Following a near 50-point surge on October 6th, Vietnam’s stock market resumed a cautious stance on the morning of October 7th, as investors awaited FTSE Russell’s imminent decision on upgrading the country’s market status, expected within hours.
Investor Caution Prevails
During the October 7th morning session, initial excitement faded quickly after a brief rally. The VN-Index briefly surpassed 1,700 points before retreating as investors locked in profits, wary of a potential market reversal.
The morning session closed with mild volatility, dominated by red across sectors. The VN-Index dipped slightly below 1,694.9 points, despite robust liquidity exceeding VND 12 trillion. This indicates sustained investor interest, albeit tempered by caution following last week’s technical rebound.
The VN30 basket showed mixed performance, gaining 2.27 points, supported by blue-chips like VRE, MWG, FPT, and HPG. VRE led with a 3% surge, buoying real estate, while MWG and HPG rose 2%. Conversely, banking stocks (VCB, CTG, BID, TCB) saw minor declines, limiting overall gains.
Afternoon trading on October 7th is expected to remain range-bound, with investors awaiting clearer signals from market leaders.
Online forums reveal investor hesitation. “While most predict an upgrade, I’ll await the official announcement and market reaction before committing further,” said Nhat Truong, a Ho Chi Minh City investor.
New historical peak of 1,713 points reached in the morning session.
Upgrade Scenarios
VPS Securities highlights the October 6th session’s strong liquidity, driven by large-caps and the VN30 basket. The index is poised to resume its uptrend, targeting 1,720–1,740, with 1,800 possible if liquidity holds.
Key question: Will an upgrade trigger a sustained rally or merely a short-term psychological boost?
Le Tran Khang of Phu Hung Securities notes, “The upgrade acts as a catalyst, not a trend driver. Despite recent foreign outflows, domestic absorption remains strong, reflecting local confidence. An upgrade could reverse foreign flows, easing market pressure.”
Market volatility intensifies in today’s morning session.
Rong Viet Securities (VDSC) emphasizes Q3/2025 earnings as the primary pricing driver. Listed profits are projected to rise 22% YoY, surpassing earlier 15% estimates. “The upgrade likely bolsters sentiment rather than intrinsic value,” VDSC analysts state.
Khang advises focusing on fundamentally strong, sector-leading firms, especially those attracting foreign capital post-upgrade. “Key sectors include securities, banking, and large-caps. Infrastructure and policy-benefiting stocks also warrant attention,” he adds.
Stock Market Update October 7: VN-Index Surges Strongly – What Should Investors Do Next?
On October 6th, the HoSE market saw a remarkable surge with 22 stocks hitting their upper price limit. What strategic moves should investors consider for the trading session on October 7th?
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