The stock market just went through a session (February 2) of deep decline and thanks to the cash flow at the end of the session, VN-Index was able to maintain the important point threshold of 1,800 points.
In today's trading session (February 3), cash flow continued to spread well and supply was reduced, maintained throughout the session, creating psychological momentum to help many stock groups recover. However, the recovery momentum was not as expected when most investors only opened for exploratory buying.
At the end of the session, HOSE had 191 gainers and 127 losers, VN-Index increased by 6.90 points (+0.38%), to 1,813.4 points. Total trading volume reached more than 982.8 million units, worth 33,012.7 billion VND.
Foreign cash flow maintained net selling in today's session. However, the net selling level has narrowed compared to yesterday's session, remaining more than 600 billion VND.
The market closed the trading session with a clear polarization, many pillar stocks decreased while many other codes rebounded strongly. A series of ceiling-price stocks in industry groups became the highlight of today's trading session.
In the industrial group, GMD, CTD maintained green from the morning session to the end of the session. GEX also officially closed the session in purple. VGC, GEE also broke through in the afternoon session and jumped to the ceiling price. Other stocks with significant increases also appeared in real estate, construction, logistics, transportation, services,...
In the opposite direction, the diễn biến is also cautious, with some large-cap stocks VJC, VHM, VNM, PLX, BID, MWG decreasing by more than 1% to more than 2%.
In the short term, the possibility of VN-Index breaking through strongly to establish a new point level is not highly appreciated. Although the index is recovering towards near resistance zones, the total market liquidity is still maintained at a level lower than the multi-week average, showing that cash flow is not ready to return decisively.
In the current period, the pillar stock group, especially banks and VN30, still plays a role in keeping the index up more than leading the trend. Some large-cap stocks maintain relatively stable prices, but no signals have appeared showing that large cash flow has returned strong enough to create a clear upward wave.
Meanwhile, short-term cash flow still tends to rotate flexibly, finding industry groups with their own stories, large fluctuation bands or directly benefiting from business results information. This makes the market maintain a high state of differentiation, instead of increasing simultaneously on a large scale like previous euphoric periods.
Therefore, a more appropriate scenario in February 2026 is for the market to continue to fluctuate and accumulate within a certain range, with alternating ups and downs to rebalance supply and demand. Only when liquidity improves significantly and consensus appears in the leading stock group, is the ability to overcome resistance to form a sustainable upward trend truly strengthened.
