Phân tích thị trường
Loading news...
Tin tức nổi bật
![HDB – Brief – [NONRATED] – 2Q26: Lower Provision Expenses Drive Earnings](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Ff4qd3syn%2Fhdb.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
HDB – Brief – [NONRATED] – 2Q26: Lower Provision Expenses Drive Earnings
2Q26 PAT surged +58% YoY to VND5,798bn, driven by reduced risk provision expenses (-38%yoy) and a moderate growth of operating incomes (+9.4%yoy). 1H26 PBT and PAT rose +31% YoY to VND 13,202bn and +33% YoY to VND 10,700bn, respectively, completing 44% of the full-year 2026 target.3 tháng 9, 2026
Derivatives 2026/09/03: Liquidity declines
The uptrend is confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market carefully and reopen positions after the holiday.3 tháng 9, 2026
Market commentary 2026/09/03: Upward momentum pauses
After five consecutive gaining sessions, selling pressure returned as investors became somewhat cautious ahead of the extended holiday. Nevertheless, strong buying demand in the afternoon absorbed the selling pressure, helping the index recover and close in positive territory. This suggests that upward momentum remains intact, allowing the short-term uptrend to remain in place.3 tháng 9, 2026
Chart of the day 2026/09/03: Uptrend confirmed
The uptrend may slow this week under the influence of the holiday, but the primary upward trend remains unchanged. Investors may therefore wait for positive signals to emerge before opening additional positions.3 tháng 9, 2026
Market commentary 2026/08/28: Maintaining upward momentum
The market recorded its fifth consecutive gaining session, indicating that the upward momentum remains intact. In addition, the index's ability to stay above its key moving averages suggests that the short-term uptrend remains well supported. Therefore, investors may consider initiating positions in their portfolios.28 tháng 8, 2026
Derivatives 2026/08/28: Uptrend maintained
The trend has been confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market cautiously and reopen positions after the holiday.28 tháng 8, 2026
ETF review: Selling pressure on VIC
We forecast that the ETFs - namely the VanEck Vietnam ETF, the Xtrackers Vietnam Swap UCITS ETF and the Fubon FTSE Vietnam ETF - may sell VCK and VIC heavily, with volumes of 15.4 million shares and 9.9 million shares respectively. On the buy side, HPG, SSB and TPB may see the largest inflows, with volumes of 27.2 million, 12.5 million and 10.9 million shares respectively.27 tháng 8, 2026
Market commentary 2026/08/27: Breaking above the 1,800-point threshold
The market extended its winning streak to a fourth consecutive session and successfully broke above the 1,800-point threshold. This development suggests that the short-term uptrend has resumed, opening the possibility for the index to move toward higher levels in the coming sessions.27 tháng 8, 2026
Derivatives 2026/08/27: Uptrend confirmed
The short-term trend is confirmed by the strong breakout session. Investors may therefore reopen long positions in the next session.27 tháng 8, 2026
Investment topic 2026/08/26: Vietnam's entry into FTSE GEIS
FTSE Russell will phase in Vietnam's inclusion at 10% in Sep 2026, 20% in Mar 2027, and 35% each in Jun and Sep 2027 (see Table 4), reaching full inclusion by Sep 2027. Based on the estimated potential inflows, the four tranches are expected to attract approximately USD230mn, USD461mn, USD807mn, and USD807mn, respectively.26 tháng 8, 2026
![BSR – Earnings Review – [HOLD] – 2Q26: High crack spreads, high profit](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2F3djj3ige%2Fbsr_2.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
BSR – Earnings Review – [HOLD] – 2Q26: High crack spreads, high profit
BSR's 2Q26 revenue reached VND58.7tn (+60% yoy, +28% qoq, ~89% of KIS forecast), mainly driven by a sharp increase in refined petroleum product prices amid the Middle East conflict. NPAT recorded at high level VND7.5tn (+781% yoy, -10% qoq) thanks to elevated crack spreads.26 tháng 8, 2026
Market commentary 2026/08/26: Accumulation phase?
The emergence of selling pressure at high price levels implies caution in the short term, indicating that the signals lack consistency. Investors should therefore monitor for further signals confirming the current uptrend. Once such a signal appears, they may reopen new positions.26 tháng 8, 2026
Derivatives 2026/08/26: Selling pressure has emerged
Since the signals lack consistency, additional signals are needed to confirm the trend. Traders should therefore stay on the sidelines and reopen long positions only once such a signal appears.26 tháng 8, 2026
Market commentary 2026/08/25: Continued gains
The market recorded a positive session with a gap-up opening and high trading liquidity, reflecting strong participation from market cash flow. This development confirmed the short-term recovery, thereby supporting the possibility of further gains in the coming sessions.25 tháng 8, 2026
Derivatives 2026/08/25: Awaiting further signals
The uptrend has been confirmed, but further signals warrant observation given the decline in liquidity. Therefore, traders may reopen Long positions once confirmation signals emerge.25 tháng 8, 2026
Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.25 tháng 8, 2026
Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.25 tháng 8, 2026
![NKG – Brief – [NONRATED] – 2Q26_Exports are recovering](/_next/image?url=https%3A%2F%2Fdms2stj3pztto.cloudfront.net%2Fxfhba202%2Fnkg.jpg%3Fformat%3Dwebp%26height%3D608%26mode%3Dcrop%26quality%3D80%26width%3D1080&w=3840&q=75)
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.25 tháng 8, 2026
34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.24 tháng 8, 2026
Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.24 tháng 8, 2026
Ưu đãi nổi bật
HDB – Brief – [NONRATED] – 2Q26: Lower Provision Expenses Drive Earnings
2Q26 PAT surged +58% YoY to VND5,798bn, driven by reduced risk provision expenses (-38%yoy) and a moderate growth of operating incomes (+9.4%yoy). 1H26 PBT and PAT rose +31% YoY to VND 13,202bn and +33% YoY to VND 10,700bn, respectively, completing 44% of the full-year 2026 target.3 tháng 9, 2026
Derivatives 2026/09/03: Liquidity declines
The uptrend is confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market carefully and reopen positions after the holiday.3 tháng 9, 2026
Market commentary 2026/09/03: Upward momentum pauses
After five consecutive gaining sessions, selling pressure returned as investors became somewhat cautious ahead of the extended holiday. Nevertheless, strong buying demand in the afternoon absorbed the selling pressure, helping the index recover and close in positive territory. This suggests that upward momentum remains intact, allowing the short-term uptrend to remain in place.3 tháng 9, 2026
Chart of the day 2026/09/03: Uptrend confirmed
The uptrend may slow this week under the influence of the holiday, but the primary upward trend remains unchanged. Investors may therefore wait for positive signals to emerge before opening additional positions.3 tháng 9, 2026
Market commentary 2026/08/28: Maintaining upward momentum
The market recorded its fifth consecutive gaining session, indicating that the upward momentum remains intact. In addition, the index's ability to stay above its key moving averages suggests that the short-term uptrend remains well supported. Therefore, investors may consider initiating positions in their portfolios.28 tháng 8, 2026
Derivatives 2026/08/28: Uptrend maintained
The trend has been confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market cautiously and reopen positions after the holiday.28 tháng 8, 2026
ETF review: Selling pressure on VIC
We forecast that the ETFs - namely the VanEck Vietnam ETF, the Xtrackers Vietnam Swap UCITS ETF and the Fubon FTSE Vietnam ETF - may sell VCK and VIC heavily, with volumes of 15.4 million shares and 9.9 million shares respectively. On the buy side, HPG, SSB and TPB may see the largest inflows, with volumes of 27.2 million, 12.5 million and 10.9 million shares respectively.27 tháng 8, 2026
Market commentary 2026/08/27: Breaking above the 1,800-point threshold
The market extended its winning streak to a fourth consecutive session and successfully broke above the 1,800-point threshold. This development suggests that the short-term uptrend has resumed, opening the possibility for the index to move toward higher levels in the coming sessions.27 tháng 8, 2026
Derivatives 2026/08/27: Uptrend confirmed
The short-term trend is confirmed by the strong breakout session. Investors may therefore reopen long positions in the next session.27 tháng 8, 2026
Investment topic 2026/08/26: Vietnam's entry into FTSE GEIS
FTSE Russell will phase in Vietnam's inclusion at 10% in Sep 2026, 20% in Mar 2027, and 35% each in Jun and Sep 2027 (see Table 4), reaching full inclusion by Sep 2027. Based on the estimated potential inflows, the four tranches are expected to attract approximately USD230mn, USD461mn, USD807mn, and USD807mn, respectively.26 tháng 8, 2026
BSR – Earnings Review – [HOLD] – 2Q26: High crack spreads, high profit
BSR's 2Q26 revenue reached VND58.7tn (+60% yoy, +28% qoq, ~89% of KIS forecast), mainly driven by a sharp increase in refined petroleum product prices amid the Middle East conflict. NPAT recorded at high level VND7.5tn (+781% yoy, -10% qoq) thanks to elevated crack spreads.26 tháng 8, 2026
Market commentary 2026/08/26: Accumulation phase?
The emergence of selling pressure at high price levels implies caution in the short term, indicating that the signals lack consistency. Investors should therefore monitor for further signals confirming the current uptrend. Once such a signal appears, they may reopen new positions.26 tháng 8, 2026
Derivatives 2026/08/26: Selling pressure has emerged
Since the signals lack consistency, additional signals are needed to confirm the trend. Traders should therefore stay on the sidelines and reopen long positions only once such a signal appears.26 tháng 8, 2026
Market commentary 2026/08/25: Continued gains
The market recorded a positive session with a gap-up opening and high trading liquidity, reflecting strong participation from market cash flow. This development confirmed the short-term recovery, thereby supporting the possibility of further gains in the coming sessions.25 tháng 8, 2026
Derivatives 2026/08/25: Awaiting further signals
The uptrend has been confirmed, but further signals warrant observation given the decline in liquidity. Therefore, traders may reopen Long positions once confirmation signals emerge.25 tháng 8, 2026
Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.25 tháng 8, 2026
Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.25 tháng 8, 2026
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.25 tháng 8, 2026
34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.24 tháng 8, 2026
Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.24 tháng 8, 2026
Tin tức nổi bật
HDB – Brief – [NONRATED] – 2Q26: Lower Provision Expenses Drive Earnings
2Q26 PAT surged +58% YoY to VND5,798bn, driven by reduced risk provision expenses (-38%yoy) and a moderate growth of operating incomes (+9.4%yoy). 1H26 PBT and PAT rose +31% YoY to VND 13,202bn and +33% YoY to VND 10,700bn, respectively, completing 44% of the full-year 2026 target.3 tháng 9, 2026
Derivatives 2026/09/03: Liquidity declines
The uptrend is confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market carefully and reopen positions after the holiday.3 tháng 9, 2026
Market commentary 2026/09/03: Upward momentum pauses
After five consecutive gaining sessions, selling pressure returned as investors became somewhat cautious ahead of the extended holiday. Nevertheless, strong buying demand in the afternoon absorbed the selling pressure, helping the index recover and close in positive territory. This suggests that upward momentum remains intact, allowing the short-term uptrend to remain in place.3 tháng 9, 2026
Chart of the day 2026/09/03: Uptrend confirmed
The uptrend may slow this week under the influence of the holiday, but the primary upward trend remains unchanged. Investors may therefore wait for positive signals to emerge before opening additional positions.3 tháng 9, 2026
Market commentary 2026/08/28: Maintaining upward momentum
The market recorded its fifth consecutive gaining session, indicating that the upward momentum remains intact. In addition, the index's ability to stay above its key moving averages suggests that the short-term uptrend remains well supported. Therefore, investors may consider initiating positions in their portfolios.28 tháng 8, 2026
Derivatives 2026/08/28: Uptrend maintained
The trend has been confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market cautiously and reopen positions after the holiday.28 tháng 8, 2026
ETF review: Selling pressure on VIC
We forecast that the ETFs - namely the VanEck Vietnam ETF, the Xtrackers Vietnam Swap UCITS ETF and the Fubon FTSE Vietnam ETF - may sell VCK and VIC heavily, with volumes of 15.4 million shares and 9.9 million shares respectively. On the buy side, HPG, SSB and TPB may see the largest inflows, with volumes of 27.2 million, 12.5 million and 10.9 million shares respectively.27 tháng 8, 2026
Market commentary 2026/08/27: Breaking above the 1,800-point threshold
The market extended its winning streak to a fourth consecutive session and successfully broke above the 1,800-point threshold. This development suggests that the short-term uptrend has resumed, opening the possibility for the index to move toward higher levels in the coming sessions.27 tháng 8, 2026
Derivatives 2026/08/27: Uptrend confirmed
The short-term trend is confirmed by the strong breakout session. Investors may therefore reopen long positions in the next session.27 tháng 8, 2026
Investment topic 2026/08/26: Vietnam's entry into FTSE GEIS
FTSE Russell will phase in Vietnam's inclusion at 10% in Sep 2026, 20% in Mar 2027, and 35% each in Jun and Sep 2027 (see Table 4), reaching full inclusion by Sep 2027. Based on the estimated potential inflows, the four tranches are expected to attract approximately USD230mn, USD461mn, USD807mn, and USD807mn, respectively.26 tháng 8, 2026
BSR – Earnings Review – [HOLD] – 2Q26: High crack spreads, high profit
BSR's 2Q26 revenue reached VND58.7tn (+60% yoy, +28% qoq, ~89% of KIS forecast), mainly driven by a sharp increase in refined petroleum product prices amid the Middle East conflict. NPAT recorded at high level VND7.5tn (+781% yoy, -10% qoq) thanks to elevated crack spreads.26 tháng 8, 2026
Market commentary 2026/08/26: Accumulation phase?
The emergence of selling pressure at high price levels implies caution in the short term, indicating that the signals lack consistency. Investors should therefore monitor for further signals confirming the current uptrend. Once such a signal appears, they may reopen new positions.26 tháng 8, 2026
Derivatives 2026/08/26: Selling pressure has emerged
Since the signals lack consistency, additional signals are needed to confirm the trend. Traders should therefore stay on the sidelines and reopen long positions only once such a signal appears.26 tháng 8, 2026
Market commentary 2026/08/25: Continued gains
The market recorded a positive session with a gap-up opening and high trading liquidity, reflecting strong participation from market cash flow. This development confirmed the short-term recovery, thereby supporting the possibility of further gains in the coming sessions.25 tháng 8, 2026
Derivatives 2026/08/25: Awaiting further signals
The uptrend has been confirmed, but further signals warrant observation given the decline in liquidity. Therefore, traders may reopen Long positions once confirmation signals emerge.25 tháng 8, 2026
Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.25 tháng 8, 2026
Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.25 tháng 8, 2026
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.25 tháng 8, 2026
34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.24 tháng 8, 2026
Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.24 tháng 8, 2026
Ưu đãi nổi bật
HDB – Brief – [NONRATED] – 2Q26: Lower Provision Expenses Drive Earnings
2Q26 PAT surged +58% YoY to VND5,798bn, driven by reduced risk provision expenses (-38%yoy) and a moderate growth of operating incomes (+9.4%yoy). 1H26 PBT and PAT rose +31% YoY to VND 13,202bn and +33% YoY to VND 10,700bn, respectively, completing 44% of the full-year 2026 target.3 tháng 9, 2026
Derivatives 2026/09/03: Liquidity declines
The uptrend is confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market carefully and reopen positions after the holiday.3 tháng 9, 2026
Market commentary 2026/09/03: Upward momentum pauses
After five consecutive gaining sessions, selling pressure returned as investors became somewhat cautious ahead of the extended holiday. Nevertheless, strong buying demand in the afternoon absorbed the selling pressure, helping the index recover and close in positive territory. This suggests that upward momentum remains intact, allowing the short-term uptrend to remain in place.3 tháng 9, 2026
Chart of the day 2026/09/03: Uptrend confirmed
The uptrend may slow this week under the influence of the holiday, but the primary upward trend remains unchanged. Investors may therefore wait for positive signals to emerge before opening additional positions.3 tháng 9, 2026
Market commentary 2026/08/28: Maintaining upward momentum
The market recorded its fifth consecutive gaining session, indicating that the upward momentum remains intact. In addition, the index's ability to stay above its key moving averages suggests that the short-term uptrend remains well supported. Therefore, investors may consider initiating positions in their portfolios.28 tháng 8, 2026
Derivatives 2026/08/28: Uptrend maintained
The trend has been confirmed in the short term, but the extended holiday may give rise to unusual market movements. Investors should therefore monitor the market cautiously and reopen positions after the holiday.28 tháng 8, 2026
ETF review: Selling pressure on VIC
We forecast that the ETFs - namely the VanEck Vietnam ETF, the Xtrackers Vietnam Swap UCITS ETF and the Fubon FTSE Vietnam ETF - may sell VCK and VIC heavily, with volumes of 15.4 million shares and 9.9 million shares respectively. On the buy side, HPG, SSB and TPB may see the largest inflows, with volumes of 27.2 million, 12.5 million and 10.9 million shares respectively.27 tháng 8, 2026
Market commentary 2026/08/27: Breaking above the 1,800-point threshold
The market extended its winning streak to a fourth consecutive session and successfully broke above the 1,800-point threshold. This development suggests that the short-term uptrend has resumed, opening the possibility for the index to move toward higher levels in the coming sessions.27 tháng 8, 2026
Derivatives 2026/08/27: Uptrend confirmed
The short-term trend is confirmed by the strong breakout session. Investors may therefore reopen long positions in the next session.27 tháng 8, 2026
Investment topic 2026/08/26: Vietnam's entry into FTSE GEIS
FTSE Russell will phase in Vietnam's inclusion at 10% in Sep 2026, 20% in Mar 2027, and 35% each in Jun and Sep 2027 (see Table 4), reaching full inclusion by Sep 2027. Based on the estimated potential inflows, the four tranches are expected to attract approximately USD230mn, USD461mn, USD807mn, and USD807mn, respectively.26 tháng 8, 2026
BSR – Earnings Review – [HOLD] – 2Q26: High crack spreads, high profit
BSR's 2Q26 revenue reached VND58.7tn (+60% yoy, +28% qoq, ~89% of KIS forecast), mainly driven by a sharp increase in refined petroleum product prices amid the Middle East conflict. NPAT recorded at high level VND7.5tn (+781% yoy, -10% qoq) thanks to elevated crack spreads.26 tháng 8, 2026
Market commentary 2026/08/26: Accumulation phase?
The emergence of selling pressure at high price levels implies caution in the short term, indicating that the signals lack consistency. Investors should therefore monitor for further signals confirming the current uptrend. Once such a signal appears, they may reopen new positions.26 tháng 8, 2026
Derivatives 2026/08/26: Selling pressure has emerged
Since the signals lack consistency, additional signals are needed to confirm the trend. Traders should therefore stay on the sidelines and reopen long positions only once such a signal appears.26 tháng 8, 2026
Market commentary 2026/08/25: Continued gains
The market recorded a positive session with a gap-up opening and high trading liquidity, reflecting strong participation from market cash flow. This development confirmed the short-term recovery, thereby supporting the possibility of further gains in the coming sessions.25 tháng 8, 2026
Derivatives 2026/08/25: Awaiting further signals
The uptrend has been confirmed, but further signals warrant observation given the decline in liquidity. Therefore, traders may reopen Long positions once confirmation signals emerge.25 tháng 8, 2026
Market Traders 2026/08/25: Foreign investors continued net selling
By investor group, trading activity among both domestic retail and institutional investors declined, falling 6.6% and 20.3%, respectively, compared with the previous week.25 tháng 8, 2026
Covered warrant 2026/08/25: Cautious performance
During the week, the covered warrant market showed relatively weak performance, as liquidity declined slightly and the number of declining warrants continued to outnumber gainers. In contrast, the underlying market performed positively, with the index rising strongly by 2.2% for the week, highlighting the divergence between the two markets.25 tháng 8, 2026
NKG – Brief – [NONRATED] – 2Q26_Exports are recovering
In 2Q26, NKG recorded revenue of VND4,150bn, up 9.0% YoY and 27.3% QoQ. Total sales volume in 2Q26 reached 203 thousand tons, up 1.0% YoY. Average selling price was recorded at USD775/ton, +5.7% YoY or +16% QoQ. NPAT was recorded at VND103bn, +12% YoY and +378% QoQ.25 tháng 8, 2026
34W26: SBV extends net liquidity withdrawal as USDVND continues to ease
During 34W26, the SBV extended its net liquidity withdrawal for a second consecutive week via open market operations as banking system liquidity pressures continued to subside, supported by favorable regulatory adjustments. On the interbank market, the yield curve steepened as short-term rates dropped sharply while middle-tenor rates edged higher and average daily trading value expanded. On the FX front, the USDVND decreased, moving in tandem with a softer U.S. dollar following expanded U.S. Treasury buybacks and euro strength, despite continued foreign net selling on the HoSE totaling VND2.66tn.24 tháng 8, 2026
Chart of the day 2026/08/24: A breakout session
The uptrend may return given the sharp rise in liquidity in last week's final session. However, further confirmation signals remain necessary. Investors should therefore wait for these signals before reopening new positions.24 tháng 8, 2026