
Listed stock market on HNX November 2025: liquidity decreased by 29.66% compared to the previous month
In November 2025, the HNX listed stock market had many strong fluctuations, the price index increased sharply and peaked in the middle of the month, then gradually decreased towards the end of the month and market liquidity also decreased.
The HNX index closed the last trading session of the month at 259.91 points, down 2.23% compared to the previous month. The highest point of this index was 268.69 points on November 17, 2025. Meanwhile, the average stock trading volume reached 78.6 million shares/session, down 27.17% and the average trading value decreased 29.66% to VND 1,756 billion/session.
Foreign investors trading listed stocks on HNX decreased by 33% compared to the previous month. Of which, the purchase value was over VND2,018 billion and the sale value was over VND2,076 billion, with a net selling value of over VND58 billion.

Meanwhile, self-trading activities of listed stocks at HNX of member securities companies increased by 46% compared to the previous month, with a transaction value of more than VND781 billion (accounting for more than 2.2% of the total market).
In contrast to the net selling trend of foreign investors, the self-trading sector of securities companies net bought more than 298 billion VND. At the end of November 2025, the HNX listed stock market had 306 listed enterprises with a total listing value of more than 173 trillion VND. The market capitalization value at the end of the month trading session reached more than 447.9 trillion VND, down 0.9% compared to October 2025.
UPCoM market November 2025: average transaction value increased by 13.08% compared to the previous month
The UPCoM market in November 2025 recorded an upward trend of the index. The UPCoM-Index ended the last trading session of the month on November 28, 2025 at 118.98 points, up 5.52 points (4.87%) compared to the end of October 2025. The average trading volume reached 35.79 million shares/session, down 19.76% compared to the previous month, corresponding to an average trading value (transaction value) of VND 796.6 billion/session, up 13.08%.

Foreign investors' transactions decreased compared to the previous month, in which foreign investors bought more than 7 million shares and sold more than 16.92 million shares. Correspondingly, the total purchase value was 377.3 billion VND and the sale value was more than 1.67 trillion VND, recording a net sale value of more than 1.29 trillion VND.
The securities companies' proprietary trading sector traded actively, increasing 2.5 times compared to October with the total value of proprietary trading reaching 492.5 billion VND. Of which, the buying value reached 120.5 billion VND, the selling value reached 372 billion VND, corresponding to the securities companies' proprietary trading sector net selling more than 251.5 billion VND in the month.
In November 2025, HNX put into trading shares of 2 newly registered enterprises and canceled the registration of trading shares of 5 enterprises, of which 3 enterprises canceled their registration of trading to transfer listing to HoSE and 2 enterprises were canceled their registration of trading according to the decision to cancel their public company status as prescribed. At the last trading session of November 2025, the UPCoM market had 878 enterprises registered for trading. The market capitalization value at the end of the month reached 1.49 million billion VND, up 0.81% compared to the previous month.
Source: https://nhandan.vn/thi-truong-hnx-thang-112025-thanh-khoan-co-phieu-niem-yet-giam-2966-upcom-index-tang-487-so-cuoi-thang-10-post928466.html










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