I. FUTURE CONTRACTS OF THE STOCK MARKET INDEX
I.1. Market Trends
Most VN30 futures contracts declined during the trading session on November 6, 2025. Specifically, 41I1FB000 (I1FB000) dropped by 1.03% to 1,866.5 points; VN30F2512 (F2512) fell by 0.96% to 1,866 points; contract 41I1G3000 (G3000) decreased by 0.95% to 1,865 points; and contract 41I1G6000 (I1G6000) rose by 0.15% to 1,883.5 points. The underlying index, VN30-Index, closed at 1,869.6 points.
Additionally, most VN100 futures contracts also declined during the November 6, 2025 session. Notably, 41I2FB000 (I2FB000) fell by 0.88% to 1,790.4 points; 41I2FC000 (I2FC000) dropped by 0.45% to 1,789.9 points; contract 41I2G3000 (I2G3000) increased by 0.07% to 1,792 points; and contract 41I2G6000 (I2G6000) declined by 0.78% to 1,774.5 points. The underlying index, VN100-Index, closed at 1,785.91 points.
During the November 6, 2025 session, the 41I1FB000 contract continued its downward trend from the previous session, with short sellers dominating and pushing the contract into a steep decline throughout the morning. In the afternoon session, despite two attempts to recover to the reference level, buyers lost momentum, allowing selling pressure to re-emerge toward the end of the session. This caused 41I1FB000 to reverse and close in negative territory, down 19.5 points.
Intraday Chart of 41I1FB000
Source: https://stockchart.vietstock.vn/
At the close, the basis of the 41I1FB000 contract widened compared to the previous session, reaching -3.1 points. This indicates a more pessimistic sentiment among investors.
Fluctuations of 41I1FB000 and VN30-Index
Source: VietstockFinance
Note: Basis is calculated using the formula: Basis = Futures Contract Price – VN30-Index
Trading volume and value in the derivatives market increased by 13.34% and 12.04%, respectively, compared to the November 5, 2025 session. Specifically, the trading volume of I1FB000 rose by 13.22%, with 326,879 contracts matched. The trading volume of I2FB000 reached 98 contracts, up 19.51%.
Foreign investors returned to net buying, with a total net buying volume of 320 contracts during the November 6, 2025 session.
Daily Trading Volume Fluctuations in the Derivatives Market. Unit: Contracts
Source: VietstockFinance
I.2. Futures Contract Valuation
Based on the fair pricing method as of the start of November 7, 2025, the fair price range for futures contracts currently trading in the market is as follows:
Summary Table of Derivatives Pricing for VN30-Index and VN100-Index
Source: VietstockFinance
Note: The opportunity cost in the pricing model has been adjusted to suit the Vietnamese market. Specifically, the risk-free rate (government treasury bills) has been replaced by the average deposit rate of major banks, with term adjustments appropriate for each futures contract.
I.3. Technical Analysis of VN30-Index
During the November 6, 2025 session, the VN30-Index continued to decline, with trading volume remaining below the 20-session average, indicating persistent cautious sentiment.
Currently, the index is below the Middle line of the Bollinger Bands, while the MACD indicator continues to decline and has crossed below the 0 level after giving a sell signal. This suggests that the short-term outlook remains unfavorable.
Technical Analysis Chart of VN30-Index
Source: VietstockUpdater
II. FUTURE CONTRACTS OF THE BOND MARKET
Based on the fair pricing method as of the start of November 7, 2025, the fair price range for futures contracts currently trading in the market is as follows:
Summary Table of Government Bond Futures Contract Pricing
Source: VietstockFinance
Note: The opportunity cost in the pricing model has been adjusted to suit the Vietnamese market. Specifically, the risk-free rate (government treasury bills) has been replaced by the average deposit rate of major banks, with term adjustments appropriate for each futures contract.
According to the above pricing, contracts GB05F2512, 41B5G3000, 41B5G6000, and 41BAG6000 are currently attractively priced. Investors may focus on and consider buying these futures contracts in the near future, as they present a favorable opportunity in the market.
Economic Analysis & Market Strategy Department, Vietstock Consulting Division
– 18:28 06/11/2025
Technical Analysis for the Afternoon Session of November 6th: Shifting Towards the August 2025 Lows
The VN-Index halted its upward momentum, unexpectedly correcting sharply toward its August 2025 lows (around 1,605–1,630 points). Meanwhile, the HNX-Index exhibited negative volatility, forming a Bearish Engulfing candlestick pattern.
Technical Analysis Afternoon Session 05/11: August 2025’s Previous Low Holds Strong
The VN-Index continues its upward trajectory, currently trading above its August 2025 low (equivalent to the 1,605-1,630 point range). Meanwhile, the HNX-Index exhibits positive momentum, forming a Long Lower Shadow pattern.
Derivatives Market Update 06/11/2025: Cautious Sentiment Emerges
On November 5, 2025, the VN30 and VN100 futures contracts moved in opposite directions. While the VN30-Index declined, it formed a small-bodied Doji candlestick pattern, accompanied by reduced trading volume below the 20-session average, indicating a cautious sentiment among investors.
Technical Analysis for the Afternoon Session of November 4th: Testing the August 2025 Lows Again
The VN-Index’s downward trajectory shows no signs of abating, plunging deeper into the August 2025 lows. Meanwhile, the HNX-Index continues its decline, clinging to the Lower Band of the Bollinger Bands.
Derivatives Market Update 05/11/2025: Mixed Signals Emerge
On November 4, 2025, both the VN30 and VN100 futures contracts surged during the trading session. The VN30-Index reversed its trend, climbing higher and forming a prominent Big White Candle pattern on the chart. This bullish signal was further reinforced by a notable increase in trading volume compared to the previous session, indicating a shift in investor sentiment from pessimism to cautious optimism.
