The Vietnamese stock market started the new week with excitement and green covering most of the important industry groups. At the end of the trading session on December 22, the VN-Index increased by 46.72 points (+2.74%), to 1,751.03 points.
The 2.74% increase also made VN-Index the stock index with the strongest increase in Asia on December 22. After 2 consecutive strong increases, the main index of Vietnamese stocks has come very close to the peak of 1,800 points set in October.
Liquidity on the HoSE exchange today's session reached nearly VND30,000 billion with nearly 988 million shares matched. According to statistics, there are 4 codes with a transaction value of more than 1,000 billion VND including; HPG, VIX, SHB and HDB.
Foreign investors continue to maintain a positive trading state when they net bought VND518 billion on the HoSE. The top 5 stocks most strongly bought by foreign investors are MWG, GEX, VIX, VPB, BSR. On the contrary, foreign investors focused on net selling FPT with a net selling value of VND 303 billion.
At the time of closing, VIC code increased by 7% and contributed more than 19 points to the VN Index. Next is VHM contributing 5.7 points, VPL contributing 1.7 points. Thus, only these 3 Vingroup codes contributed 26.5 points to the VN Index.
Although the contribution level is not as strong as Vingroup, the group of "king" stocks is the driving force to attract cash flow back to the remaining industry groups. Today's session, except for the telecommunications group, had a negative impact, while the entire remaining industry group had a positive impact on the index.
Analysts from ABS Securities Company believe that, overall, the general market is in the main long-term uptrend for many years. In the long-term increase, there are always medium-term and short-term adjustments, then return to increase in the long-term uptrend.
Adjusted market movements will be an opportunity to observe and find stocks suitable for the context of 2026. ABS forecasts that VN-Index in 2026 will surpass the 2025 peak and aim for 1,940 points in the cautious scenario, the positive scenario could increase to 2,040 - 2,084 - 2,188 points.
The valuation level has been raised thanks to the improvement of both business results of enterprises and market cash flow, on the basis of low interest rates and foreign capital flows returning when Vietnam has been upgraded by FTSE to emerging market status.
