The HNX-Index also fell 2.27% to 260.11 points, while the UPCoM-Index was the opposite, rising slightly by 0.46% to 116.75 points. For the whole week, the VN-Index lost 2.47%, equivalent to more than 40 points, ending the previous short recovery streak.
Selling pressure appeared widely, especially in the large-cap group. VIC fell 7.02%, VHM lost 6.98%, together pulling the VN-Index down more than 13 points. In addition, the banking and securities groups also plunged: CTG (-4.11%), BID (-1.59%), VPB (-3.51%), SSI (-3.94%), STB (-6.84%).
In the VN30 group, onlyFPT (+1.79%) and GAS (+0.15%) remained green, thanks to the bottom-fishing demand of domestic and foreign investors. VHM, VIC, MWG, VPB, TCB were the codes that had the most negative impact on the index.
Notably, in this session, foreign investors continued to net sell nearly 1,400 billion VND on all three exchanges, focusing on STB (298 billion), HDB, SSI, MBB, VHM and VIC. On the net buying side, HPG (+300 billion VND), FPT (+119 billion VND) and PVS (+103 billion VND) stood out.
Domestic cash flow remained cautious, reflected in liquidity lower than the 20-session average. Red covered all 17/18 industry groups, of which real estate (-3.95%), trade - retail (-3.80%) and financial services (-3.00%) were the three groups under the strongest pressure. The energy and information technology sectors were almost flat thanks to GAS and FPT holding their prices.
According to Yuanta Vietnam Securities Company, the short-term support zone of 1,600 - 1,620 points is still playing its role, but the downtrend is still dominant. The market can recover technically around this zone but needs confirmed cash flow to form a short-term bottom.
Meanwhile, BETA Securities believes that the VN-Index is still below important moving averages, reflecting that the downtrend has not been broken. The widespread red color shows the cautious sentiment of investors, but the current correction phase could be a "gaining momentum" phase for a new cycle when the price level is gradually re-established.
Meanwhile, Vietcap offers three scenarios for November: Baseline scenario (60% probability): VN-Index moves sideways in the range of 1,620 - 1,690 points due to weakening cash flow. Positive scenario (15%): Index surpasses 1,700 points, heading towards the 1,790 - 1,800 point range if liquidity improves. Negative scenario (25%): VN-Index breaks through 1,610 points, retreats to the 1,500 point range if liquidation occurs and foreign investors maintain strong net selling pressure.
According to AseanSC Securities, the current fluctuations are an important “test” at the old bottom zone of 1,605 - 1,630 points (August 2025). If the index maintains this zone and cash flow does not decrease further, the possibility of a technical recovery next week will still be maintained.
The MACD indicator of VN-Index continues to be below 0 and sloping down, while the Stochastic Oscillator falls to the oversold zone, signaling that the market is in a state of "short-term supply exhaustion", which could open a technical recovery if no more bad news appears.
Experts recommend investors to limit sell-offs, maintain a low stock proportion and closely monitor reactions around the 1,600-point area. Some codes with positive technical signals such as FPT, NKG, PVD are recommended to be monitored for exploratory disbursement strategies.
Source: https://baotintuc.vn/thi-truong-tien-te/vnindex-giam-hon-43-diem-khoi-ngoai-ban-rong-gan-1400-ty-dong-20251107151600855.htm
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