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 was in turmoil, with the VN-Index falling more than 22 points in the trading session on November 3rd.

From the start of the afternoon session, the market faced increased selling pressure, causing the VN-Index to plummet. Red dominated the entire exchange, with 468 stocks declining while only 229 rose. Within the VN30 basket, 23 out of 30 stocks lost value, with only 4 showing slight gains.

Banking stocks continued to be the focus of the session, falling sharply across the board: TCB lost 4.27%, STB fell 5.77%, VPB dropped 3.83%, HDB lost 4.53%, MBB declined 2.12%, andSHB dropped 3.04%. This group alone caused the VN-Index to lose approximately 12 points.

Equally gloomy, the securities sector, which is 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.

Amidst a predominantly red market, the essential consumer goods sector was one of the few to remain in positive territory, rising 1.45%, thanks to strong performance from MCH (+9.72%), SAB (+0.98%), KDC (+5.62%), and BHN (+2.42%). Several key stocks such as VIC,FPT , BVH, KDC, GMD, and BMP also maintained their upward momentum, helping to curb the overall index decline.

However, this contribution was insufficient as investor sentiment remained cautious. Market liquidity reached nearly 33,100 billion VND, a slight increase compared to the previous session; HoSE alone recorded over 29,480 billion VND in matched transactions, indicating that profit-taking pressure remained high.

The biggest negative aspect of today's session continued to be the net selling activity by foreign investors. Foreign investors sold a net of over 160 billion VND, marking the fourth consecutive session of capital withdrawal. The stocks most heavily sold included VIX (283.78 billion VND), MBB (122.88 billion VND), STB (86.82 billion VND), and VRE (84.61 billion VND).

This move makes it difficult for domestic demand to support the index in the short term, especially as many individual investors are under significant margin pressure after a prolonged period of sharp declines.

According to SHS Securities, the VN-Index has completed its upward cycle that lasted from April 2025 and is now entering a correction and consolidation phase within 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 strong fundamentals and that have corrected deeply to attractive price levels.

Tien Phong Securities (TPS) believes that the 1,600 - 1,620 point range is an important technical "cushion," as this area has repeatedly seen strong buying pressure since August.

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

Yuanta Securities Vietnam (YSVN) believes the short-term trend for the market remains downward.

After three consecutive weeks of decline, the VN-Index has lost approximately 150 points from its historical peak of nearly 1,800 points. The fact that foreign investors show no signs of stopping selling, coupled with widespread pessimism, makes it difficult for the market to regain balance anytime soon.

Although Vietnam's stock market was recently upgraded from frontier to emerging market status, a development expected to stimulate foreign capital inflows, the actual reaction shows that investors remain cautious. This development confirms that the short-term market trend remains volatile, but also opens up selective opportunities for investors with sufficient patience and a medium- to long-term vision.

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