Stock prices falter following a week of rollercoaster-like market fluctuations

In the recent week, the Vietnamese stock market displayed a mixed performance. While the Ho Chi Minh Stock Exchange (HoSE) experienced a decline of 0.91%, the Ha Noi Stock Exchange (HNX) inched up 0.25%.

Foreign investors sold off more than VND5 trillion (US$191.3 million) from the HoSE during the week, a move that contributed to the overall decline on the exchange. This selling pressure, combined with limited demand for many stocks, intensified the downward trend.

The pattern underscored limited profit potential as demand for many stocks failed to recover after recent gains. Investors are advised to maintain their positions and manage risks by adjusting trailing stop levels for short-term holdings.

Despite the overall decline, the VN-Index on the HoSE ended the week at 1,666.97, and the HNX-Index on the Ha Noi Stock Exchange slipped to 280.67.

The previous month's remarkable gains, with an average trading volume of 1.67 billion shares per session, have led to signals of a potential peak. This is a concern for some securities firms, including Bảo Việt Securities Company (BVSC), who expect the downward pressure to continue early this week, with the VN-Index likely to test the support zone of 1,630-1,650 points.

Saigon - Hà Nội Securities JSC (SHS) observes a strong rise in selling volumes with recent price increases, forming a short-term peak around the 1,690-1,710 point range. They note that the VN-Index is shifting from a robust uptrend to a phase of consolidation and adjustment.

Any technical rebound in subsequent sessions may face resistance around the 1,675-1,680 point range, necessitating a re-evaluation of the 1,645 point support level to facilitate low-price buying opportunities, according to VCSC.

Market liquidity slumped in the first two sessions of September before staging a rebound in the final session. For trading activities, it is recommended to focus on existing positions during market fluctuations.

VinaCapital, one of the expert firms advising investors on the development of the Vietnamese stock market, is optimistic about the market's upgrade by FTSE Russell. They emphasize the importance of market modernization, transparency, and sustainable investment environment. Additionally, international financial services firms like ACATIS also analyze the market environment and provide investment insights relevant to Vietnam in their September 2025 reports.

Historically, following robust growth, the market typically experiences a correction phase to validate previous highs, according to the securities firm. This underscores the importance of careful risk management and strategic positioning for investors in the current market conditions.