Stock market on December 3: "King" stocks make waves, VN-Index breaks out strongly

(NLDO) - In the trading session on December 3, the stock market witnessed the spectacular return of large cash flows.

The banking group played the role of "locomotive" in pulling the VN-Index past the psychological barrier of 1,730 points.

Removing cautious mentality, money flows in massively

After the fluctuations and sideways movements in the previous sessions, the Vietnamese stock market entered the trading session on December 3rd with an exploratory attitude. However, contrary to the forecast of a boring "tug of war" scenario, smart money quickly entered the market right from the morning session, aiming straight at the large-cap stocks (Blue-chips). Especially in the afternoon session, there were times when the index increased very strongly, more than 24 points up to 1,741 points.

However, selling pressure at the end of the session narrowed as the uptrend narrowed. However, VN-Index still closed in bright green, up 14.71 points (equivalent to 0.86%), closing at 1,731.77 points. Market breadth was tilted towards the buying side with 225 stocks increasing, 101 stocks decreasing and 45 stocks remaining unchanged, reflecting the positive spread of cash flow. Notably, the VN30-Index increased even more strongly than the general index, recording an increase of 21.87 points, closing at 1,971.99 points, showing the absolute leading role of the pillar group.

Liquidity on the HoSE floor reached an impressive figure of more than VND 28,594 billion, the highest in over a month, showing that investors are ready to "put money down" for growth expectations by the end of 2025.

Investors are relieved of heavy feelings after a long period of sideways or declining stocks.

The "King" stock returns to the throne

The highlight of today's trading session was the strong rise of banking stocks. After a long period of price accumulation, the "king" stocks made waves, becoming the main driving force helping VN-Index "break through" resistance levels.

The most prominent in this group is CTG (VietinBank) with an impressive increase of 6%, closing at 22,667 VND/share, approaching the ceiling price. Following are a series of other "big guys" also competing to show off green: VPB increased by 4.7%, BID and MBB both increased by 4.2%. "Big brother" VCB ( Vietcombank ) also did not stay out of the fun when contributing an increase of 2.3%, anchoring at 58,900 VND.

Green also covered other joint stock commercial banks such as TCB (+2%),ACB (+2.1%), STB (+0.6%)... The consensus of this industry group with the largest market capitalization is the strongest guarantee for the index's growth in today's session.

Retail group "purple", real estate is divided

Besides banking, the retail services group also had a thriving trading session, benefiting from expectations of increased purchasing power during the year-end holiday season.

Most notably, FRT (FPT Retail) saw its stock increase by 7%, with no sellers, reaching a price of 155,100 VND. The "big guy" MWG (Mobile World) also performed well with a 5.9% increase, closing at 84,700 VND. Other stocks in the industry such as DGW (+3.7%) or PET (+4.4%) all recorded positive growth.

On the other hand, the real estate group showed a clear differentiation and was a slight drag that prevented the VN-Index from increasing further. While mid-cap codes such as NLG (+2.6%), CEO (+2%), KDH (+1.9%) maintained a good growth momentum, the "Vin family" group was less bright. VIC (Vingroup) decreased by 2%, VRE (Vincom Retail) decreased by 1.1%, while VHM (Vinhomes) stood at the reference price. NVL alone had a slight increase of 1%.

The securities group, with its usual sensitivity, also responded to the general market's increase but at a moderate level. VCI increased by 1.9%, HCM increased by 1.8%, VND increased by 1.6%, while SSI only increased slightly by 0.2%.

Be careful of profit-taking pressure

According to analysts, the trading session on December 3, 2025 sent out a very positive technical signal when the VN-Index surpassed the 1,730-point resistance zone with convincing liquidity. The fact that cash flow focused on the VN30 and banking groups shows that this is a large cash flow, with a leading and more sustainable nature than small speculative cash flow. However, with the index increasing rapidly and some pillar stocks approaching the overbought zone, short-term profit-taking pressure may appear in the coming sessions, especially in the 1,740 - 1,750-point zone.

Investors are advised to continue holding stocks in leading sectors such as banking, retail, and industrial parks, but should limit buying during periods of high excitement.

Source: https://nld.com.vn/chung-khoan-ngay-3-12-co-phieu-vua-noi-song-vn-index-but-pha-dung-manh-196251203153204061.htm