The stock market had a spring opening trading session with high excitement, VN-Index recorded a fairly positive increase. Cash flow entered quite actively and spread across industry groups, especially large-cap stocks, helping the green color expand on the electronic board.
Closing the first trading session of the year Binh Ngo (February 23), VN-Index increased by 36 points compared to the reference level, reaching 1,860 points, the highest in the past month. Liquidity on HOSE also improved by more than 10% compared to before Tet, reaching more than 23,500 billion VND. Among them, FPT shares led the matched order value ranking with over 2,100 billion VND, followed by VIX and HPG, both at about 1,000 billion VND.
Going against the market's excitement, foreign investors returned to a net selling position of more than 1,100 billion VND. This group disbursed about 2,900 billion VND, while selling over 4,000 billion VND. FPT was the focus of foreign investors' selling with more than 12 million shares.
Green color covered the HOSE floor with 280 gainers, about four times the decliner. Large-cap baskets also had a large difference with 26 codes closing above reference, while only 3 codes decreased. The oil and gas industry stock group was the group with the most positive impact on the VN-Index in today's trading session. Leading codes in this industry such as PLX, GAS, BSR, PVD all touched the ceiling and closed the session in a state of no sellers. The excess buying volume per stock ranged from a few hundred thousand to more than 5 million units.
The banking group is also in an excited state when most accumulate more than 1% compared to the reference level. Stocks of two state-owned banks, BID and VCB, lead the increase range, reaching 4.7% and 3.1% respectively. In the real estate group, the diễn biến is differentiated, but the pillar stocks still maintain a positive pace. VIC increased by nearly 1%, IDC and CEC increased quite well, while some codes such as VRE, DIG or NLG adjusted slightly. However, the general impact of this group is still in the direction of supporting the index.
In terms of impact, pillar stocks such as GAS, VIC, GVR, BID and VCB are the codes that contributed the most to the VN-Index's upward momentum in the morning session, with a total support level of more than 18 points. Conversely, the resistance from declining codes such as FPT, MCH, VPL or MWG only took away about 2.6 points, showing that buyers are clearly dominant.
In general, cash flow is tending to spread to many industry groups instead of just focusing on a few individual stocks. This development shows that investor sentiment has become more positive, creating a foundation for the market to maintain a positive state in the first trading session of the year.
Investors expect the stock market to maintain a positive state in the first sessions of the new year, provided that the global macroeconomic environment does not experience unexpected adverse fluctuations. VN-Index may continue to move towards the peak of 1,900 points, but the possibility of surpassing the historical peak is not yet highly appreciated, in the context that most stock groups, especially the leading bluechips group, have not yet formed technical patterns that are reliable enough for a clear breakthrough.
According to experts' assessment, the biggest driving force of the stock market in 2026 comes from the actual growth of the economy, instead of just relying on a few key stock groups as in the previous period. If in 2025, growth is mainly driven by public investment and domestic drivers, then in 2026, domestic consumption recovery along with global economic growth is expected to become important pillars, helping the market continue to expand its upward momentum.
In that context, market-wide corporate profits are forecast to increase by about 19-20% in 2026, higher than the 18% of 2025. Equitable and fundamental profit growth is considered an important factor in improving valuation and consolidating the market's upward trend.
