Daily Market Watch 26/09/2025: VN-Index Retreats Amid Broad-based Selling Pressure

MARKET HIGHLIGHTS

o       The market opened in a conservative mode. The VN-Index fluctuated narrowly around the reference level. There were several attempts from local buyers who believed that the FTSE EM upgrade is coming. Yet, strong selling pressures from foreign investors continued weighing on stock prices. Foreign players dumped stocks aggressively from very early morning, which hurt prices of large-cap stocks and the Index in general.  

o       Sentiment worsened as technical rebound signals remained weaker amid low liquidity. Investors tend to be more cautious due to the lack of good news in this period. Besides, retail investors were less aggressive prior to the release of the FTSE EM upgrade result just to avoid a negative surprise outcome. 

o       There were some bottom-fishing flows in the first hour of the afternoon session, focusing on several large-cap stocks such as VIC, VHM, MSN, etc. which led to a nice recovery of the VN-Index and stock prices in the broader market. Yet, selling volumes increased toward the end of the day and pushed share prices down again. The VN-Index corrected 0.32% at close as a result.  

o       Market liquidity remained subdued. Trading value was muted at USD 1.04 bn (-3.09% DoD). Foreign investors extended their net selling streak to the eighth consecutive sessions, with today’s outflow at -USD78.6 mn. Over the past 10 sessions, cumulative net selling reached -USD503.6 mn. The foreign side focused on offloading SSI (-USD 12.3 mn), HPG (-USD 6.6 mn), and VIX (-USD 6.5 mn), while selectively bought VCB (+USD 2.8 mn), CII (+USD 1.9 mn), and HDG (+USD 1.1 mn).