The stock market started the new week with a lackluster performance as the VN-Index “fell” by more than 42 points, a series of stocks hit the floor and a gloomy trading picture covered the entire market. In the following two trading sessions, trading sentiment somewhat stabilized and the index recovered.

The trading session on Thursday was notable when more than 36 points were blown away in the morning session, mainly due to the sharp decline of bluechip stocks. And then, demand quickly returned, helping the market regain all the losses. Closing the trading week with 1 down session and 4 up sessions, VN-Index closed at 1,666.26 points, up 0.29 points (+0.02%).
Average weekly liquidity on the Ho Chi Minh City Stock Exchange reached VND37,179 billion, down 9.86%.
The trading week was volatile and the opening was tilted towards red with 12/21 industry groups losing points. Real estate, steel and retail were the three industry groups that gained the most points last week. On the other hand, telecommunications technology, securities and banking were the industries under the strongest correction pressure.
Foreign investors extended their net selling streak with a value of VND5,083 billion at the end of the week.
Experts from Vietnam Construction Securities Joint Stock Company said that VN-Index had 4 sessions of increase, but the trading volume in all 4 sessions was lower than the average of 20 sessions, showing that a strong breakout momentum is unlikely. However, with 4 sessions of increase, VN-Index has completely regained all the points lost in the sharp decline at the beginning of the week, the bottom-fishing demand is always present.
“We expect the VN-Index to maintain its recovery trend around 1,686 in the sessions of next week. However, if there is no improvement in liquidity, the VN-Index is likely to correct again. We also see cash flow shifting to some groups of stocks that have accumulated and broken out strongly in the recovery sessions, so we can open a tentative buying position with a small proportion in the above codes,” this business expert recommended.
Phan Tan Nhat, Head of Analysis at Saigon - Hanoi Securities Company (SHS), said that the short-term trend of VN-Index is accumulating positively within a narrow range with the resistance zone around 1,670 points and the support zone around 1,600 points. VN-Index is improving its trend when it surpasses the resistance zone around 1,655 points.
In the September 2025 strategic report, business experts maintain recommendations for 5 main stock groups: Residential real estate, securities, banking, construction materials, and construction - infrastructure. With low liquidity, investors can evaluate good quality stocks with strong recovery potential, leading the market in the medium and long-term trend that is still growing. In particular, it is expected that the construction materials and construction - infrastructure groups will be the growth drivers of the economy in the final period of the year while credit growth will slow down compared to the same period in 2024. Investors maintain a reasonable proportion, can consider disbursing with good quality stocks, attractive valuations compared to the general market and business results with good growth prospects in the final period of the year, should not buy at high prices, when supply pressure may increase again, causing the VN-Index to head towards the resistance zone in the coming sessions.
Source: https://hanoimoi.vn/ky-vong-chung-khoan-duy-tri-xu-huong-hoi-phuc-716022.html
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