Red color covers, VN-Index loses 1,640 point mark

Thanh khoản rơi về đáy, dòng tiền “đứng ngoài quan sát”

Liquidity falls to bottom, cash flow "stands outside and observes"

The amount of stocks that were bought at the bottom of 1,600 points but had little profit margin has caused investors to limit short-term trading. Liquidity on both exchanges has dropped sharply, to only VND20,235 billion, the lowest level since the end of June 2025. Of which, the VN30 basket only matched over VND9,739 billion, the first time it fell below the VND10,000 billion mark in nearly four months.

The market experienced many ups and downs during the session. After the afternoon session opened, the VN-Index recovered slightly and exceeded the reference price by more than 1 point. However, the VN-Index quickly reversed and decreased again when selling pressure increased sharply at the end of the session. Although the market breadth improved with 131 stocks increasing compared to 176 stocks decreasing, the recovery was weak and the buying money flow was still cautious.

The banking group continued to be the most negative "hot spot" when most of the large codes were in red. HDB fell the deepest with -3.06%, followed by VPB -2.56%,SHB -2.16%, TCB -1.47%, MBB -0.84%, VCB -0.82%, BID -0.39%. The simultaneous adjustment of this group caused the index to lose an important support pillar, dragging down market sentiment.

The stock group also decreased: SSI -1.72%, VIX -2.96%, VND -1.75%, HCM -2.17%. Weakened liquidity reflects that short-term speculative cash flow is not yet ready to return, although the price level of many stocks has returned to attractive levels.

Amidst the market's "sea of fire", VIC increased slightly by +0.63% and was the most positive support for the VN-Index. In the same direction, BCM increased by 2.23%, MWG increased by +0.12%, KBC +1.71%, DIG +0.74%. In the oil and gas group, PVD increased by 1.86%, PVS +1.17% thanks to the benefit of a slight increase in world oil prices. This is also a rare group that has maintained its cash flow attraction in the context of a weakening general market.

However, most other codes still fell sharply. The real estate group was under great pressure: DXG -1.49%, VHM -0.7%, PDR -2%, KDH -2.43%. The industrial sector also lost points: CTD -5.99%, GMD -1.34%, VJC -1.95%. Even the essential consumer group was divided: MSN fell 1.75%, MCH lost 4.37%, only MWG remained green.

Foreign capital is still a significant pressure factor when continuing to net sell -1,067 billion VND across the market, extending the divestment chain that has lasted since the end of October. Stocks that were sold heavily include STB (-179.6 billion VND), VPB (-102.5 billion), HPG (-89.2 billion), SSI (-61.1 billion), CTG (-59.7 billion). On the contrary, foreign investors net bought MWG (+177.4 billion), VIC (+71.6 billion), VNM (+31 billion), PVD (+15.7 billion) - showing a priority on leading enterprises with solid foundations.

Although the VN-Index only lost more than 12 points, many stocks corrected deeply, erasing almost all of the recovery gains of the previous two sessions. The sharp decline in many sectors shows that market sentiment is still fragile, especially when buying money is weak and foreign investors have not stopped net selling.

Experts say that in the coming sessions, the VN-Index may continue to fluctuate around the 1,630 - 1,650 point range. Cash flow is likely to remain selective, targeting stocks with their own stories such as oil and gas, retail and industrial real estate, which still have room for growth in the fourth quarter.

The market still needs more time to absorb the bottom-fishing stocks into the account, before entering a new recovery phase with the confirmation of large cash flow.

Source: https://thoibaonganhang.vn/sac-do-bao-trum-vn-index-mat-moc-1640-diem-173187.html