The VN-Index continues to experience a trading week in a narrow range with increasingly depleted liquidity before a series of important information is announced in October.
Currently, the cash flow flow into the market is showing signs of caution again, with the average trading value per session decreasing by more than 15% compared to the previous period, down to about VND28,000 billion, despite the Fed cutting interest rates by 25 points at the September policy meeting after a long period of continuous interest rate stagnation.
The rapid and unpredictable developments of the stock market since the beginning of the year and in recent trading sessions have made the investor community worried about the market outlook for the end of 2025, as well as in the coming year.
In the coming period, the market will receive many important information related to GSO's September 2025 socio-economic report and FTSE Russell's market review report.
Many experts believe that the VN-Index will continue to move sideways within a wide range of 1,600 - 1,700 points with liquidity at a low level. According to the assessment, in the past 2-3 weeks, the index has slowed down but has not really adjusted, because after increasing by more than 30% since the beginning of the year, the new VN-Index is decreasing by about 3-4%.
While with such an increase, a 15% adjustment is normal. Current developments only show the cautious sentiment of investors in the face of many important news. With many positive factors, investors can expect stronger increases in the next 6 months.
In addition, it is also expected that the decrease in net sales by foreign investors in October will also be a driving force for the market, which is the time when foreign investors have also completed their investment period in the third quarter of 2025.
Stocks with a positive outlook for Q3/2025 business results and large-cap stocks expected to benefit from the upgrade event are likely to be noticed by the market in the coming period.
Investors' attention in October is assessed by investors to focus on the BCTC announcement season for the third quarter of 2025. After the information gap period, the market will need new motivations for investors' cash flow to return after the accumulation adjustment period.
In the upcoming BTCTC season, industry groups with positive profit growth prospects will be the destination for investors. In particular, some industry groups with positive business results include Banking, Securities, Construction Materials (steel, construction stone, sugar asphalt), Retail.
For banking and securities stocks, although there will be positive Q3 business results, many stocks have had strong price increases before, reflecting market expectations. After the recent adjustment period, investors can be interested in stocks in this group that have adjusted to a reasonable valuation zone and accumulated again at the price base to expect a return of cash flow.
For stocks in the field of Construction Materials (steel, construction stone, road asphalt), the prospect of positive business results in the third quarter of 2025 and the expectation of boosting public investment disbursement in the last months of the year will be the driving force for stocks to continue to increase in price.
The retail industry will also be noticed in the Q3/2025 financial statements and the last months of the year because of the positive profit prospects of businesses along with clear signs of recovery in consumer retail.
