The stock market was under selling pressure after 2 consecutive recovery sessions, causing the VN-Index to switch to a state of slight fluctuations in the trading session on November 13. The market ended the session almost flat despite lacking support from large groups of stocks with slightly decreased liquidity.
At the end of the trading session on November 13, the VN-Index decreased by 0.42 points (-0.03%) to 1,631.44 points with 163 stocks increasing and 138 stocks decreasing. The total trading volume reached 673.6 million units, worth VND 21,171 billion.
Foreign transactions were a minus point when they continued to net sell 1,240 billion VND. On HOSE, foreign investors net sold VND988 billion. In the buying direction, FPT shares were bought the most by foreign investors on HOSE with a value of more than 288 billion VND. Following that, VNM was the next code to strongly collect 276 billion VND. In addition, TCB and PVD were also bought for 144 and 119 billion VND respectively. In contrast, STB is the foreign exchange-traded stock with the strongest VND 408 billion. Following that, VCI and VIX stocks were also "disbursed" VND223 billion and VND129 billion.
The VN30 group is still less optimistic as the end of the session decreased by more than 8 points, with 13 codes increasing and 15 codes decreasing. In particular, DGC maintained its ceiling increase with liquidity reaching more than 8 million units and ceiling buybacks of nearly 1.1 million units; VNM had a positive trading session when it closed the session with a 3.3% increase to VND 61,800/share with matched volume reaching more than 9.7 million units...
On the contrary, STB shares still fell the most when they lost 3.8%, which was also the deepest decline in the banking line.
In terms of industry groups, the developments are not much different in the morning session when the banking - securities - steel pillar groups still adjust slightly. In particular, stocks fell more deeply after previous strong increases.
In the banking stock group, some counterfeit stocks successfully floated such as SHB, TCB, VCB, BID, LPB, but the increase was only above and below 0.5%. The real estate group adjusted slightly, but the bright spot was industrial park real estate stocks.
According to Vietcap Securities Company's November strategy report, VN-Index is facing 3 movement scenarios: continuing to accumulate, breaking through when surpassing 1,700 points or retreating deep into the 1,500 point area if strong selling pressure and negative psychology are spreading.
Vietcap cited data showing that, by October 31, 2025, 968/1,644 enterprises had been listed, equivalent to 91.9% of market capitalization, announcing business results for the third quarter. Total after-tax profit increased by 41.1% over the same period, while the group of 81 stocks in Vietcap's monitoring portfolio recorded an increase of 15.2% and have forecasted a profit of about 71%. for the whole year.
However, the end of the third quarter reporting season means that the market lacks new supporting information in November, causing price movements to be more affected by psychology and domestic and foreign macroeconomic signals.
With the current situation, according to Vietcap, the base scenario has the highest probability of 60% with the VN-Index continuing to move sideways within the range of 1,620-1,690 points throughout November, with an error of about 10 points. Liquidity is forecast to remain low due to the accumulation state limiting speculative activities, causing stocks to differentiate according to psychology and individual information.
In the positive scenario with a probability of 15%, the VN-Index may surpass the 1,690-1,700 point range with a strong improvement in liquidity. At that time, cash flow can return to the leading group of stocks and create an opportunity to bring the index to the 1,790-1,800 point range.
On the contrary, the negative scenario has a probability of 25% when the index is under strong selling pressure, especially from foreign investors and margin cash flow is foreclosed, causing the VN-Index to penetrate the 1,610-1620 point area. At that time, the index is at risk of adjusting deeper to the support zone around 1,500 points.
