The market recovery faced resistance as selling pressure intensified among large-cap stocks during the morning session. After the lunch break, the benchmark index extended its decline, with the VN-Index dropping as much as 34 points to 1,630 points. However, a surge in buying interest triggered a remarkable rebound of over 50 points, closing the session with a gain of more than 15 points.
Within the VN30 basket, GAS emerged as a standout performer, rallying over 5% and significantly contributing to the index’s recovery. FPT and GVR followed suit with gains exceeding 4%, while PLX and DGC also joined the positive trend, rising by 2-3%.
Multiple stock groups are on a recovery trajectory.
The “Vin group” stocks also exhibited clear signs of recovery: VHM rose nearly 2%, VRE inched up by 0.5%, and VIC, though still in the red, saw its decline narrow to a marginal 0.2%.
Conversely, selling pressure weighed heavily on SHB, causing it to drop over 2%. Other stocks like SSB, VNM, STB, SSI, HPG, and TPB also experienced slight adjustments, reflecting investor caution following the recent volatility.
The banking sector’s performance was mixed today. Notable gainers included PGB, leading with a nearly 7% increase, followed by ABB (+5.6%), BVB (+3.1%), OCB (+2.4%), LPB (+1.8%), and CTG (+1.1%). On the downside, selling pressure persisted in SSB, EIB, VBB, SHB, and VAB, resulting in declines of 1-2%. Major banking stocks have yet to reclaim their leadership role.
The real estate sector outperformed the broader market. CEO continued to attract attention with a ceiling-hitting session, reaching 31,400 VND per share, while L14 surged nearly 10%, indicating a return of speculative capital to this group. TCH, PDR, HPX, and HDC all rose between 3-5%, reinforcing the overall recovery trend.
Beyond speculative stocks, mid-cap shares such as DIG, DXG, HDG, DXS, and NLG maintained steady gains of around 2-3%, reflecting a positive sentiment across the sector.
At the close of the October 22nd session, the VN-Index gained 15.07 points (0.91%) to 1,678.5 points. The HNX-Index rose 4.04 points (1.53%) to 268.69 points, and the UPCoM-Index increased by 0.36 points (0.33%) to 109.82 points.
Liquidity picked up towards the end of the session, but overall trading value remained significantly lower compared to the previous day. The HoSE recorded a trading value of 29,298 billion VND, a decline of over 20% from the prior session.
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Proprietary trading firms net sold VND 177 billion on the Ho Chi Minh Stock Exchange (HOSE).
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The Vietnamese stock market is currently experiencing a pullback after reaching an all-time high of nearly 1,800 points last week. Despite this, even stocks that consistently broke price records are now inflicting significant “damage,” leaving many investors facing losses or reduced profits.
Technical Analysis Afternoon Session 23/10: Preparing to Test the Middle Bollinger Band
The VN-Index continues its positive momentum, edging closer to the Middle line of the Bollinger Bands, setting the stage for a crucial short-term test. Meanwhile, the HNX-Index remains in a tug-of-war, hovering in a sideways pattern.
Vietstock Daily 24/10/2025: Cautious Sentiment Persists
The VN-Index extended its recovery streak to a third consecutive session, yet it remains below the Middle line of the Bollinger Bands, setting up a critical short-term test for the index. Trading volume continued to decline, falling below the 20-session average, indicating investors remain cautious amid the current rebound. The August 2025 low (around 1,605–1,630 points) is expected to serve as strong support should selling pressure resume in the near term.
Bank Shifts Hiring Strategy Following Layoff of Nearly 3,000 Employees
After four consecutive quarters of workforce reductions, this bank has embarked on a robust hiring spree, onboarding over 200 new employees in Q3 2025.
