The cautious mentality remained, the stock market continued to record strong fluctuations during the day when stocks bottomed into accounts. The increased pressure on the market comes from large-cap stocks, with more sales orders.
VN-Index closed on October 30, down 16 points (0.96%) to 1,669.57 points. Liquidity remains low with trading value on HOSE reaching over VND 23,800 billion. Foreign transactions are a minus point when they are net sold at VND1,210 billion in the whole market.
In today's trading session, VN-Index was negatively affected mainly by the large-cap group when the VN30 basket had 20 decreasing stocks. The biggest impact was VIC when Vingroup's shares decreased by 3.7% with liquidity of nearly VND 772 billion.
In addition to the blue chip group, the market was also affected by VIX and GEX, two of the 5 stocks on the stock exchange today. Both stocks are in the group of 10 stocks that have the most negative impact on the general index.
Of which, VIX reduced all range to VND 29,300/share with liquidity of nearly VND 1,961 billion. GEX also matched the highest order at a 7% discount compared to the reference price, at VND47,350/share. Foreign investors also net sold nearly VND390 billion in VIX shares and more than VND196 billion in GEX shares. Both of them led the stocks with the most withdrawals today due to foreign investors.
Continuously decreasing market liquidity is something experts are concerned about for this recovery. VN-Index is forecast to continue to fluctuate due to pressure from the resistance level of 1,690-1,700 points, in addition to the net selling effect from foreign investors.
Investors believe that investors should still take advantage of technical recovery sessions to restructure and continue selling stocks with signs of weakening, thereby bringing the portfolio ratio to a safe level. Only " selectively" hold potential stocks. Do not rush to buy and chase in the technical hoi bonus if any.
This is the time to select investment opportunities based on the reasonable valuation zone of the enterprise and good growth in the third quarter of 2025.
However, it is not recommended to increase the proportion when the VN-Index is in the short-term resistance price range around 1,700 points. The investment goal is to target codes with good fundamentals, industry leaders in strategic industries, and outstanding growth of the economy.
