Market Overview Before the Session
The morning session on October 8 will likely open cautiously, as the retail sector is under negative pressure from the sharp decline in PNJ and the net selling by foreign investors. This backdrop could create a psychological spillover to some stocks in the same group, while overall market breadth remains mixed.
The VN-Index currently stands at 1,753.4 points, down 0.3%. This movement suggests the market is still holding at elevated levels, but room for a breakout early in the session is not yet clear if buying demand does not improve.
Notable Movements in the Indices
| Index | Value | Change |
|---|---|---|
| VNINDEX | 1,753.4 | -0.3% |
| HNXINDEX | 259.8 | -2.2% |
| UPCOMINDEX | 125.2 | 0.0% |
The nearby support zone for VNINDEX lies around 1,745-1,750 points, while 1,760-1,765 points is the short-term resistance level that needs to be overcome to improve the technical outlook. If this zone is not conquered, the likelihood of volatility within the session remains high.
Notable Stocks on HOSE
Strong Gainers
- CRE: +7.0%
- YEG: +7.0%
- VOS: +7.0%
Strong Decliners
- HAS: -6.9%
- VCA: -6.9%
- DRH: -6.9%
The gaining stocks show that money flow is still seeking out individual tickers with positive momentum, but the correction pressure on the sharply declining stocks is a reminder that broad market consensus has not yet been reached.
Liquidity and Technical Signals
| Ticker | Volume |
|---|---|
| PNJ | 51.8M |
| SHB | 29.1M |
| NVL | 27.8M |
On the technical front, CMF scored 85.4, SJG scored 83.6, and VLB scored 80.2. These are the three tickers with the highest composite scores in the data provided, indicating that the technical trend remains fairly positive for certain individual stocks.
HNX and UPCOM
On HNX, HGM and KSV both rose 10.0%. On UPCOM, PCC and VXT both rose 14.9%. However, the decline in HNXINDEX shows that positive momentum has not spread evenly across the exchanges.
Outlook Before the Session
The most likely scenario for the morning session is a mixed market, with money flow favoring sectors that show strong trend signals and avoiding broad-based buying. Investors will need to watch how the index reacts around the 1,745-1,750 point support zone, while also monitoring the 1,760-1,765 point resistance to assess the potential for a broader rebound.
In the current context, any early-session rebounds are more likely to be technical than trend-driven. Overall sentiment remains cautious until breadth improves more clearly.