After a sharp decline yesterday, Vietnam’s stock market rebounded in today’s trading session (October 21). At the close, the VN-Index rose by 27 points (1.65%) to 1,663 points; the HNX-Index gained 1.63 points (0.62%) to reach 264.65 points; while the UPCoM-Index fell by 0.85 points, or 0.77%, to 109.46 points.
In the banking sector, 16 out of 27 stocks ended the session in positive territory. Notably, HDBank’s HDB stock surged to its ceiling price of 32,350 VND, recovering nearly all of yesterday’s losses, with matched trading volume exceeding 24 million units.
HDB’s rebound comes as analysts continue to praise HDBank’s business prospects. In a recent report, Yuanta Vietnam highlighted that the potential sale of shares to foreign investors by raising the foreign ownership cap to 49% could serve as a strong catalyst for HDB’s stock price in the short term. Additionally, the brokerage firm expects HDBank to receive a higher-than-industry-average credit growth quota for 2025 and a 50% reduction in the reserve requirement ratio for banks involved in restructuring weak institutions.
Source: SSI
In today’s session, SeABank’s SSB stock also jumped 6.6% to 18,550 VND per share, with matched trading volume surpassing 3.5 million shares. SSB’s rally was significantly supported by foreign investors, who net-bought over 927,000 shares.
Bottom-fishing demand also lifted several banking stocks by 2-3%, including OCB (+3.8%), LPB (+3.2%), NAB (+2.5%), CTG (+2.2%), and VPB (+2%).
Conversely, KLB and ABB were the biggest decliners among banking stocks, losing 3.5% and 3.1%, respectively. Several UPCoM-listed stocks also closed in the red, such as BVB, PGB, and VBB. Notably, two industry heavyweights, VCB (-0.17%) and TCB (-0.53%), also ended the day lower.
Earlier, the market experienced a shock on October 20, with the VN-Index plunging nearly 95 points—a record decline. The banking sector was also battered, as 25 out of 27 stocks fell, with 10 hitting their lower limit.
This downturn caught investors off guard, especially given the index’s recent streak of reaching new highs.
Market Pulse 22/10: Spectacular Recovery as VN-Index Rebounds to Close at 1,678 Points
At the close of trading, the VN-Index surged by 15.07 points (+0.91%), reaching 1,678.5 points, while the HNX-Index climbed 4.04 points (+1.53%) to 268.69 points. Market breadth favored the bulls, with 448 advancing stocks outpacing 237 decliners. Similarly, the VN30 basket saw a dominant green trend, with 21 gainers, 8 losers, and 1 unchanged stock.
Vietstock Daily 23/10/2025: Intense Tug-of-War in the Market
The VN-Index has formed a Dragonfly Doji candlestick pattern, accompanied by trading volume dipping below the 20-session average. The 1,605–1,630 point range remains a critical support level that must hold to reinforce short-term recovery expectations.
Technical Analysis for the Afternoon Session of October 22: Intense Tug-of-War
The VN-Index opened on a positive note but soon entered a corrective phase. The author anticipates that the August 2025 support level will be tested once again. Meanwhile, the HNX-Index remains anchored to the Lower Band of the Bollinger Bands.
Vietjet Shares Surge Near Limit Up After Market’s Record Slump, Adding Over $86 Million to Billionaire Nguyen Thi Phuong Thao’s Fortune
Alongside her stake in VJC, billionaire Nguyen Thi Phuong Thao holds shares in HDBank (HDB). Currently, HDB shares are trading at 30,950 VND per share, marking a 2.3% increase.
Foreign Investors Pour Nearly VND 2.5 Trillion into Vietnamese Stocks on October 21, with FPT in the Spotlight
In the afternoon trading session, FPT shares witnessed the most significant net inflow from foreign investors across the entire market, with a remarkable surge in value reaching 529 billion VND.
