The stock market bulletin records notable developments, providing investors with multi-dimensional information about trends and growth potential. Below is a summary of some of the highlights and analysis of the market situation in the form of a bulletin.
Liquidity decreased sharply, foreign investors withdrew a net 1,800 billion
The pillars still anchored the stable scores but the cash flow has weakened seriously when investors chose to stay out. Although this did not make the market worse, the liquidity of the two exchanges decreased by 15% compared to the morning session and by 33% for the whole day compared to the previous trading session. Only foreign investors had a notable move.
- Signal: Neutral
- Impact on: VHM, VIC, VPB, MBB, HPG, GAS, BID, STB, VNM, LPB
- Comment: The weakening liquidity and the net withdrawal of foreign investors are signs of cautious sentiment in the market. This shows that investors are tending to wait, making it difficult for the index to make a strong breakthrough in the short term. The appropriate strategy now may be to restructure the portfolio, prioritizing stocks with good fundamentals and sustainable growth potential to anticipate the recovery cycle when cash flow returns. Massive sell-offs are not recommended in this context.
Domestic institutional cash flow net bought nearly 23,000 billion since the beginning of the year
Domestic institutional investors net bought 9,024.7 billion VND, and in terms of matching orders alone, they net bought 13,202.5 billion VND in September. Accumulated since the beginning of the year, domestic institutions have net bought nearly 23,000 billion VND.
- Signal: Neutral
- Impact on: VHM, SSI, MWG, HPG, FPT, VPB, MSN, VCB, HVN, VNM
- Comment: Strong net buying activity from domestic institutions shows confidence in the long-term prospects of the market, especially in pillar stocks with large capitalization. Although the signal is considered neutral, this is an important supporting factor to help the market maintain stability in the face of unpredictable fluctuations. Investors can consider accumulating target stocks in the long term, especially when the market corrects, to take advantage of this stable domestic cash flow. Risk management through reasonable asset allocation is necessary.
Stocks remain "unsteady", market increases in a vicious cycle
Vin stocks reversed sharply while banking stocks recovered. The pullback in points helped VN-Index remain green but trading was weak on a liquidity base that decreased by 31% compared to the previous session.
- Signal: Neutral
- Impact on: VIC, VHM, BAB, LPB, STB, TCB, TPB, VIX, GEX, TCH
- Comment: The "seesaw" performance of pillar stocks, especially the adjustment of the Vin group and the recovery of banks, shows that the market is in a phase of differentiation and finding a new equilibrium. Low liquidity also reflects the cautious psychology of investors, making it difficult for the VN-Index to create a strong uptrend. During this period, the strategy of focusing on stocks with their own stories, positive business results and not too dependent on the general index can be effective. Investors should avoid chasing prices and patiently wait for clearer signals from cash flow.
Despite the upcoming upgrade, ETFs investing in Vietnam lead the net withdrawal
ETFs in Southeast Asia saw a net outflow of $5.6 million after two weeks of net inflows. Vietnam continued to lead the outflows, with $24.2 million, followed by Thailand, which saw a net outflow of $3 million.
- Signal: Positive
- Impact on: FTSE, FPT, VHM, SSI, CII, BID, VIC, HPG, VPB
- Comment: Although ETFs recorded significant net withdrawals, the fact that the Vietnamese market is still approaching the opportunity to upgrade is an outstanding positive factor. The current capital withdrawal may only be a short-term portfolio restructuring move by some funds before an important event, not fully reflecting the long-term prospects of the market. Investors can see this as an opportunity to accumulate high-quality stocks, especially those that are in the sights of new funds when the upgrade is confirmed, with the expectation of larger foreign capital flows in the future.
Vietcap confident to be upgraded next week, estimated 10 billion USD foreign capital
Next week will be an important time for the Vietnamese stock market. FTSE Russell will announce the results of the September 2025 semi-annual stock market classification review on October 8.
- Signal: Negative
- Impact on: FTSE, NPF
- Comment: Despite the positive information about the upgrade expectation and the large capital inflow forecasted to enter the market, the negative signal indicates that there are still potential risk factors or excessive caution. This may come from the expectation being reflected in the price, or the challenges in meeting the upgrade criteria are still open. Investors should be very careful, should not be too optimistic but need to carefully analyze market conditions and the ability to realize capital inflow. Defensive strategies and portfolio diversification will be the top priority to limit risks in the context of this seemingly contradictory information.
Foreign investors are dumping Indian stocks
Foreign net selling in the Indian stock market increased in the third quarter, after US President Donald Trump sharply increased H-1B visa fees.
- Signal: Neutral
- Impact on: NSE, MSCI
- Comment: The net selling trend of foreign investors in the Indian stock market is a remarkable development, reflecting the impacts of global macroeconomic policies, specifically the increase in H-1B visa fees. Although this is information about another market, it can indirectly affect global investor sentiment and emerging markets like Vietnam. The neutral signal shows that the Vietnamese market may not be directly affected strongly, but investors need to monitor closely to assess the potential spread of capital flows. Maintaining a balanced portfolio and avoiding high-risk investments is the advice at this time.
"Examining" the recommended portfolio of securities companies in October with expectations of upgrading
In the most positive scenario, both GDP growth and upgrade information are as expected, the market will break out of the accumulation zone of the past month, surpassing 1,700 points to find new peaks.
- Signal: Positive
- Impact on: FTSE, MBS, VCB, CTG, PDR, IJC, VCG, HPG, HDG, PVD
- Comment: The recommendations from securities companies this month, based on expectations of upgrading and GDP growth, are a very positive signal for the market. The forecast that the VN-Index can break out of the accumulation zone and surpass 1,700 points opens up many attractive investment opportunities. Investors can refer to the recommended portfolio to find potential stocks, but need to combine with personal analysis and risk management. The current time may be an opportunity to increase the proportion of sectors that directly benefit from upgrading and economic recovery, such as banking, real estate, and securities.
Securities group profits are forecast to continue to explode in the third quarter thanks to the market.
VCBS Securities has just released its estimate of corporate profits in the third quarter, expecting securities companies to record a big winning quarter, especially in the proprietary trading segment.
- Signal: Positive
- Impact on: VCBS, VIX, SHS, CTS, HCM, SSI, VCI, AFS, MBS, NIM
- Comment: Expectations of explosive profits from securities companies in the third quarter, especially from the proprietary trading segment, are a positive highlight for the industry and the whole market. This shows that trading activities are vibrant and investment efficiency of securities companies has improved significantly. For investors, this is an opportunity to consider stocks in the securities industry group, which are often sensitive to liquidity and market developments. However, it is necessary to note the high volatility risk of this group and only allocate appropriate proportions, combined with close monitoring of market momentum factors.
The stock market news bulletin aims to provide investors with an overview, while emphasizing the importance of careful analysis before making investment decisions. Following market news from HVA The provision will help investors seize opportunities from short-term fluctuations and adjust their portfolios in line with market trends.
