General Market Overview Ahead of the 05/10 Session
The Vietnamese stock market entered the first session of the week on a cautious note, with the VN-Index standing at 1,737.7 points, down 0.7% in the most recent session. The HNX-Index retreated to 266.8 points, while the UPCOM-Index stood at 125.9 points, both reflecting widespread correction pressure across the market.
In this context, the 1,720-1,725 point zone remains the nearest support level to watch, while short-term resistance lies at 1,750-1,760 points. If buying demand does not improve at the support zone, the market may continue to move sideways within a narrow range early in the week.
| Index | Value | Change |
|---|---|---|
| VN-Index | 1,737.7 | -0.7% |
| HNX-Index | 266.8 | -0.7% |
| UPCOM-Index | 125.9 | -0.5% |
Notable Stocks
On the gainers' side, several HOSE stocks continued to show relatively strong rebounds, including ANV up 6.9%, PGD up 6.8%, and HSL up 5.8%. On the other hand, selling pressure remained evident in TNC, VCA, and KOS, each falling by about 7.0%.
On HOSE, trading liquidity was concentrated mainly in PNJ with 76.1M shares, followed by NVL with 40.8M and HPG with 35.4M. Nevertheless, the high liquidity has not yet been accompanied by clear signs of stability in the overall trend.
Standout Stocks Based on Pre-Session Data
- ANV: +6.9%
- PGD: +6.8%
- HSL: +5.8%
- TNC: -7.0%
- VCA: -7.0%
- KOS: -7.0%
Technical Signals and Capital Flow
Among the technical signals, CMF recorded a composite score of 85.4, VLB scored 82.2, and DWC scored 76.0. These stocks currently display relatively positive technical setups under the current screening criteria, although the broader market picture still lacks consensus.
Notably, foreign investors continued to net sell heavily in the last session of the previous week, leaving short-term sentiment on alert. As net selling has yet to cool down, the index's recovery potential will largely depend on how the market reacts around the nearby support zone.
| Ticker | Composite Score | Status |
|---|---|---|
| CMF | 85.4 | Positive |
| VLB | 82.2 | Positive |
| DWC | 76.0 | Positive |
HNX and UPCOM: Divergence Remains Clear
On HNX, notable gainers included BKC and HMH, both up 9.8%, while BNA fell 10.0% and UNI dropped 9.9%. On UPCOM, HKB surged 33.3% and FTM rose 25.0%, but declines were also steep, with FTI losing 32.4% and ACM down 25.0%.
This development shows that divergence remains significant, particularly among stocks with strong price volatility. Short-term investors should prioritize monitoring price reactions around the support zone rather than chasing individual technical rebounds.
Outlook for the Start of the Week
The base scenario for the 05/10 session is a cautious, fluctuating market, with a possible technical rebound if buying demand returns to the 1,720-1,725 point zone. However, as net selling pressure and defensive sentiment persist, the overall trend is likely to remain highly divergent.
In the short term, investors should closely monitor VN-Index's reaction at the nearby support zone, while also watching stocks with strong technical signals such as CMF, VLB, and DWC to gauge the strength of cash flow. Any rebound should be further confirmed by liquidity and breadth.
The data is for analytical and informational purposes only; it does not constitute investment advice.