After a fairly strong decline on November 10, the stock market continued to show the possibility of a short-term correction. What is more worrying for investors is the psychological pressure at the 1,600-point mark, when it is likely that this support point has reversed into an important resistance zone.
During today's trading session (November 11), although it has approached the above mark several times, the VN-Index has been pushed back.
At the end of the trading session on November 11, the HOSE floor had 186 stocks increasing and 114 stocks decreasing. The VN-Index increased by 13.07 points (+0.83%), to 1,593.61 points.
The market mainly relied on the support of some bluechips, while most industry groups on the electronic board still only received the exploration demand, although many stocks have decreased quite deeply, reflecting the high caution of investors.
This has caused liquidity to continue to weaken and created more bottlenecks for the market's recovery momentum, even in the short term. The total trading volume in the session on November 11 reached more than 644.5 million units, worth VND 19,760.9 billion.
Net selling pressure from foreign investors continues to " cool down" with less than VND75 billion in net selling value on the HoSE. Accordingly, the group of banking and securities stocks that were sold strongly such as MBB, STB, CTG, HDB, VND. On the other hand, they net bought VIC, HPG, VNM, SHB, MSN codes.
Green dominates the VN30 group as the main driver for the index. In particular, Vingroup stocks stood out with VRE leading the increase of +4.2% to 31,050 VND, VHM increased 3.6% to 90,000 VND, VIC stocks increased by more than 1%. Thereby, contributing a total of more than 5 points to the VN-Index.
The recovery session has not given investors peace of mind as liquidity is still only low, the cash flow is reserved and the increase of the VN-Index is still mainly due to the contribution of a few bluechips.
In a new report analyzed, experts from ABS Securities Company pointed out that in October 2025, the VN-Index confirmed creating a peak with the candle reversing at the important resistance of 1,740 - 1,780 points on the medium-term chart. Trading volume and liquidity decreased quite rapidly in the first two weeks of October. Thus, the price and volume confirmed to agree during the downward adjustment process.
We consider this adjustment period appropriate after the market has increased rapidly in price and volume in the past 6 months. It is completely possible to expect the market to continue to grow again after the end of the current medium-term correction, ABS assessed, thereby proposing 2 scenarios for the market in November.
Scenario one, the market could not hold the support level 1 at 1,586 - 1,606 points. The short-term trend moves towards the support level 2 at the price range of 1,486 - 1,540 points and confirms the end of adjustment. At that time, the trading scenario is established with a sideways price range within the range of 1,500 - 1,740 points in the next phase.
Scenario 2, the market will maintain the support level 1 around 1,600 points, the market will move within a narrow range of 1,600 - 1,740 points, transactions will become more difficult in the chaotic and phase difference of market trends. Stocks have a huge differentiation, investors can trade according to account management levels and choose stocks with the participation of cash flow.
