The stock market continued to maintain a slight increase with green dominating the electronic board in today's session, October 29. However, cautious cash flow makes it difficult for the market to increase sharply. VN-Index continued to fluctuate during the session with interspersed increases and decreases. The main index had a time to increase by more than 20 points before narrowing the increase at the end of the afternoon session.
At the end of the trading session, the VN-Index increased by 5.33 points, to 1,685.83 points. Market liquidity decreased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 823 million shares, equivalent to a value of more than VND 23,400 billion.
In terms of impact, VCB, BID, VJC and HDB are the stocks that have the most positive impact on the VN-Index with an increase of 4.5 points. On the other hand, VIC, VHM, VRE and HVN are the stocks that are still under selling pressure and take away more than 10.5 points.
Regarding foreign transactions, after a positive net buying session, foreign investors returned to strong net selling VND 1,562 billion in the entire market today. On HoSE, foreign investors net sold approximately VND1,491 billion.
After buying, HDB and FPT stocks were the strongest "gom" foreign investors in the whole market with values of 167 billion and 117 billion VND respectively. In contrast, foreign investors "disbursed" the strongest in the pair of ACB and MBB banking stocks with a total value of up to VND929 billion.
Looking back at the market situation, after a sharp decline on October 20, the VN-Index has had consecutive recovery sessions, the general technical trend of the market has returned to the uptrend in the medium term. However, many stocks and groups of stocks continue to decline in the context of increasingly declining market liquidity, making it difficult for the market to break out.
Assessing the market's prospects in the short term, experts from Asean sc sc scoring Securities Company said that the market is receiving more support from recent positive information. The trend of the FED lowering interest rates and the general statement about the Comprehensive Trade Agreement between the US and Vietnam can create a supportive effect for market sentiment in the short term.
However, the FED's interest rate cut (total of 0.75% this year) is something that has been predicted since the September meeting of this organization, while the US said it will adjust counterpart taxes on many export items from Vietnam to 0%. However, this is still a constant and the tax rate applied to most items is currently 20%.
Experts from Asean scoring positive outlook for Vietnam's stock market in late 2025 and early 2026, with the main driving force coming from loose macro policies (falance easing and monetary easing) being maintained. In addition, the prospects for profit growth of listed companies along with market valuation are still attractive compared to other money pumping cycles in the past.
short-term fluctuations are an opportunity for investors to restructure their portfolios and seek optimal opening points. After the current period of fluctuations, the VN-Index will return to the uptrend with the first target zone by the end of 2025 around the threshold of 1,800 points," said an expert from Asean sc scoring.
