Market Overview Before the October 15 Session
The October 15 session opens against a backdrop of short-term pressure on the market, with VNINDEX sliding back to 1,704.9 points, down 0.8% from the previous session. Total market liquidity reached 446.4 million shares, showing that cash flow is still present but clearly cautious ahead of key resistance zones.
The most notable point is that selling pressure from foreign investors continues to weigh on sentiment, particularly in the real estate group such as VIC and VHM. With the 1,700-point zone serving as the nearest psychological support, the market is likely to remain volatile during the morning session, with stock-specific divergence taking priority over broad-based consensus.
International Developments and Market Opening Context
Signals from abroad have not yet provided solid support for a sustainable rebound in the domestic market. Foreign net selling of nearly VND 800 billion remains a variable to watch, especially as large-cap stocks have yet to show sufficient consensus to drive the index significantly higher.
In the short term, the 1,715-1,725 point zone is viewed as the nearest resistance for VNINDEX. If the 1,700-point level fails to hold, the likelihood of the index testing deeper support rises. Conversely, if buying demand emerges at this level, a technical rebound may form in several stocks that have already corrected sharply.
Notable Stocks on HOSE
On the upside, a number of mid- and small-cap stocks are showing notable rebounds. BCE, HID, and DAH each recorded gains above 6.9%, indicating that cash flow is still seeking opportunities in stocks with strong recovery potential.
On the other hand, sharp decliners such as ADG, KOS, and SRC show that profit-taking pressure and defensive sentiment remain very evident. This group should be monitored closely during the session for any further changes in liquidity or market breadth.
| Ticker | Performance |
|---|---|
| BCE | +7.0% |
| HID | +6.9% |
| DAH | +6.9% |
| ADG | -7.0% |
| KOS | -6.9% |
| SRC | -6.9% |
Liquidity and Technical Signals
HOSE liquidity remains concentrated in a few leading trading stocks. SHB reached 32.3 million shares, followed by NVL with 22.5 million and VIX with 20.0 million shares, reflecting fairly strong but not yet stable capital rotation.
On technical signals, VLB, CMF, and VEA have the highest composite scores at 86.2, 85.4, and 80.7, respectively. This group holds a relative technical advantage, although the overall market backdrop still calls for caution.
| Ticker | Volume | Composite Score |
|---|---|---|
| SHB | 32.3M | - |
| NVL | 22.5M | - |
| VIX | 20.0M | - |
| VLB | - | 86.2 |
| CMF | - | 85.4 |
| VEA | - | 80.7 |
HNX and UPCOM
On HNX, the HNXINDEX stood at 265.2 points, while the UPCOMINDEX was at 123.9 points. Among the strong gainers, CAR and AMV were the two standout HNX stocks, with gains of 10.0% and 8.3%, respectively.
On the other hand, SMT and HEV plunged 10.0% and 9.5% respectively on HNX. On UPCOM, NAU surged 40.0% and EMG rose 39.8%, but downside pressure was also severe as FTI lost 32.4% and LDW fell 15.0%.
| Exchange | Ticker | Movement |
|---|---|---|
| HNX | CAR | +10.0% |
| HNX | AMV | +8.3% |
| HNX | SMT | -10.0% |
| HNX | HEV | -9.5% |
| UPCOM | NAU | +40.0% |
| UPCOM | EMG | +39.8% |
| UPCOM | FTI | -32.4% |
| UPCOM | LDW | -15.0% |
Outlook and Risks
The most likely scenario for the October 15 session is market volatility in the early trading, followed by sharp divergence and a tilt toward technical rebounds in some stocks that have already fallen into oversold territory. The banking and consumer sectors still require further monitoring, while pressure from the real estate group could continue to weigh on overall market sentiment.
The 1,700-point zone is the nearest support for VNINDEX, while the 1,715-1,725-point zone is the nearest resistance that needs to be breached to confirm a clearer rebound. In the short term, the appropriate strategy remains to monitor cash flow, market breadth, and the reaction of stocks that have already shown positive technical signals.