Market Overview Ahead of the October 12 Session
The trading week opening on October 12 unfolded with the VN-Index still trading below the 1,750-point level, reflecting cautious market sentiment following a sharp divergence in trading last week. The index closed the reference session at 1,735.1 points, down 0.2%, with liquidity still concentrated notably in a handful of leading stocks.
Selling pressure continued to come from the banking sector, while news related to margin calls and net selling in some large-cap stocks kept cash flow selective. In the short term, the 1,730-1,735 point range is seen as near-term support to watch closely, while 1,750-1,755 points serves as an important psychological resistance level.
Notable Stocks
Among the notable gainers and decliners on HOSE, price swings remained very wide, indicating that cash flow continues to favor short-term trading rather than spreading broadly across the market.
| Ticker | Change | Exchange |
|---|---|---|
| SHA | +7.0% | HOSE |
| NNC | +6.9% | HOSE |
| STG | +6.9% | HOSE |
| TPC | -7.0% | HOSE |
| DHC | -6.9% | HOSE |
| KOS | -6.8% | HOSE |
Notably, PNJ hit the daily limit-up last week but also faced pressure from margin call-related news, highlighting how highly sensitive consumer stocks are to company-specific information. NVL remained among the highest-liquidity stocks, reflecting strong investor interest.
Liquidity and Technical Signals
Liquidity on HOSE continued to center on stocks with high trading leadership. Specifically, SHB recorded a volume of 128.3M shares, followed by NVL with 73.1M and VIX with 45.7M.
On the technical front, several stocks showed notable composite scores, including CMF at 85.4, VLB at 82.2, and VEA at 76.7. These tickers warrant monitoring in a market that lacks broad consensus, with cash flow tending to rotate quickly between sectors.
HNX and UPCOM Outlook
On the other two exchanges, the HNXINDEX stood at 261.6 points, while the UPCOMINDEX was at 124.2 points. Highly volatile stocks still included many hitting the daily limit-up and deep sell-offs, indicating that divergence remains the dominant trend.
| Ticker | Change | Exchange |
|---|---|---|
| QST | +10.0% | HNX |
| THD | +10.0% | HNX |
| FTI | -32.4% | UPCOM |
| PJS | -14.8% | UPCOM |
Short-Term Outlook
The most likely scenario for the morning session is a cautious market opening, with prices fluctuating around the reference level amid high divergence. If buying demand does not improve clearly, the index may continue to consolidate at low levels and retest nearby support before establishing a new rebound.
From a technical perspective, the 1,730-1,735 point zone remains the first support level for the VN-Index, while 1,750-1,755 points is a notable resistance area. Developments in the banking sector, along with stocks showing oversold signals or positive MACD readings, will be key factors determining whether market sentiment can improve in the coming sessions.