VN-Index lost the recovery mark, cash flow switched to defense

The Vietnamese stock market entered the trading session on October 30, 2025 with expectations of a continuation of the uptrend after the two previous recovery sessions. However, the positive state was quickly replaced by red spreading across the market, especially in the afternoon session when active selling pressure increased sharply in many pillar stocks. This reflected the cautious sentiment of investors in the context of short-term cash flow being observed from the sidelines and macroeconomic factors not creating clear support.

Foreign investors net sold more than 1,200 billion, securities group plummeted, VN-Index adjusted nearly 17 points

At the end of the session, the VN-Index stopped at 1,669.57 points, down 16.26 points, equivalent to 0.96%. Notably, the index was pulled back nearly 25 points to the 1,660 point mark before narrowing the decline at the end of the session, but the recovery effort was quite weak. The VN30-Index basket fell more sharply, nearly 24 points, showing that selling pressure was concentrated on large-cap stocks - the group that played a role in supporting the index in many previous periods.

One of the negative highlights of the session was the performance of VIC stock. This code lost 3.73%, thereby removing nearly 7 points from the VN-Index, nearly half the general decline of the market. In addition, codes in the same ecosystem such as VRE also decreased 3.76%, making the large-cap real estate group a major drag during the session.

Not only real estate, the banking group also recorded widespread weakness. A series of codes in this group simultaneously decreased in points: LPB (-3.53%), EIB (-2.37%), VPB (-2.18%), MBB (-1.64%), MSB (-1.59%), TCB (-1.92%),ACB (-1.18%), VIB (-1.32%)... This shows that cash flow is strongly withdrawn from the leading group, while expectations for profit growth in the second half of the year are gradually becoming more cautious.

A rare bright spot was recorded atSHB with a slight increase of +0.6%, thanks to bottom-fishing demand appearing at low prices.

Foreign capital continued to exert pressure with strong net selling for the second consecutive session. The total net selling value on HOSE reached nearly VND1,153 billion, while the whole market reached about VND1,200 billion.

Notably, both VIX and GEX hit the floor, while MBB fell 1.64%, showing that capital withdrawal pressure was clearly concentrated in the financial - industrial group.

VIX became the stock with the worst impact on VN-Index, falling by a sharp -6.98% to VND29,300/share, while recording liquidity of more than 65.6 million units, ranking second in the entire market. Heatmap data also shows that VIX was withdrawn the most with a negative value of up to VND385 billion.

Investors are showing caution with industries sensitive to market fluctuations, in the context of unclear short-term trends.

The " Gelex family" group recorded extremely strong selling pressure: GEX dropped to the floor -6.97%, continued to be strongly withdrawn with a negative value of ~180 billion VND; CII decreased -2.59% due to concerns about capital pressure and bond obligations

Steel and construction materials groups also adjusted slightly: HPG (-1.28%), POM, HSG, DGC fell, showing that the fourth quarter profit outlook has not improved significantly.

In contrast to the majority of large-cap stocks, speculative real estate stocks have become cash flow magnets. The most notable development is that KHG rose to VND8,200/share thanks to a 28.6% year-on-year increase in after-tax profit in the third quarter of 2025, with a marked improvement in profit margin.

Total market liquidity reached just over VND25,940 billion; HoSE alone ~VND20,870 billion, down from previous sessions. Market breadth was heavily tilted towards the selling side: 374 stocks decreased in price, 338 stocks increased, 16 stocks hit the floor.

This shows that cash flow is shrinking, and short-term investors are mainly watching and waiting for more stable signals from leading groups.

FPT continued to make a slight breakthrough +0.98%, attracting a net of VND195 billion, leading the market. This reflects expectations of maintaining growth in the technology group in the context of market correction.

MWG slightly decreased -0.24% but cash flow reached +59 billion VND, showing support at low price range.

Cash flow tends to be more selective, focusing on industry groups that maintain substantial growth such as technology, consumer goods and some real estate codes with their own stories.

Investors are advised to strictly manage risks, limit the use of excessive leverage and wait for clearer trend confirmation signals before increasing the proportion.

Source: https://thoibaonganhang.vn/vn-index-danh-mat-moc-phuc-hoi-dong-tien-chuyen-sang-phong-thu-172808.html