Stock market corrects for second consecutive week

At the beginning of the week, the market witnessed a record sharp drop - nearly 95 points, partly due to the impact of the Government Inspectorate 's conclusion on violations in the issuance of corporate bonds, in which many enterprises were determined to have used mobilized capital for the wrong purposes. Along with that, foreign investors continued to sell strongly, creating more pressure on investor sentiment.

After a sharp decline at the beginning of the week, the market had three consecutive recovery sessions but could not make up for the previous decline. On October 24, the VN-Index decreased slightly.

At the end of the week, VN-Index decreased 48 points (-2.83%), to 1,683.18 points, below the 1,700 point price range.

Market breadth is tilted to the downside, reflecting investors’ cautious sentiment. Many stock groups that have performed well in recent times, such as securities, banks, seafood, seaports, construction, etc., are under strong selling pressure and correction.

On the contrary, some industry groups that have gone through a long accumulation period such as technology, telecommunications, retail... have recorded a positive recovery, especially in stocks with positive growth in business results in the third quarter of 2025.

According to experts from Kien Khiet Vietnam Securities Joint Stock Company, the positive point is that the market still maintains a strong support zone around 1,620 points, with bottom-fishing demand appearing promptly. However, cautious sentiment still prevails, so the market is unlikely to regain its previous upward trend anytime soon.

"We maintain our selling stance, reduce the stock weight when the index recovers to 1,720 points, and patiently wait for the opportunity to disburse when the VN-Index adjusts to 1,560 points to have a safe buying position," this business expert recommended.

According to Mr. Phan Tan Nhat, Head of Analysis Group of Saigon - Hanoi Securities Company (SHS), the market is clearly differentiated. Stocks that have increased sharply and have high leverage ratios are under strong selling pressure, while stocks with long-term accumulation price bases, reasonable valuations and positive third-quarter business results are attracting cash flow back.

This development opens up new investment opportunities, especially for businesses with attractive valuations and good growth in business results in the third quarter of 2024.

Source: https://hanoimoi.vn/thi-truong-chung-khoan-dieu-chinh-tuan-thu-hai-lien-tiep-720984.html