Market Before the 09/10 Session: VN-Index Slips Below 1,740 Points, with Support Near 1,730–1,740 Points Under Close Watch
The 09/10 session opens with market sentiment still under pressure from yesterday's sharp decline, as the VN-Index fell below 1,740 points and breadth tilted toward correction. Nevertheless, news that R&I upgraded Vietnam's credit rating to BBB- is a positive signal that could support expectations for the banking and real estate sectors in the short term.
According to data updated as of 08/10/2026 08:57:02 UTC, VNINDEX stood at 1,739.0 points, down 14.4 points (-0.8%), with trading volume of 532,713,885 units. HNXINDEX fell to 256.2 points, losing 3.6 points (-1.4%), while UPCOMINDEX was roughly flat at 125.2 points.
Macro Signals: Credit Rating Upgrade, but Selling Pressure Remains
R&I's upgrade of Vietnam's credit rating to BBB- provides a notable psychological anchor, particularly for sectors sensitive to capital costs such as banking and real estate. However, the 08/10 session showed that selling pressure still dominated many large-cap stocks, leaving the index without a clear confirmation of a reversal.
In this context, the market is likely to continue fluctuating cautiously around the reference zone during the morning session and retest nearby support before determining a clearer direction.
Notable Stocks: Sharp Gainers and Decliners Remain Clearly Divided
On HOSE, notable strong gainers include CSV (+7.0%), FMC (+6.9%) and SVT (+6.9%). Conversely, the sharpest decliners include STG (-7.0%), TNT (-7.0%) and SHB (-6.9%).
| Group | Ticker | Change |
|---|---|---|
| Strong Gainers | CSV | +7.0% |
| Strong Gainers | FMC | +6.9% |
| Strong Gainers | SVT | +6.9% |
| Sharp Decliners | STG | -7.0% |
| Sharp Decliners | TNT | -7.0% |
| Sharp Decliners | SHB | -6.9% |
Liquidity and Technical Signals: Cash Flow Remains Concentrated in Select Tickers
The HOSE liquidity ranking shows SHB leading with 44.5M units, followed by VIX with 31.0M and HDB with 24.3M. In the technical signals group, the tickers with the highest composite scores are CMF at 85.4, VLB at 82.2 and ABW at 81.8.
| HOSE Liquidity | Volume |
|---|---|
| SHB | 44.5M |
| VIX | 31.0M |
| HDB | 24.3M |
| Technical Signal | Composite Score |
|---|---|
| CMF | 85.4 |
| VLB | 82.2 |
| ABW | 81.8 |
From a technical perspective, some tickers with rising MACD and neutral RSI, such as HDB, VBB, VEA and PVT, may see a short-term rebound. Conversely, tickers already in overbought territory, such as DXP and TVN, warrant caution regarding volatility risk.
HNX and UPCOM: Mixed Moves, but No Improvement in the Overall Picture
On HNX, notable tickers include MIC and KSV, both up 10.0%. On UPCOM, PCC rose 15.0% and VXT rose 14.9%, showing that there are still isolated bright spots, even though the overall market condition has not truly turned positive.
| Index | Value | Change |
|---|---|---|
| HNXINDEX | 256.2 | -1.4% |
| UPCOMINDEX | 125.2 | +0.0% |
| HNX | Change | UPCOM | Change |
|---|---|---|---|
| MIC | +10.0% | PCC | +15.0% |
| KSV | +10.0% | VXT | +14.9% |
Short-term outlook: near-term support at 1,730-1,740 points, resistance at 1,760-1,770 points
The most likely scenario for the morning session is that the market will trade cautiously around the reference level and retest the nearby support zone before a clearer trend takes shape. If cash flow improves in large-cap stocks, a technical rebound could spread to some midcap stocks that are holding strong price bases.
From a technical standpoint, the 1,730-1,740 point zone of VNINDEX is the nearby support to watch, while 1,760-1,770 points is the first resistance zone. For VN30, the 1,870 level remains a notable short-term equilibrium zone.
In the short term, developments in the banking and real estate sectors remain key variables to watch, especially as selling pressure persists following yesterday's sharp decline.
This data is for analytical and informational purposes only; it does not constitute investment advice.