Last week, the VN-Index dropped by 21.59 points to close at 1,639.11. Trading liquidity continued to decline sharply, with the total market trading value reaching VND 127,995 billion. Similarly, the HNX-Index ended the week at 265.75 points, down 10.31 points from the previous week. Liquidity on the HNX also plummeted, with the total weekly trading value at VND 9,666 billion.
On the HoSE, foreign investors net-sold for five consecutive sessions, offloading 209.5 million units with a net value of nearly VND 7,282 billion. On the HNX, foreign investors net-sold 10.94 million units, valued at over VND 274 billion.
On the Upcom market, foreign investors also net-sold for five straight sessions, with 1.66 million units and a net value of over VND 54 billion. Overall, during the trading week from September 29 to October 3, foreign investors net-sold 222.1 million units across the market, totaling over VND 7,610 billion.
Billions Added
Shareholders of PetroVietnam Power Corporation (PV Power – stock code: POW) have approved a capital increase and charter amendment. The plan raises the charter capital from VND 23,418 billion to over VND 30,678 billion, funding the Nhon Trach 3 and Nhon Trach 4 power plant projects.
PV Power increases charter capital from VND 23,418 billion to over VND 30,678 billion.
The capital increase will be executed through three methods. First, a rights issue of over 281 million shares to existing shareholders at a 12% ratio, expected to raise approximately VND 2,810 billion.
Second, issuing over 351 million shares from equity at a 15% ratio, valued at over VND 3,512 billion, using the development fund from the 2024 financial report. Lastly, issuing over 93.6 million shares as dividends at a 4% ratio, valued at around VND 936 billion, sourced from 2024’s undistributed after-tax profits.
On October 31, The Century Textile Joint Stock Company (stock code: STK) finalized its shareholder list for a 2024 stock dividend. STK will issue nearly 43.5 million shares at a 100:45 ratio, meaning shareholders receive 45 new shares for every 100 held.
The total issuance value, at par, is nearly VND 435 billion, funded by 2024’s undistributed after-tax profits as per the 2024 standalone financial report.
Post-issuance, STK’s outstanding shares will rise from over 96.6 million to over 140.1 million, increasing charter capital from nearly VND 966.4 billion to over VND 1,401.2 billion.
HAH implements an ESOP issuance of 2,499,000 shares.
Hai An Transport and Services Corporation (stock code: HAH) approved an ESOP issuance of 2,499,000 shares at VND 10,000 per share.
Approximately 610 employees will participate, including senior leaders: Chairman Vu Thanh Hai (80,000 shares), Senior Advisor Vu Ngoc Son (64,000 shares), Executive Board Member Nguyen Ngoc Tuan (60,000 shares), and Non-Executive Board Member Tran Thi Hai Yen (37,400 shares).
VNECO Gains Major Shareholder
Investor Nguyen Hong Tan became a major shareholder of Vietnam Electrical Construction Joint Stock Corporation (VNECO – stock code: VNE) after acquiring 150,000 VNE shares. His holdings now total 4.15 million shares, or 5.05% of charter capital.
Conversely, from September 23 to October 23, VNE Deputy General Director Pham Huu Minh Huy sold 150,000 VNE shares to address personal financial needs. Post-transaction, Huy’s holdings dropped to 48,811 shares.
Investor Nguyen Hong Tan becomes a major shareholder of VNECO.
Notably, the Ho Chi Minh City Stock Exchange (HoSE) warned that VNE shares risk delisting due to an audit disclaimer in the 2025 semi-annual consolidated financial report, citing issues like receivables, payables, and investment valuations.
DC Developing Markets Strategies Public Limited Company, a Dragon Capital fund, acquired 1 million TCH shares of Hoang Huy Financial Investment Services, raising its group ownership to 5.05% (nearly 43.9 million shares) and becoming a major shareholder. The purchase cost approximately VND 23 billion.
Expert Insights: Market Holds Breath for Upgrade News as VN-Index Poised to Enter New Phase of Volatility
Pinetree experts anticipate a high likelihood of Vietnam’s stock market being upgraded. However, even in this scenario, the VN-Index will only surge and break records when capital inflows return.
Why Investors Must Stay Patient Despite Continuous Stock Market Erosion
Contrary to the anticipated positive market upgrades, stock investors are grappling with the dilemma of whether to cut their losses or hold onto their shares.
Weathering the Storm of Sell-Offs: What Does the Market Need to Turn the Tide?
Following a robust surge that brought it close to the 1,700-point mark, the VN-Index entered a consolidation phase, closing September at 1,661.7 points. While many analysts deem this adjustment healthy, the persistent net selling by foreign investors has sparked anxiety among a significant number of market participants.
Market Pulse 06/10: Financial Stocks Soar, VN-Index Hits 1,680 Mark
The green hue dominated the market throughout the morning session. As the midday break approached, the VN-Index surged by over 33 points (+2.02%), reaching 1,679.1 points, while the HNX-Index also saw a robust increase of 2.54%, closing at 272.51 points. Market breadth strongly favored buyers, with 502 stocks advancing and only 168 declining.
Technical Analysis Afternoon Session 06/10: Positivity is Making a Comeback
The VN-Index staged a robust recovery, with the Stochastic Oscillator signaling a buy opportunity. Meanwhile, the HNX-Index found solid support at its August 2025 lows.
