Stock market session October 2: Weak liquidity, foreign investors continue to sell strongly

After the early gains, the Vietnamese stock market quickly reversed and fell sharply in the afternoon of October 2, as weak cash flow and strong net selling pressure from foreign investors continued to weigh on the index.

Customers transact at the headquarters of Bao Viet Securities Company. Photo: Tran Viet/VNA

At the end of the trading session on October 2, VN-Index decreased by 12.74 points to 1,652.71 points; HNX-Index lost 3.67 points to 269.55 points. The entire market recorded 418 stocks decreasing, while only 216 stocks increasing.

Liquidity was low, with the VN-Index trading volume reaching nearly 770 million shares, equivalent to more than VND22,000 billion; the HNX-Index reached over 74 million shares, worth more than VND1,500 billion. The total trading value on all three exchanges was just over VND24,000 billion, significantly lower than the July-August period.

In terms of impact, VIC, MBB, TCB, LPB were the stocks that most positively supported the VN-Index. On the contrary, VHM, VPB and VRE put great pressure, causing the index to fall deeply. On the HNX, the KSV, SHS and MBS groups had the most negative impact.

There was a strong divergence across sectors, but red still dominated. Hardware and equipment, along with financial services, were the two sectors with the sharpest declines. On the other hand, the commercial and professional services sector recorded a rare positive impact on the market.

Regarding foreign transactions, the net selling pressure has not stopped. On HOSE, this group net sold more than 2,200 billion VND, focusing on VHM (240 billion VND),FPT (234 billion VND), VPB (222 billion VND) and STB (173 billion VND). On HNX, foreign investors net sold more than 44 billion VND; of which SHS was the most net sold (24 billion VND), followed by IDC (9 billion VND) and HUT (7 billion VND).

The decline on October 2nd showed that cautious sentiment still dominates the market, cash flow is not ready to return, while net selling pressure from foreign investors is still a worrying factor for the short-term trend.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-phien-210-thanh-khoan-yeu-khoi-ngoai-tiep-tuc-ban-rong-manh-20251002161209039.htm