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.
VN-Index loses momentum, foreign investors sell off heavily
Blue-chip stocks weakened in the recent trading session, slowing down the recovery of VN-Index although the breadth showed that the upside was still higher. In particular, foreign investors had the highest sudden selling in 11 trading sessions with over 1,800 billion VND on 3 floors, with nearly 1,669 billion VND on HoSE alone.
- Signal: Neutral
- Impact on: VPB, TPB, STB, ACB, BID, CTG, MBB, SHB, TCB, VIB
- Comment: Net selling pressure from foreign investors has created large fluctuations in the market, especially affecting large-cap stocks. Investors need to carefully monitor technical indicators and cash flow movements to determine short-term trends and avoid hasty decisions when the market is not stable. Maintaining a reasonable cash ratio can be a safe strategy during this period.
Cash flow into mid- and small-cap stocks
Strength returned to VIC and VHM in the recent trading session, helping the scores improve significantly. Although the breadth did not change much, the stock price level was still raised, although the overall liquidity decreased compared to the previous session. In particular, the trading of the VN30 basket decreased by 23%.
- Signal: Neutral
- Impact on: VIC, VHM, STB, VPB, VIB, VSC, HHV, CII, VCG, BSR
- Comment: Cash flow is shifting to small and medium-cap stocks, showing a search for opportunities in groups less affected by foreign net selling pressure. This can create local price increases but also comes with higher risks. Investors should carefully select businesses with good fundamentals and clear growth stories to minimize risks.
Dynam Capital Chairman: Vietnam's stock market likely to be upgraded
The upgrade will automatically include Vietnam in indexes such as FTSE All-World, FTSE EM and FTSE Asia, requiring passive funds following these indexes to buy Vietnamese stocks.
- Signal: Positive
- Impact on: FTSE, MBB, ACB, VPB, VHM, KDH, FPT, IT, FDI, IFC
- Comment: The possibility of Vietnam being upgraded to a market class is a huge long-term growth driver, attracting strong foreign direct investment (FII) flows into the indices. This event will create a solid foundation for the market and open up great opportunities for large-cap and highly liquid blue-chip stocks. Investors should consider accumulating market-leading stocks and sectors that directly benefit from FDI and economic growth.
Gold prices plummeted due to strong USD growth
The pressure on gold prices in recent trading sessions came from the recovery of the USD.
- Signal: Negative
- Impact on: SPDR, CME, PCE, CFTC
- Comment: The strengthening US dollar has put significant downward pressure on gold, removing the precious metal’s appeal as a safe haven. This could impact investor sentiment towards risk assets and other commodities. Investors should closely monitor the monetary policies of major central banks and global economic developments to assess the impact on their portfolios.
ETF Funds – the forces that contribute to "inflating" the world gold price to continuously set records
ETFs have become a more important source of demand in the global gold market this year, alongside central banks. At the end of June 2025, gold ETFs held nearly 3,616 tonnes of gold, the highest level since August 2022.
- Signal: Neutral
- Impact on: WGC, IMF
- Comment: Stable demand from ETFs shows that gold is still considered an important hedge against inflation and geopolitical uncertainty. The growth in ETF holdings reflects confidence in the long-term role of gold in investment portfolios. This is a signal that gold can maintain its upward momentum in the medium to long term, suitable for investors looking for diversification and value preservation.
Demand for electricity is increasing sharply, an electricity company is forecast to see a sudden increase in profits.
In July, August and the first 20 days of September alone, consumption growth fell to ~7.7% compared to the same period, especially in September, an increase of ~13% was recorded, showing a clear recovery in demand. A business in the electricity industry is forecast to have a profit increase of 1,308% compared to the second quarter.
- Signal: Positive
- Impact on: DPPA, MBS, GEG, REE, HDG, BESS, EUR, POW, QTP
- Comment: The strong increase in electricity demand, especially in recent months, shows the recovery of the economy and production activities. Enterprises in the electricity industry with the prospect of extraordinary profits will be the focus of investors. This is a good opportunity to research and invest in electricity companies with sustainable business models and high growth potential, especially those with advantages in renewable energy sources or transmission infrastructure.
MBS Research: Early corporate bond buybacks increased sharply in August
According to MBS, corporate bond issuance activities were active again in August, recording the third largest monthly issuance volume of the year with an estimated total issuance value of more than VND61 trillion (+22.11 TP3T compared to July, -9.71 TP3T compared to the same period).
- Signal: Positive
- Impact on: MBS, JSC, TCB, ACB, OCB, TCO, LLC
- Comment: The revival of the corporate bond market, especially the early repurchase activities, reflects the confidence of enterprises in their financial capacity and expansion plans. This helps to strengthen market liquidity and reduce maturity pressure. Investors should pay attention to enterprises with transparent bond issuance and repurchase activities, which can be a sign of good financial health and growth potential.
US stocks fall for second straight session, oil prices hit 7-week high
The US stock market fell in recent trading sessions, as two popular AI stocks, Nvidia and Oracle, continued to be sold off heavily.
- Signal: Neutral
- Impact on: CNBC, PCE, WTI, EIA, PVM, VAT
- Comment: The negative performance of the US stock market, especially in the technology sector, along with rising oil prices, creates a challenging macroeconomic picture. This could affect global market sentiment, including Vietnam. Investors need to closely monitor international macro factors such as inflation, interest rates and geopolitical tensions, and proactively manage portfolio risks.
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.
