VN-Index lost more than 22 points, foreign investors extended their net selling streak

The Vietnamese stock market closed the first trading session of November in a gloomy red as selling pressure spread across most industry groups. At the end of the session on November 3, the VN-Index fell 22.65 points (-1.38%) to 1,617 points; the VN30-Index fell 27.72 points (-1.47%) to 1,857.64 points. On the Hanoi Stock Exchange, the HNX-Index also lost 6.67 points (-2.51%) to 259.18 points, while the UPCoM-Index increased slightly by 1.17 points (+1.03%) to 114.63 points.

The market is on fire, VN-Index decreased more than 22 points in the trading session on November 3

Right from the beginning of the afternoon session, the market was under increasing selling pressure, causing the VN-Index to plummet. Red covered the entire floor with 468 stocks decreasing in price, while only 229 stocks increased. In the VN30 basket, 23/30 stocks lost points, only 4 stocks increased slightly.

Banking stocks continued to be the focus of the session when they all fell sharply: TCB lost 4.27%, STB fell 5.77%, VPB fell 3.83%, HDB lost 4.53%, MBB fell 2.12%,SHB fell 3.04%. This group alone caused the VN-Index to "evaporate" about 12 points.

No less gloomy, the group of securities that are sensitive to market fluctuations also fell sharply: VIX (-6.96%), SSI (-5.25%), VND (-3.91%), SHS (-9.57%). Large-cap stocks such as HPG (-2.43%), MSN (-2.02%), MWG (-1.77%), VRE (-2.61%), KDH (-2.12%) continued to face strong selling pressure, preventing the index from recovering.

In the overall red market picture, the essential consumer group was the rare group that maintained green with an increase of 1.45%, thanks to the improvement of MCH (+9.72%), SAB (+0.98%), KDC (+5.62%) and BHN (+2.42%). Some pillar stocks such as VIC,FPT , BVH, KDC, GMD and BMP also maintained their growth momentum, contributing to restraining the decline of the general index.

However, this contribution is not enough when investors are still cautious. Market liquidity reached nearly VND33,100 billion, a slight increase compared to the previous session; HoSE alone recorded more than VND29,480 billion in matched transactions, showing that profit-taking pressure is still high.

The biggest negative point of today's session continued to be the net selling of foreign investors. Foreign investors net sold more than 160 billion VND, marking the fourth consecutive session of capital withdrawal. The most sold codes included VIX (283.78 billion), MBB (122.88 billion), STB (86.82 billion) and VRE (84.61 billion).

This move makes it difficult for domestic demand to support the index in the short term, especially when many individual investors are under great margin pressure after a long series of sharp declines.

According to SHS Securities Company, VN-Index has now completed the long-term growth cycle since April 2025 and is entering a correction phase, accumulating in a narrow range around 1,620 points. Although short-term risks still exist, SHS believes that opportunities are opening up for long-term investors in stocks with good fundamentals and have adjusted deeply to attractive price ranges.

Tien Phong Securities (TPS) believes that the 1,600 - 1,620 point area is an important technical "cushion", as this area has seen strong bottom-fishing demand many times since August until now.

Meanwhile, Phu Hung Securities (PHS) assessed that if the 1,600 point mark is broken, the index could fall to a deeper support zone around 1,540 - 1,550 points.

Yuanta Vietnam Securities (YSVN) believes that the short-term trend of the market is still down.

After three consecutive weeks of decline, the VN-Index has lost about 150 points since its historical peak of nearly 1,800 points. The lack of signs of foreign investors stopping selling, along with widespread pessimism, makes it difficult for the market to regain balance soon.

Although Vietnam’s stock market has just been upgraded from a frontier market to an emerging market, the news is expected to create momentum for foreign capital flows, but the actual reaction shows that investors are still cautious. This development confirms that the short-term trend of the market is still volatile, but also opens up selective opportunities for investors with enough patience and medium- and long-term vision.

Source: https://thoibaonganhang.vn/vn-index-mat-hon-22-diem-khoi-ngoai-noi-dai-chuoi-ban-rong-172978.html