Stocks recover strongly after historic drop, how is the blockbuster TCX on its debut day?

In contrast to the 'sell-off' time yesterday afternoon, after 2pm today, the stock market recorded a relatively good recovery in many stocks. Blue and purple colors appeared on the board, helping VN-Index regain more than 26 points after the historic drop.

The stock market recovers - Photo: QUANG DINH

After yesterday's record drop, the stock market on October 21 recorded significant recovery efforts from many stock groups.

With more than 210 green stocks, overwhelming 130 losing stocks, VN-Index increased by more than 27 points, climbing back to the 1,663 point zone. HoSE liquidity today was quite good, surpassing VND47,000 billion.

Earlier, the Ho Chi Minh City Stock Exchange opened in the green thanks to the pull from large-cap stocks, but active selling pressure still prevailed widely. When the buying power weakened towards the end of the morning session, the index reversed and fell nearly 6 points.

Market liquidity in the morning session increased sharply by 83% compared to the same time yesterday, showing that bottom-fishing cash flow appeared but was still not strong enough to balance selling pressure.

In the afternoon session, especially from 2 p.m. onwards, the board recorded that the blue-purple color spread more widely and overwhelmed the red color. In particular, the green color returned to the Vingroup group of stocks, contributing positively to the increase of more than 22 points of the VN-Index.

Specifically, Vingroup's VIC increased by nearly 5%, while VHM added 1.2% in market value, and VRE was slightly green with +0.39%.

However, the focus of the market today must beFPT - this technology stock suddenly increased to the ceiling, "no sell side" and rose to 93,000 VND/share. This is the first time FPT has increased to the ceiling since the "tax bottom" in mid-April.

FPT’s decline in market value occurred in the context of strong foreign capital withdrawal. Since the beginning of the year, foreign investors have net sold more than 17,000 billion VND on the top 1 technology stock in Vietnam.

FPT soared after announcing its business results for the first nine months of the year with revenue of nearly VND49,900 billion and pre-tax profit of VND9,540 billion, up 10% and nearly 18% respectively over the same period last year.

Not only FPT, many other stocks are also recording positive growth momentum in the context of the third quarter business results announcement season starting.

As of October 20, 2025, 160 listed enterprises - accounting for about 9.4% of total market capitalization - have announced financial reports or preliminary estimates of third-quarter business results.

The total profit after tax of this group of businesses increased by 114% compared to the same period in 2024, a growth rate that outperformed the trend recorded in recent quarters.

However, experts note that this increase does not reflect the whole market picture, as most of the increase comes from a few leading enterprises with outstanding results, while many other industry groups still show clear differentiation.

By industry group, bank stocks in today's session recorded clear differentiation.

Notably, HDB unexpectedly increased to the ceiling after yesterday's "floor" session, becoming a bright spot of the group. A series of other codes such as CTG, VPB, TPB, BID, LPB... also recovered positively with an increase of 1 - 3%.

The stock group also had mixed performances. Except for SSI which increased by 1.6% and TCX - a newly listed company - which recorded a strong increase of 4.59%, most of the remaining codes in the group were under pressure to adjust, reflecting the cautious sentiment of investors after the strong fluctuations of the market.

Previously, when listed with a valuation of 110,000 billion VND, TCBS's TCX stock officially "dethroned" SSI Securities and became the securities company with the largest capitalization in the industry.

At the same time, TCBS's "blockbuster" IPO recorded a total number of investors registering to buy more than 575.16 million shares, 2.5 times higher than the amount offered for sale.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-ho-manh-sau-phien-giam-lich-su-bom-tan-tcx-ra-sao-ngay-chao-san-20251021145803886.htm