VN-Index edged lower as capital shifted toward industrial and telecommunications sectors.
On the domestic stock market this morning, although the main index did not fluctuate much, the performance across different sectors showed a clear divergence.
The securities sector remained in the red, with VIX, SSI, and VND falling by around 1%. Despite a period of correction, the P/E valuation of the securities sector is still around 17 times, less attractive than the overall market valuation of approximately 14 times.
Conversely, chemical and oil and gas sectors were dominated by green and purple today. DGC, CSV, and PVD all hit their price ceilings. Fertilizer stocks DPM and DCM also increased by 2-3%.
The divergence also occurred within some sectors, particularly the banking group. While ABB rose by approximately 5%, STB fell by more than 3%. Most other stocks in the group showed mixed results, with some stocks in the green and others in the red, but closed the session without significant changes.
Notably, foreign investors significantly increased their net selling this morning compared to the previous three sessions. The net selling value exceeded 1,000 billion VND.
However, many believe that the trend of net selling by foreign investors will soon reverse in the coming period, especially when Vietnamese stocks are officially upgraded from September 2026.
On the afternoon of November 11, 2025, in Melbourne, a delegation from the State Securities Commission (SSC) held a working meeting with representatives of Vanguard Global Investment Fund – one of the world's largest asset management organizations, currently managing nearly US$13 trillion. The discussion focused on opportunities for cooperation, development, and attracting foreign investment into the Vietnamese stock market.
Vanguard also shared its plans to expand investment activities in Vietnam after the market upgrade, including opening trading accounts and indirect capital accounts. A representative from the fund emphasized that the process of complying with the new regulations will be a crucial test, providing global investors with firsthand experience of the investment environment in Vietnam.
The meeting affirmed the State Securities Commission's determination to modernize the securities market, enhance transparency, and build a safe, professional, and sustainable investment environment that meets the expectations of the international investor community.
Stocks return to consolidation phase, oil and gas stocks surge.
At the close of trading on November 13th, the VN-Index edged down 0.42 points to 1,631.44 points, with a trading volume of over 699 million shares, equivalent to 21,737.3 billion VND. Across the entire exchange, there were 163 gainers, 138 losers, and 63 unchanged stocks.
On the HNX exchange, the HNX-Index rose 1.5 points to 266.29 points, with a trading volume of over 90.3 million shares, equivalent to 2,143.6 billion VND; there were 69 gainers, 64 losers, and 65 unchanged stocks.
The UPCOM market also maintained its positive momentum, with the UPCoM-Index rising 1.01 points to 120.04 points, trading volume exceeding 33.5 million shares, equivalent to 772.8 billion VND. Across the entire exchange, 143 stocks increased, 71 decreased, and 85 remained unchanged.
Within the VN30 basket, the market was relatively balanced with 15 declining stocks, 13 rising stocks, and 2 unchanged stocks. Many leading stocks such as VRE, VHM, CTG, FPT, HPG, MSN, MWG,ACB ... declined, putting downward pressure on the overall index. On the upside, DGC maintained its ceiling price increase; GAS, GVR, VNM, VJC... maintained their positive performance.
A standout highlight was the oil and gas sector, which saw a sharp increase across the board: PVD hit its ceiling price, PVC rose 4.62%, PVS 3.9%, OIL 3.77%, POS 3.25%, PVB 2.43%, BSR 1.58%, and PLX 1.32%. From the second half of October 2025 to the present, many oil and gas stocks such as PVD and PVS have surged by 37% and 24% respectively; GAS, OIL, and PLX also increased by 6-10%.
The upward trend of this group was boosted after the Government issued Resolution No. 66.6/2025/NQ-CP dated October 28, 2025, on addressing difficulties and obstacles in delegating the authority to approve certain aspects of oil and gas activities.
According to the resolution, the Vietnam Oil and Gas Group (PVN) is authorized to perform certain tasks and exercise certain powers of the Ministry of Industry and Trade under the 2022 Oil and Gas Law and Decree 45/2023/ND-CP, such as approving the overall development plan for oil fields, adjusting the early exploitation plan, or adjusting the oil field development plan when the total investment fluctuates by less than 10%.
Granting more authority to PVN is considered an important step, helping to increase proactiveness, shorten administrative procedures, and accelerate the implementation of oil and gas projects, creating momentum for stock price increases in the group.
Along with oil and gas, the chemical sector also saw gains. Conversely, the securities sector was the focus of declines as many stocks were heavily sold off. The remaining sectors showed mixed performance, with both gains and losses.
Foreign investor activity was a negative factor, with continued net selling of VND 1,240 billion. On the HOSE alone, net selling amounted to VND 988 billion, with STB experiencing the heaviest selling at VND 408 billion, followed by VCI (VND 223 billion) and VIX (VND 129 billion). On the HNX, foreign investors net sold VND 37 billion, while on UPCOM, the figure was VND 215 billion.
After two strong upward sessions, the market's temporary consolidation phase is considered normal. Investors need to monitor the flow of money and the resilience of oil and gas stocks in the coming sessions, as this group is gradually becoming a new pillar of support for the market.
Source: https://vtv.vn/vn-index-giam-nhe-100251113180907676.htm
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