Heading into the 9–13 November trading week, brokerages broadly expect the VN-Index to consolidate in a narrow range around 1,700–1,750 points. Last week, the index fell 0.93% to 1,725.36 points; it slipped to around 1,700 in the first two sessions before recovering in later sessions on higher liquidity.
Improving money flow, foreign investors return to net buying
According to VietnamPlus, trading volume on HoSE last week rose 28.4% from the previous week, with total weekly trading value of VND84,101 billion. Pinetree data show foreign investors were net sellers of about VND965 billion on HoSE for the week, but in the final session they net bought VND393.5 billion – the first time since 22 October 2026. Meanwhile, the State Bank of Vietnam began intervening in the foreign exchange market from 6 November via 182-day USD/VND swaps of up to US$2 billion.
Price zones analysts are watching
- BSC expects sideways movement in the 1,715–1,750 range.
- BVSC sees support at 1,700–1,710 and resistance at 1,740–1,750; the index needs to break the short-term downtrend line to aim for 1,760.
- SHS sees key support around 1,700, in line with the trendline connecting the March, July and October lows, and resistance around 1,770.
- Yuanta is watching the 1,690–1,710 zone; if demand returns to financial stocks, the index could rebound to 1,750–1,770.
- VCSC expects the 9 November session to fluctuate within 1,720–1,735.
Pinetree keeps a neutral stance and says it will reassess once the VN-Index closes above its 50-day moving average.
Medium-term supports
Looking further out, MBS notes that November has posted gains with 70% probability over the past 10 years, with an average rise of 3.8%. According to FiinPro-X, 797 of 1,518 companies had reported Q3 results, with after-tax profit up 35.8% – a fundamental foundation for the market once money flows stabilise.
Key takeaways
- Most brokerages expect the VN-Index to consolidate around 1,700–1,750 in the 9–13 November week.
- Liquidity improved last week; foreign investors net bought VND393.5 billion on HoSE on 6 November.
- Strong Q3 earnings growth provides a medium-term fundamental anchor.