Following a low-volume rally in the early part of the month, the stock market opened the October 2nd session in positive territory. Selling pressure intensified near resistance levels, escalating further in the afternoon session. At the close, the VN-Index fell by 12.34 points (-0.74%) to 1,652.71, continuing to face resistance around the 1,680 mark. Foreign trading activity was a notable drag, with net selling reaching 2,399 billion VND across the market.
Securities firms’ proprietary trading desks recorded net buying of 343 billion VND on HOSE.
Specifically, VHM and MBB saw net purchases of 104 billion VND and 59 billion VND, respectively. They were followed by SHB (51 billion), MWG (39 billion), VPB (22 billion), CTG (20 billion), TCB (17 billion), HPG (17 billion), GEX (16 billion), and STB (14 billion VND), all of which were actively bought by proprietary trading desks.
Conversely, VSC led the sell-off with a net outflow of -37 billion VND, followed by LPB (-22 billion), VRE (-21 billion), VIC (-16 billion), and VNM (-10 billion VND). Other stocks with significant net selling included PDR (-5 billion), PVT (-4 billion), VCB (-4 billion), VIB (-4 billion), and NVL (-3 billion VND).
Vietstock Daily 03/10/2025: Sluggish Trading Sparks Investor Impatience?
The VN-Index tumbled towards the end of the session, slicing through the Bollinger Bands’ Middle line. This movement reflects a resurgence of bearish sentiment as buying momentum remains subdued. Meanwhile, the Stochastic Oscillator has reissued a sell signal, while the MACD continues to weaken. The August 2025 low (around 1,600-1,630 points) is expected to provide support for the index should selling pressure intensify further.
Market Pulse 03/10: A Feeble Recovery Attempt
No significant recovery efforts emerged by the end of the morning session. At the midday break, the VN-Index fell over 10 points (-0.63%), closing at 1,642.32 points, while the HNX-Index dropped to 266.24 points, down 1.23%. Declining stocks dominated, with 538 losers and only 165 gainers.
Steel Industry Shareholders Profit, But Celebrations on Hold
Following the sharp decline in April 2025 due to tariff shocks, many steel stocks have successfully formed a V-shaped recovery. However, compared to the broader market’s upward momentum, the sector still appears sluggish, as all steel stocks underperformed the VN-Index. This reflects investors’ lingering caution toward the industry.
Which Stocks Typically Surge in the First Month of Q4?
As September drew to a close with a series of fluctuating market movements, the VN-Index entered October amid heightened uncertainty. Historically, this month has often seen more stocks declining than advancing, adding to investor apprehensions about the market’s trajectory.
Afternoon Technical Analysis, October 2: Cautious Sentiment Persists
The sideways accumulation phase of the VN-Index is likely to persist in the near term, awaiting liquidity improvement signals. Meanwhile, the HNX-Index continues to test the lower boundary of its Triangle pattern.
