The stock market ended the opening week of October in a state of poor performance. The fluctuations of fluctuating fluctuations on the basis of low liquidity for many consecutive sessions have eroded the patience of investors.
The high selling pressure in the last two sessions of the week broke the accumulated sideways position around the 1,660-point threshold of the VN-Index. The efforts to keep the rhythm from a few large pillars are no longer enough to balance when the rest are weakening simultaneously.
At the end of the trading week, the VN-Index decreased by 14.88 points (-0.89%), down to 1,645.82 points. Liquidity decreased for the third consecutive week, with trading volume on HOSE decreasing by more than 10% compared to the previous week, an average of 814 million shares/session.
Notably, foreign investors are still tirelessly maintaining a strong selling state with the total net selling value in the last week of September - early October reaching more than VND 7,600 billion, in which the focus for selling is blue chip stocks and large stocks.
Investors assess that the VN-Index is fluctuating at a historical peak after a rapid and strong increase before, bringing the stock price level to a new high, causing many businesses to not be cheap. In this context, many investors choose to stand on the sidelines to observe, waiting for a disbursement opportunity when the market signals clearly.
Next week, information about the market upgrade results or the business results picture for the third quarter of 2025 will gradually revealed, which will be an important factor to shape new trends in the future.
Corporate profit in the first 6 months of the year increased by about 21%, significantly higher than the same period in 2024. The number of businesses reporting losses also decreased by more than 10%, showing that the general picture is still stable despite fierce competition. Key industries such as banking, securities, and real estate all grew strongly, creating a solid foundation for market breakthroughs in the first 9 months of the year.
In the third quarter of 2025, many industries are forecast to continue to be bright spots, especially real estate, construction, and materials. The financial group - including banks and securities - is expected to maintain stable growth, playing a role as a profit support. In addition, agriculture, electricity, aquaculture, logistics, retail, and aviation will benefit from the economic recovery. Of course, in each industry, there will be leading and outstanding breakthrough enterprises.
Dr. Nguyen Duy Phuong, Director of Strategic Investment of DG Capital Fund, said that the season of announcing third quarter business results and upgrading information in early October, these are all factors that have been highly expected in the short term and significantly reflect the increase of the VN-Index. The risk of adjustment still exists, especially when the technical structure of the VN-Index is not positive in the short term.
Even if the market is decided to upgrade, the VN-Index is likely to surpass 1,700 points, but there will not be much room for further increase, because expectations have been largely reflected, Dr. Phuong stated his opinion.
