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.
Short-term profit-taking pressure is weak, liquidity is at a record low in 5 months
The amount of bottom-fishing stocks near the 1600-point mark returned to the account and there was not much room for profit. This may have encouraged investors to hold on to stocks instead of surfing T+, causing liquidity on both exchanges to fall to the lowest bottom since the session on June 30, 2025.
- Signal: Neutral
- Impact on: TCB, VPB, VCB, MBB, CTG, BID, VIC, HDB, STB, SHB
- Comment: Low liquidity shows cautious sentiment but can also signal that selling pressure has decreased. Strong net foreign buying reinforces confidence in growth potential, creating a foundation for a short-term recovery trend. Investors should closely monitor cash flow developments and consider accumulating stocks with good fundamentals when the market stabilizes.
Cash flow withdraws, stocks fall sharply, liquidity dries up
Only VIC slightly increased by 0.58%, causing VN-Index to increase its downward momentum in the last minutes. The breadth is showing overwhelming red with more than a hundred stocks having decreased by more than 1% in the context of new "bottom-probing" liquidity. This is the result of cash flow withdrawal.
- Signal: Neutral
- Impact on: VIC, BCM, GVR, TPB, HDB, STB, VPB, SSI, VIX, GEX
- Comment: The withdrawal of domestic cash flow and the depletion of liquidity are signs of concern, which may lead to deeper corrections. Investors need to be cautious and consider restructuring their portfolios to minimize short-term risks. However, with some pillar stocks such as VIC still maintaining green, this may open up opportunities for long-term investors who want to accumulate at attractive discount prices.
October: BID, CTG and TCB were removed from the list of capitalization over 10 billion USD
Ho Chi Minh City Stock Exchange (HOSE) has just announced market information for the October 2025 period.
- Signal: Neutral
- Impact on: HCM, HOSE, VNIT, VIC, VCB, VHM, BID, CTG, TCB, CRV
- Comment: The fact that large stocks such as BID, CTG, TCB have left the list of 10 billion USD capitalization reflects a correction in value but is not necessarily a negative signal about the internal business. This may affect the general index in the short term. Investors should re-evaluate investment opportunities in these banks based on fundamental factors such as credit growth, asset quality and profit prospects instead of just looking at market capitalization to find a reasonable entry point.
After the explosive session, are oil and gas stocks still attractive thanks to "super cheap" valuations?
Currently, the industry is trading at a median trailing P/E of around 18.x – 27.x depending on the stock, equivalent to a discount of 23% – 47% compared to the 5-year average valuation.
- Signal: Neutral
- Impact on: PVS, PVD, OIL, GAS, PVB, BSR, PTX, BSC, WTI, OPEC
- Comment: The oil and gas sector is trading at a significant discount to its five-year average, suggesting attractive upside potential if global oil prices stabilize. However, risks of oil price volatility and international policy need to be managed. Investors can consider accumulating leading stocks with a medium- to long-term vision, especially when there are positive signals from global oil prices and key projects are implemented.
Despite margin risks, VN-Index is expected to reach 1,788 points by the end of this year.
One technical factor worth watching is the market's margin debt, which has now reached an all-time high, making corrections more likely when short-term "headwinds" appear.
- Signal: Neutral
- Impact on: FOMC, XIV, VDSC, POW, MSH, VHC, III
- Comment: The forecast of VN-Index reaching 1,788 points by the end of the year shows positive market expectations, but the record margin balance poses great risks when there are unexpected fluctuations. Investors should be cautious, maintain a safe margin ratio and prepare a risk management plan for corrections. Focusing on stocks with solid foundations and reasonable valuations will help minimize the impact of margin risks.
Check out 8 industries with valuations still low compared to VN-Index
As of now, there are still 8/19 industries with valuations lower than the 2-year median P/E valuation in the context of VN-Index increasing 30.2% since the beginning of the year.
- Signal: Positive
- Impact on: BSC, CAR, FOL
- Comment: The presence of 8 sectors with valuations lower than the 2-year median P/E of the VN-Index after a period of strong growth opens up significant investment opportunities. Investors can look for stocks in this sector, especially those with clear profit growth prospects. This can be an effective strategy to optimize profits and diversify the portfolio in the context of market differentiation.
Double-digit growth – A strategic step on the journey to becoming a State Fund
Despite the challenging macroeconomic context, the State Capital Investment Corporation (SCIC) still made its mark with outstanding business results and impressive capital management efficiency.
- Signal: Neutral
- Impact on: SCIC, NHU, HAI, CON, CHI, VAI, GIA, BIDV, LLC, MTV
- Comment: SCIC’s outstanding business results and effective capital management in a challenging macro context are positive signals about the health of state-owned enterprises. This can have a spillover effect on market sentiment, especially for enterprises related to state capital. Investors should consider stocks in SCIC’s investment portfolio to assess long-term growth potential, based on management efficiency and restructuring prospects.
US stocks rise as court considers tariffs, oil prices fall further
A series of chip and artificial intelligence (AI) stocks that were sold off heavily in the previous session also rose again in this session.
- Signal: Neutral
- Impact on: AMD, ADP, CME, CNBC, WTI
- Comment: The rise in US stocks, especially in the technology and AI sectors, shows a return of optimism in the global market. A deeper drop in oil prices could also support the consumer and manufacturing sectors due to lower input costs. Vietnamese investors should monitor this move as a reference for the general market trend, while assessing the indirect impact on stocks related to import-export and energy.
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.
