Market Overview Before the Trading Session
The market entered the November 2 session in a cautious mood after a sharp decline on Friday. The VN-Index closed at 1,741.6 points, down 0.8%, on trading volume of 573.6 million shares. The HNX-Index stood at 252.7 points, down 1.5%, while the UPCOM-Index stood at 123.7 points, down 0.3%.
Market data suggests that selling pressure is not confined to a single index. Weekend reports showed foreign investors were net sellers of nearly US$1 billion in October, while cash flow weakened, liquidity narrowed, and selling pressure spread widely.
Notable Stocks
Movements on HOSE
In the previous session, the strongest gainers provided were VSI, up 7.0%, SGN, up 6.9%, and KOS, up 6.8%. On the downside, HAS lost 7.0%, GIL fell 7.0%, and KSB dropped 6.9%.
In terms of trading volume on HOSE, KOS led with 75.7 million shares, followed by VIX with 27.2 million and HPG with 24.8 million shares.
Movements on HNX and UPCOM
On HNX, MEL and HEV both rose 10.0%; among the decliners, ONE and NAP both lost 9.1%. On UPCOM, ACM and DCT gained 25.0%, while FTI fell 32.4% and PXA fell 16.7%.
Technical Signals and Corporate News
Among the stocks with technical data provided, the highest composite score belonged to CMF with 85.4 points, followed by AIG with 79.4 points and VLB with 78.2 points. These signals are analytical data, not conclusions about price movements during the session.
Corporate news produced individual bright spots and risks. VNZ drew attention after VNG reported profit of more than VND 1,000 billion over nine months; record business results at Vingroup could support VIC and several related stocks. On the other hand, financial pressure at Becamex IDC, information about a case involving KSV, and fuel cost developments at Vietnam Airlines are factors to monitor for the stocks mentioned in the news.
Outlook
The scenario with a higher probability in the morning session is a volatile market, with the possibility of selective recovery if buying demand improves. However, weak cash flow, broad selling pressure, and heavy net selling by foreign investors could limit the recovery momentum. The data provided does not identify the precise key technical support and resistance levels for the VN-Index; investors may watch whether the bottom formed during the recent decline holds, and the nearest recovery zone as resistance.
This content is analytical and informational only; it is not investment advice.