Market Overview Before the 30/09 Session
The 30/09 session opens against a backdrop where the market continues to be weighed down by large-cap stocks, after the VNINDEX eased 2.9 points, or -0.2%, to close the previous session at 1,777.7 points. Index trading value reached 436.4 million units, showing that cash flow remains present but is becoming more selective.
On the broader picture, the HNXINDEX fell 1.4 points to 269.9, while the UPCOMINDEX rose 0.5 points to 125.5. This divergence suggests that market sentiment has not yet formed a unified trend, and buying pressure is concentrating on certain individual stocks rather than spreading across the market.
Supporting Factors and Risks for the Session
Overnight information points to a sharply divided picture. Foreign investors continued to be net sellers but bought heavily in PVT, providing clear support for the oil and gas group. Conversely, PNJ and NVL remained under heavy selling pressure, reflecting ongoing risk in stocks that are weakening significantly.
From a technical standpoint, the 1,770-1,775 point zone on the VNINDEX is the nearest support level to watch closely. Above it, the 1,785-1,790 point zone remains short-term resistance, where selling supply could increase if the index recovers during the morning session.
Notable Stocks to Watch
Technical data shows that a number of stocks are still maintaining relatively positive momentum. On HOSE, TVS, FRT, GMD, VPX and VBB appear in the list of prominent technical signals, with composite scores of 77.7, 72.5, 69.3, 70.7 and 71.2, respectively.
On UPCOM, CMF leads with a composite score of 85.4, followed by SJG at 81.6, VEA at 80.4, PHP at 78.8 and ABW at 77.8. These stocks are holding relatively solid technical foundations amid the market's ongoing volatility.
Notable HOSE Stocks
| Ticker | Change |
|---|---|
| PVT | +6.4% |
| YBM | +6.9% |
| HAS | +6.8% |
| PNJ | -6.8% |
| NAV | -6.8% |
| KOS | -6.9% |
Notable Liquidity
| Ticker | Volume |
|---|---|
| SHB | 26.4M |
| NVL | 21.9M |
| VIX | 19.5M |
Notable Technical Signals
| Ticker | Composite Score |
|---|---|
| CMF | 85.4 |
| SJG | 81.6 |
| VEA | 80.4 |
Morning Session Outlook
The most likely scenario is that the market trades cautiously around the reference level, with cash flow favoring stocks showing positive technical signals and standalone growth stories. The oil and gas group may continue to attract attention following the positive performance of PVT, while stocks under heavy selling pressure such as PNJ and NVL still warrant close monitoring and a high degree of caution.
In the short term, if the VNINDEX holds the 1,770-1,775 point support zone, the index could continue to test the 1,785-1,790 point zone. Conversely, if selling pressure intensifies among large-cap stocks, the sideways trading around 1,780 points is likely to persist. Key factors to watch during the session include foreign investor activity, developments in the oil and gas group, and the potential for buying to spread to stocks with high composite scores.