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<\/td>\n<\/tr>\n<\/td>\n<\/tr>\nH\u00c0 N\u1ed8I \u2014 The Vietnamese stock market experienced a week of cautious trading, reflecting investor hesitation amid macroeconomic pressures and internal challenges.<\/p>\n
With liquidity tightening and foreign investors continuing to sell off, making prudent investment decisions has become increasingly crucial.<\/p>\n
Following a week of declines, where the market faced selling pressure around the old resistance level of 1,700 points, the VN-Index fluctuated within a narrow range, exhibiting clear signs of consolidation.<\/p>\n
Phan T\u1ea5n Nh\u1eadt, head of analysis at Saigon-Hanoi Securities (SHS), noted that early in the week, the index faced downward pressure, dipping to around 1,620 points before a slight recovery. However, the market\u2019s high level of sector divergence and low liquidity persisted.<\/p>\n
By the end of the week, the VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed at 1,660.70 points, remaining above the significant psychological support level of 1,600 points.<\/p>\n
The HNX-Index on the Hanoi Stock Exchange (HNX) was last traded at 276.06 points.<\/p>\n
For the week, the VN-Index gained 0.13 per cent while the HNX-Index rose slightly by 0.07 per cent.<\/p>\n
The market tendency was correction and accumulation. Positive movements were observed in sectors such as construction, along with recoveries in insurance, oil and gas and industrial parks.<\/p>\n
Conversely, key sectors including technology, steel, retail, ports, real estate, securities and fertilisers faced significant downward pressure.<\/p>\n
This divergence reflected investor caution amid a lack of clear opportunities and the approaching end of the third quarter (Q3), which brings NAV (net asset value) adjustments for funds and year-end credit evaluations.<\/p>\n
One of the most notable trends this week was the decline in market liquidity for the second consecutive week.<\/p>\n
Trading volume on HoSE fell by 9.9 per cent from the previous week, averaging 910 million shares per session, significantly lower than the August average of 1.67 billion shares.<\/p>\n
The weak capital flow indicates a cautious stance from both buyers and sellers.<\/p>\n
Moreover, foreign investors continued their net-selling trend, marking the tenth consecutive week of outflows. During the week, the net selling value on HoSE reached nearly VN\u01107.4 trillion (US$278.5 million), bringing the total net sell-off for the year to over VN\u011096.5 trillion, surpassing last year\u2019s total.<\/p>\n
This withdrawal of capital exerts substantial pressure on market sentiment and overall performance.<\/p>\n
Nh\u1eadt from SHS said that the short-term trend for the VN-Index was currently one of accumulation, with less favourable conditions below the resistance level around 1,665 points, corresponding to the 20-day average price.<\/p>\n
Many stocks that peaked in late August were undergoing adjustments and accumulation, striving to overcome short-term downward trends.<\/p>\n
He cautioned that most stocks would attempt to recover toward previous highs and might face renewed selling pressure.<\/p>\n
The VN-Index was expected to test the price range around 1,680 points, similar to levels seen in early September. The market would remain volatile within a narrow band following a prolonged price increase, he added.<\/p>\n
In the longer term, Nh\u1eadt believes the VN-Index is in a consolidation phase after a significant upward surge, surpassing historical highs from 2022.<\/p>\n
“To improve the VN-Index, new growth catalysts are essential, grounded in fundamental valuations, growth prospects for the end of the year and cautious evaluations based on anticipated Q3 earnings,” he said.<\/p>\n
Given current market conditions, many stocks that had adjusted over the past month were now at relatively reasonable price levels.<\/p>\n
Investors might consider accumulating shares in anticipation of strong Q3 and year-end earnings. However, supply pressure might increase, with many stocks facing short-term selling as they approach previous highs.<\/p>\n
As a result, investors could increase their purchases as the VN-Index approaches the 1,680\u20131,700 point range, Nh\u1eadt said. \u2014 BIZHUB\/VNS<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the trading floor of Saigon – Hanoi Securities. \u2014Photo vietnamplus.vn H\u00c0 N\u1ed8I \u2014 The Vietnamese…\n","protected":false},"author":2,"featured_media":459109,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[68155,68144,68184,68186,51,9680,68168,68152,68151,1700,68176,68173,68170,68136,68132,728,68180,68156,68135,1429,18753,2441,68140,68147,68167,68150,68165,68178,68138,68166,68157,68154,68185,68153,285,4678,79,68137,68181,68187,68134,68163,68159,68141,68146,68172,68179,68139,68171,16,15,68175,68183,68177,68164,68174,68149,68145,68182,61019,68143,27791,68189,68160,68188,68161,38517,68169,68148,68142,68162,68133,68158,56426],"class_list":{"0":"post-459108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bao-online","9":"tag-bao-vietnam","10":"tag-bao-vn-net","11":"tag-baovietnam","12":"tag-business","13":"tag-current-news","14":"tag-current-news-headlines","15":"tag-daily-nation-newspaper-headlines","16":"tag-daily-nation-today","17":"tag-economy","18":"tag-english-daily","19":"tag-english-news-headlines","20":"tag-english-news-papers","21":"tag-english-newspapers","22":"tag-english-through-the-news","23":"tag-environment","24":"tag-govt-news","25":"tag-headlines-news","26":"tag-latest-news-today","27":"tag-life","28":"tag-magazine","29":"tag-markets","30":"tag-nation-news-paper","31":"tag-national-news-headlines","32":"tag-national-news-in-english","33":"tag-news-headline","34":"tag-news-headlines-for-today","35":"tag-news-highlights","36":"tag-news-latest","37":"tag-news-paper-online","38":"tag-news-site","39":"tag-news-website","40":"tag-news-vn","41":"tag-newspaper-headlines-today","42":"tag-politics","43":"tag-society","44":"tag-sports","45":"tag-the-vietnam-war","46":"tag-the-vietnam-war-summary","47":"tag-thongtanxavietnam","48":"tag-tin-viet-nam","49":"tag-tin-viet-nam-net","50":"tag-tin-vietnam","51":"tag-today-breaking-news","52":"tag-today-headlines","53":"tag-today-hot-news","54":"tag-today-international-news","55":"tag-today-news-headlines","56":"tag-top-news-headlines","57":"tag-uk","58":"tag-united-kingdom","59":"tag-up-to-the-minute-news","60":"tag-viet-nam","61":"tag-viet-news","62":"tag-viet-to-english","63":"tag-vietnam-conflict","64":"tag-vietnam-culture","65":"tag-vietnam-economy","66":"tag-vietnam-exports","67":"tag-vietnam-government","68":"tag-vietnam-history","69":"tag-vietnam-news","70":"tag-vietnam-news-agency","71":"tag-vietnam-people","72":"tag-vietnam-plus","73":"tag-vietnam-today","74":"tag-vietnam-war","75":"tag-vietnam-war-history","76":"tag-vietnam-war-summary","77":"tag-vietnamese-culture","78":"tag-vietnamese-news","79":"tag-vietnamese-to-english","80":"tag-war-in-vietnam","81":"tag-your-say"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/459108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=459108"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/459108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/459109"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=459108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=459108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=459108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}