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 close of trading on October 9th, the VN-Index closed at 1,716 points, an increase of 18 points, or 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.

Market movements in the afternoon session remained largely unchanged, continuing the positive trend from the morning. Besides support from Vingroup stocks, the banking sector also made its mark with notable gains: CTG increased 3.97%, VPB increased 3.22%, and MBB increased 1.86%. These stocks contributed to consolidating the VN Index's upward momentum, helping the index maintain its positive performance until the end of the session.

A notable point is the trading activity of foreign investors. After a period of net buying, foreign investors unexpectedly switched to strong net selling on October 9th, with a total net selling value of VND 1,604.62 billion. The stocks under the strongest selling pressure included HPG, VRE, and SSI. This indicates a strategic adjustment by foreign investors, which could affect market sentiment in the short term.

At the close of trading, the VN-Index settled at 1,716 points, up 18 points, or 1.1%.

According to VCBS Securities Company, the VN-Index surpassing the 1,700-point mark on October 9th is a positive sign, mainly driven by blue-chip stocks. VCBS recommends that investors maintain their portfolios of uptrending stocks and consider investing in stocks in sectors attracting capital flows such as Banking, Public Investment, and Retail . This is the time when companies begin to announce their Q3/2025 business results, creating opportunities for investors to select potential stocks for short-term goals.

Meanwhile, Rong Viet Securities (VDSC) noted 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, indicating that capital is still actively supporting the market, while pressure from the supply of shares is not yet significant. However, for the market to extend its upward momentum, capital needs to maintain its strength and better absorb the 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