Stock market October 10: Stock supply has not caused pressure yet

(NLDO) - Liquidity on October 9 increased slightly, reflecting that cash flow is supporting the market, while stock supply pressure has not had a significant impact.

At the end of the session on October 9, VN-Index closed at 1,716 points, up 18 points, equivalent to 1.1%.

The Vietnamese stock market opened the morning session on October 9 at over 1,700 points and quickly approached 1,720 points. After that, the VN-Index fluctuated in a narrow range around 1,710 points. The main driving force for the green color of the VN-Index came from blue-chip stocks, notably those of the Vingroup family. Of which, VHM hit the ceiling (+6.9%), VRE increased by 3.03%, contributing to the positive trend of the market.

The market performance in the afternoon session did not change much, continuing the positive trend from the morning session. In addition to the support from Vingroup stocks, the banking group also made its mark with notable increases: CTG increased by 3.97%, VPB increased by 3.22%, and MBB increased by 1.86%. These codes contributed to strengthening the VN Index's upward momentum, helping the index maintain its green color until the end of the session.

The notable point is the foreign investors' transactions. After a period of net buying, foreign investors suddenly switched to strong net selling in the session 9-10 with a total net selling value of 1,604.62 billion VND. The codes under the strongest selling pressure include HPG, VRE and SSI. This shows the strategic adjustment of foreign investors, which may affect market sentiment in the short term.

At the end of the session, VN-Index closed at 1,716 points, up 18 points, equivalent to 1.1%.

According to VCBS Securities Company, the fact that VN-Index surpassed the 1,700-point mark in the session of 9-10 is a positive signal, mainly thanks to the leadership of the blue-chip group. VCBS recommends that investors maintain their stock portfolio in an uptrend, and consider disbursing into stocks in industries that attract cash flow such as Banking, Public Investment and Retail . This is the time when companies begin to announce their business results for the third quarter of 2025, creating opportunities for investors to choose potential stocks for short-term goals.

Meanwhile, Dragon Capital Securities (VDSC) commented that the market is maintaining an upward trend and gradually surpassing the resistance zone of 1,700 - 1,710 points. Liquidity increased slightly compared to the previous session, showing that cash flow is still trying to support the market, while the pressure from stock supply is not really large. However, for the market to be able to expand its upward momentum, cash flow needs to continue to maintain its strength and better absorb supply in the coming sessions.

Source: https://nld.com.vn/chung-khoan-ngay-10-10-luc-cung-co-phieu-chua-gay-suc-ep-196251009185126621.htm