% to 158,000 VND, VPL decreased by 2.99% to 81,000 VND, VHM decreased by 3.60% to 107,000 VND. Meanwhile, VJC eased the decline by 4.34% to 178,500 VND - the largest decrease in the VN30 basket; FPT decreased by 3.68% to 89,100 VND.
The analysis group of MB Securities Company (MBS) said that the stock market returned to trading after a long holiday, in the context of the world having a lot of information affecting from geopolitics to trade and the shift of capital flows to stock groups that are closely linked to the economic cycle.
Noteworthy information when the market reopens is the global tariff from 10% to 15% additional on all goods imported into the US (except for some exemptions such as pharmaceuticals, oil and some essential goods).
Because the trade situation may change rapidly, MBS relies on data up to February 22, 2026 to assess the impact this time on the Vietnamese stock market: the 15% level is global, not specifically aimed at Vietnam as before, so the impact may be lighter.
Regarding industry groups and stocks, MBS believes that the commodity stock group is still very noteworthy with: Oil and gas (GAS, PLX, PVD, BSR, PVS) supported by Brent and WTI oil prices have increased by +13.3% and +11.6% respectively in 1 month, increasing by +17.9% and +15.4% since the beginning of the year when tensions between the US and Iran are still simmering.
In general, the group of stocks that are closely linked to the economic cycle such as: exports, seaports, goods, retail, financial services... will receive cash flow returning after the long holiday," the analysis group forecast.
Technically, according to seasonal factors, February is having a high probability of increase (80%) and average efficiency reaches over 2% (in the last 10 years). Currently, there is still nearly 1 week of trading after the holidays, the seasonal increase trajectory is still there as technical factors are also supporting. With an increase of nearly +4% before the holidays, the VN-Index has regained most of the important or observed averages from MA20 to MA200 days.
In addition, the market breadth in the recent recovery also reached 75% of the stock groups increasing points in the week before the holidays, so after investors return to trading, most new buying positions will receive "lucky money as desired" from the market in the first week of the Binh Ngo spring. Technical support for the VN-Index in the 1,780 - 1,800 point area, resistance around the old peak of 1,920 points.
