I. MARKET ANALYSIS OF THE UNDERLYING STOCK MARKET ON NOVEMBER 11, 2025
– Major indices rebounded in green during the November 11 trading session. Specifically, the VN-Index rose by 0.83%, reaching 1,593.61 points, while the HNX-Index also increased by 1.12%, closing at 261.08 points.
– Trading volume on the HOSE continued to decline by 9.2%, totaling 596 million units. The HNX recorded only 54 million matched units, a 25.9% drop compared to the previous session.
– Foreign investors significantly reduced net selling, with a net sell of nearly 75 billion VND on the HOSE, and returned to net buying over 16 billion VND on the HNX.
Foreign Investors’ Trading Value on HOSE, HNX, and UPCOM by Date. Unit: Billion VND
Net Trading Value by Stock Code. Unit: Billion VND
– The VN-Index rebounded on November 11 after three consecutive sessions of sharp declines. Liquidity remained low, indicating cautious investor sentiment, while high-priced supply pressure was not fully resolved. Despite widespread green, the index faced significant resistance near the 1,600-point mark, closing at 1,593.61 points, up over 13 points from the previous session.
– The top 10 most positive stocks contributed over 10 points to the VN-Index. Leading the pack were VHM and VIC, adding 2.96 and 1.77 points, respectively. Conversely, HVN and LPB had the most significant negative impact, subtracting 1.4 points from the index.
Top Impactful Stocks on the Index. Unit: Points
– The VN30-Index gained 17.42 points (+0.97%), closing at 1,821.6 points. The market breadth favored buyers, with 20 gainers, 8 losers, and 2 unchanged stocks. VRE led with a 4.2% surge, followed by SSI, VHM, SHB, and VNM, all rebounding over 3%. Conversely, LPB and SSB faced significant selling pressure, dropping 1.7% and 1.5%, respectively.
Among sectors, essential consumer goods topped the market with a 1.88% gain, driven by MCH (+2.49%), VNM (+3.33%), MSN (+2.89%), SAB (+1.74%), HAG (+2.85%), KDC (+1.36%), VHC (+1.43%), and BAF (+1.57%).
Real estate and financial stocks also rebounded strongly, including VIC (+1.01%), VHM (+3.57%), VRE (+4.19%), CEO (+4.26%), DXG (+3.01%), DIG (+2.54%), IDC (+4.26%), VIX (+4.06%), SHB (+3.27%), SSI (+3.72%), STB (+2.37%), SHS (+3.74%), VCI (+2.51%), and TPB (+2.42%).
Meanwhile, the communication services sector lagged with a 4.17% decline, primarily due to VGI (-5.21%), FOX (-1.47%), VNZ (-2.89%), YEG (-1.26%), and ICT (-3.91%).
The VN-Index rebounded, but trading volume fell below the 20-day average, reflecting cautious investor sentiment after the recent sharp declines. The Stochastic Oscillator remains weak in the oversold region. A resurgence in buying signals in upcoming sessions could improve recovery prospects.
II. PRICE TREND AND VOLATILITY ANALYSIS
VN-Index – Technical Recovery After Sharp Declines
The VN-Index rebounded, but trading volume fell below the 20-day average, indicating persistent investor caution. The Stochastic Oscillator remains weak in the oversold region. A resurgence in buying signals in upcoming sessions could improve recovery prospects.
The August 2025 low (equivalent to the 1,605-1,630 point range) has been breached and will now act as strong short-term resistance.
HNX-Index – Deeply Declining Trading Volume
The HNX-Index halted its decline, forming a Big White Candle pattern. However, trading volume continued to plummet, reaching its lowest level in over six months. The recovery is unlikely to sustain without improved liquidity in upcoming sessions.
Capital Flow Analysis
Smart Money Movement: The Negative Volume Index of the VN-Index crossed above the 20-day EMA. If this trend continues in the next session, the risk of a sudden thrust down will be mitigated.
Foreign Capital Movement: Foreign investors continued net selling on November 11, 2025. If this trend persists in upcoming sessions, the outlook will become increasingly pessimistic.
III. MARKET STATISTICS ON NOVEMBER 11, 2025
Economic & Market Strategy Analysis Department, Vietstock Consulting Division
– 17:15 November 11, 2025
Stocks to Go Public 3-6 Times Faster Than Ever Before
Following an IPO, businesses now require just 30 days to complete financial report audits and officially list on the stock exchange, a dramatic reduction from the previous 3-6 month timeframe.
Market Pressures Mount: What Lies Ahead for Stocks Next Week?
Last week, the VN-Index fell below the 1,600-point mark amid mounting pressure from a strengthening USD/VND exchange rate and heavy net selling by foreign investors. Despite positive macroeconomic data and third-quarter corporate earnings, analysts predict that the stock market may shift toward a consolidation phase next week, testing the support range of 1,550–1,580 points in the short term.
Vietstock Weekly 10-14/11/2025: Seeking New Foundations?
The VN-Index extended its losing streak into the fourth consecutive week, underscoring a pronounced weakening trend in the market. Trading volumes remained below the 20-week average, indicating persistent caution among investors. The index is now retreating to test the Middle Band of the Bollinger Bands, as both the Stochastic Oscillator and MACD continue to weaken following earlier sell signals.
Technical Analysis Afternoon Session 10/11: August 2025’s Previous Bottom Fully Breached
The VN-Index has extended its short-term correction, decisively breaching the previous August 2025 low (equivalent to the 1,605–1,630 point range). Meanwhile, the HNX-Index is trending downward, now approaching the Lower Band of its Bollinger Bands.
Deputy Finance Minister Discusses Capital Market and Securities Development
“By 2026, we anticipate robust growth in both the bond and stock markets, effectively meeting the capital mobilization objectives of market participants,” stated Deputy Minister of Finance Nguyễn Đức Chi.
