The blue-chip group, with DGC stock standing out, surged to its ceiling price of +6.9% to 75,900 VND, while HPG stock lost its upward momentum despite still rising sharply by 6.1% to 26,900 VND, but recorded the most impressive trading volume with over 68.6 million units – the highest in the market.
Similarly to HPG, STB and HDB also saw their share prices drop from the ceiling to only 4.6% and 25,050 VND respectively.
Right from the start of the morning session on March 10th, the stock market quickly turned green. At one point, the VN-Index rose by more than 40 points, approaching the 1,700-point mark. Positive sentiment spread across many sectors. Finance, raw materials, essential consumer goods, information technology… were all predominantly green. Conversely, the oil and gas sector experienced a correction of 2-4% after its strong rally.
As of 9:20 AM on March 10th, the VN-Index had increased by 43 points, equivalent to 2.65%, to 1,696.71 points. On the HoSE exchange, 220 stocks recorded gains, completely overwhelming the 45 stocks that declined.
In the large-cap group, the VN30-Index rose even more sharply, adding 54.42 points, or 3.05%, to 1,853.37 points, with 28 stocks gaining and only 2 stocks declining.
Leading the market recovery were the banking sector, with stocks like MBB rising 4.6%; VIB up 4.5%; VCB up 4%; HDB up 3.7%; and STB up 3.3%. Vingroup stocks also rebounded strongly, with VIC increasing 4.4%, contributing over 11 points to the VN-Index; VHM, VRE, and VPL rose 3.6%, 2.2%, and 1% respectively.
The drop in oil prices to $85 per barrel has temporarily eased concerns about the economy 's fuel shortage. The market immediately reassessed the sharp sell-off, with the VN-Index plummeting to a record low on March 9th, but gradually recovering by the morning of March 10th. Consequently, the USD exchange rate also cooled down slightly.
Early morning on March 10th (Vietnam time), WTI crude oil prices fell sharply to around $88 per barrel, after having briefly surpassed $110 per barrel. Similarly, Brent crude oil prices also retreated to just over $92 per barrel, after having surged to nearly $120 per barrel in the previous trading session.
Oil prices cooled down immediately after US President Donald Trump declared that the conflict in Iran could soon come to an end, as Washington said it was nearing its strategic goals.
Previously, escalating tensions between the US, Israel, and Iran had nearly paralyzed the Strait of Hormuz, the world's most important energy shipping route. This development raised concerns about the risk of disruptions to global oil supplies, thereby driving up oil prices on international markets and increasing pressure on energy markets and the global economy.
Earlier on March 9th, the Vietnamese stock market (VN-Index) experienced a rare sharp decline, plummeting nearly 114 points. According to Fiingroup, selling pressure surged during this session, with both the volume and value of sell orders exceeding those recorded during the "reciprocal tariff shock" period in 2025, indicating widespread sell-offs across the market.
SSI Research, the Investment Analysis and Consulting Center of SSI Securities Corporation, has just released an updated report on the stock market outlook for March 2026, emphasizing that the 12% correction in the first six trading sessions of March 2026 is laying the foundation for a potential short-term recovery.
Historical data from 2010 shows that the market tends to recover strongly after similar deep declines. The VN-Index recorded gains in 80% of similar cases within just 2-4 weeks, with an average return of 6.6% after 1 month and 30% after 1 year. Notably, March 2026 only witnessed negative developments twice, in 2015 and 2020, and even in March 2022, the index still rose despite the Russia-Ukraine conflict and oil prices climbing to $127/barrel.
In addition, fundamental factors continue to provide support. The profit outlook for Q1 2026 remains positive, with the Consumer, Building Materials, Fertilizer, Securities, and Oil & Gas sectors expected to record favorable growth. Profit plans for 2026 are also quite optimistic, with many banks, retail businesses, and real estate companies aiming for profit growth of 20-30%...
Source: https://baotintuc.vn/kinh-te/chung-khoan-dan-hoi-phuc-truc-thong-tin-gia-dau-lao-doc-20260310114423890.htm
![[Photo] General Secretary and President To Lam presides over a meeting on preparations for the review of one year of operation of the three-tiered government system.](https://vphoto.vietnam.vn/thumb/1200x675/vietnam/resource/IMAGE/2026/06/02/1780391821195_a1-bnd-4595-9717-jpg.webp)
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