Market 'on fire', VN-Index lost nearly 30 points

At the end of the trading session on October 31, VN-Index decreased by 29.92 points (1.79%) to 1,639.65 points, HNX-Index lost 1.11 points (0.42%) to 265.85 points. Meanwhile, UPCoM-Index increased by 0.04 points (0.04%) to 113.46 points.

The VN30-Index decreased by 39.82 points (2.07%) to 1,885.36 points.

Fluctuations in large-cap stocks are the main reason for the market's decline, with the focus being on "Vin" stocks.

VIC fell 6.42% to VND191,000/share, taking 10.04 points off the VN-Index, while VRE and VHM fell 4.62% and 3.76%, respectively. These three codes alone caused the index to lose more than 13 points.

In addition, banking stocks also put pressure on the market such as HDB, LPB, STB, TCB, VPB,SHB , MBB, VCB. The adjustment pressure also spread to VJC, GEX, VIX, MWG, causing red to cover the leading group.

The bright spots in today's trading session are stocksACB , FPT, DGC, VNM, PVD, MSN...

Total market liquidity reached nearly VND30,100 billion, of which HoSE accounted for more than VND27,670 billion. On HoSE, red dominated with 190 stocks decreasing and 127 stocks increasing. Foreign investors net sold more than VND520 billion.

The market is on fire, VN-Index lost nearly 30 points in today's trading session. (Illustration photo).

Some securities companies predict that the market may fluctuate in the coming time, so investors need to be careful when making decisions.

MB Securities (MBS) believes that the market trend will likely return to fluctuating within the range of 1,620 - 1,750 points in November. Cash flow may decrease (according to seasonal factors) at the end of the year, in addition to the fact that foreign investors continue to sell at a record rate, and deposit interest rates increase slightly as banks rush to the end of the year.

“In a cautious scenario, if the support zone around 1,620 points is broken, the market may test the 1,550 point mark before recovering for an uptrend at the end of the year,” MBS stated.

Yuanta Vietnam Securities (YSVN) recommends that the short-term trend of the general market remains bearish. Therefore, investors can continue to hold stocks at 20-40% of the portfolio and continue to consider new purchases at a low proportion.

Meanwhile, Tien Phong Securities (TPS) commented that the possibility of VN-Index surpassing the resistance of 1,700 points is becoming less likely, instead there is a risk of readjusting to the 1,620 point zone. The 1,600 - 1,620 point zone has recorded strong bottom-fishing cash flow many times since August 2025 until now, showing that the current valuation level is being accepted by the majority of investors.

"This price zone can therefore become an important buffer, reinforcing the market's medium- and long-term uptrend in the coming period," TPS forecasts.

HOANG DUNG

Source: https://vtcnews.vn/thi-truong-ruc-lua-vn-index-mat-gan-30-diem-ar984159.html