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.
Bank stocks support, VN-Index "firmly" above the peak of 1700 points
Banking stocks strengthened significantly this afternoon, supporting the Vin group, which had been strong since morning. The rare resonance of these two leading groups helped the VN-Index regain its early morning height and "steadily" stand above the 1,700-point threshold. Only the cash flow has not exploded in proportion to the index's increase.
- Signal: Positive
- Impact on: VCB, CTG, VPB, VIB, TPB, TCB, STB, MBB, BID, ACB
- Comment: The stability of VN-Index above the 1700-point mark thanks to the banking group and Vin shows that market confidence is being strengthened. Although the cash flow has not exploded, this is still a positive signal for the short-term trend. Investors can consider accumulating bank stocks with a solid foundation during corrections, while managing risks closely with appropriate proportions.
Pillar stocks pull VN-Index above 1700 peak, foreign investors net sell nearly 1,200 billion
Although the overall breadth of the index is still inclined to the downside, a few large-cap stocks are still strong enough to “lift” the VN-Index past the 1,700-point mark this morning. Liquidity is showing signs of increasing, in the context of foreign investors still withdrawing capital fiercely, creating a contradiction in market trends.
- Signal: Neutral
- Impact on: VHM, VPL, VRE, VIC, SHB, MBB, VIB, VPB, VCB, CTG
- Comment: This development shows a clear differentiation in the market, with pillar stocks playing a supporting role for the index while foreign investors continue to sell strongly. Foreign capital withdrawal can put pressure on the long-term trend, so investors need to be cautious. Prioritize stocks with their own stories, good business results and supporting domestic cash flow, while avoiding FOMO following the increase of pillar stocks.
Foreign capital net sold 10 billion USD in the past 5 years, can the "upgrade game" "recover"?
Over the past five years, from 2020 to October 2025, foreign investors have net sold nearly VND270,000 billion, equivalent to about USD10 billion in the Vietnamese stock market, raising questions about the possibility of upgrading to attract this capital flow again.
- Signal: Neutral
- Impact on: FTSE, SSI, TCBS, NPS, KRX
- Comment: The prolonged net selling by foreign investors is a factor that needs to be considered, reflecting the caution of international investors. However, the expectation of market upgrade is still a big driving force that can reverse this trend in the future. Investors should closely monitor the upgrade roadmap and prepare their portfolios with potential stocks that benefit from passive capital flows when this process takes place, but at the same time, they should also consider the risk factor from the current capital withdrawal.
VinaCapital: Economic growth remains the main determinant of stock performance
In the long term, economic growth remains the key determinant of stock market performance. The Vietnamese stock market is currently trading at a fairly reasonable valuation of around 13 times forward P/E, indicating sustainable growth potential.
- Signal: Neutral
- Impact on: CCP, NPF, FTSE, VSDC, MSCI
- Comment: This view of VinaCapital reinforces the importance of macroeconomic and internal economic factors for the development of the stock market. With reasonable P/E valuation, the Vietnamese market remains attractive in the long term. Investors should focus on businesses with sustainable business models, competitive advantages and high profit growth potential, especially in industries that benefit from economic development support policies.
The upgrade will not take effect until September 2026, and ETF passive cash flow will buy strongly.
Total inflows due to the upgrade are estimated at around USD 3.4 billion, of which around USD 1.5 billion is passive once the inclusion process is completed, while the remaining USD 1.9 billion is active, promising a large wave of capital.
- Signal: Positive
- Impact on: FTSE, LSEG, SHS, HSBC, VIC, VHM, MSN, VNM, HPG, SSI
- Comment: Information about the expected capital flow from the upgrade is a big bright spot for the market in the medium and long term. Although the effective date is still far away, this expectation will strengthen investor sentiment. The appropriate strategy is to start researching and gradually accumulating stocks that are likely to be added to the index basket of ETF funds, but you need to be patient and not be too hasty, avoiding overheated price increases before the money really flows in.
DNSE consolidates its position in the Top 2 market share of HNX derivatives in the third quarter with 24%
DNSE Securities grew significantly in market share in the third quarter, ranking 6th in the Top 10 securities companies with the largest listed stock brokerage market share and maintaining its position in the Top 2 derivatives brokerage market share, according to HNX's report, affirming its solid position.
- Signal: Positive
- Impact on: DNSE, HNX, VPS, TCBS, SSI, BXH, FTSE
- Comment: DNSE's market share growth reflects its competitiveness and ability to adapt well to the market. This is a positive signal for DNSE shares in particular and the securities industry in general, showing the development potential of brokerage companies. Investors can consider investment opportunities in securities companies with stable business results and market share growth, while monitoring the development of the derivatives market as an investment and risk hedging channel.
Is the stock bull run just beginning?
The market is no longer in recovery mode but is in a “post-upgrade breakout”, with the next bull cycle just beginning, opening up an optimistic outlook for investors.
- Signal: Positive
- Impact on: FTSE, SSI, FDI, MSCI, VCB, CTG, MBB, TCB, MWG, PNJ
- Comment: The optimistic view of a new price increase cycle, especially associated with the “post-upgrade breakout”, shows that a positive sentiment is forming in the market. This creates opportunities for investors to look for leading stocks with strong growth potential. However, price increases often come with volatility, so investors need to build a long-term investment strategy, combine portfolio management and partial profit-taking to optimize profits and limit risks.
Gold price plunged after "jumping" to nearly 4,050 USD/oz
Gold giant SPDR Gold Trust has been net buyers at all-time highs for the precious metal, marking a notable shift in asset allocation.
- Signal: Neutral
- Impact on: SPDR,FOMO,WGC,RSI
- Comment: Gold prices fell after a strong rally, indicating that the precious metal is under pressure to correct. The high net buying of the SPDR Gold Trust may be a positive sign for gold's long-term prospects, but investors should closely monitor global macro factors such as interest rates, inflation and geopolitics. For stock investors, gold's volatility may affect risk-off sentiment, and they should consider allocating part of their assets to gold to diversify their portfolio if there are clear signs of stock market 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.
