However, the sharp decline in the last session of the week caused the VN-Index to lose more than 16 points, ending the week in the red. According to experts, the short-term trend of the market is fraught with more risks.
After a week of strong gains thanks to positive news about the upgrade and the improvement of large-cap stocks, the market entered the new trading week with an excited mood. Right at the beginning of the week, VN-Index increased and set a short-term peak at a high level. However, selling pressure quickly increased in the following sessions, especially in the session on October 17. In this session, the selling pressure became stronger towards the end of the session in large-cap stocks such as banks, securities, real estate, etc., causing VN-Index to plummet more than 35 points. The deep decline and high liquidity showed that the selling pressure was quite fierce. At the end of the week, with 2 sessions of increase and 3 sessions of decrease, VN-Index lost a total of more than 16 points (-0.94%), stopping at 1,731.19 points.
Market breadth is tilted to the downside, with clear differentiation as many businesses begin to announce their Q3-2025 business results. Groups under pressure to adjust include technology, steel, oil and gas, real estate, agriculture , fisheries and finance; while retail, plastics and some stocks with positive business results recorded positive developments.
Liquidity increased sharply, with trading volume on the Ho Chi Minh City Stock Exchange increasing 26.4% compared to last week, showing high selling pressure, especially in large-cap stocks in the last session of the week. Many stocks were strongly sold when they touched or surpassed the old peak.
Notably, foreign investors continued to net sell, marking the 13th consecutive week, although the scale somewhat narrowed, with a net selling value of VND4,839 billion on this floor.
Phan Tan Nhat, Head of the analysis team at SHS Securities Joint Stock Company, commented that the VN-Index has created a short-term peak around the 1,780-1,800 point range and is in a correction phase to retest the 1,700 point range. This is not a suitable price range to increase positions or chase buying. Investors need to make careful assessments based on the reasonable valuation of each enterprise, the third quarter business results and proactively control short-term risks.
Meanwhile, experts from Vietnam Construction Securities Joint Stock Company said that the positive point is that the support zone of 1,720 points is still maintained, and the index is likely to retest this threshold next week. However, the short-term trend still has potential risks, and the reversal signal has not been confirmed. Investors are recommended to maintain their existing portfolios and closely observe the two support zones of 1,720 points and 1,670 points to have a suitable disbursement strategy.
Source: https://hanoimoi.vn/tuan-qua-chung-khoan-giam-hon-16-diem-nha-dau-tu-ngoai-tiep-tuc-ban-rong-720190.html
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