HIGHLIGHTED NEWS
According to a report released by S&P Global, the Vietnam Manufacturing Purchasing Managers' Index (PMI) reached 50.4 points in September 2025, unchanged from the previous month. Operating conditions recorded an improvement for three consecutive months, contributing to the increase in new orders, after a slight decline in August. Meanwhile, new export orders continued to decline, but the rate of decline slowed to the lowest level in the recent 11-month decline. The stability in US tariff policy helped some companies to gain new orders from abroad. Manufacturers continued to increase output at the end of the third quarter, extending the current growth streak to five months. In parallel, purchasing activities also increased for three consecutive months. However, inflationary pressures increased as input costs and selling prices increased at a faster pace.
TRADING STRATEGY
The stock market recovered and closed at 1,665 points with lower liquidity compared to the previous session. Selling pressure decreased. Cash flow tends to improve in leading stocks in the financial and F&B sectors, along with some small and medium-cap stocks in the real estate, industrial services, construction and materials sectors. The VN-Index today is likely to fluctuate around the 1,660-1,675 point area.
Although the general sentiment is still cautious and the market continues to move sideways in a narrow range with low liquidity, more optimistic signals have gradually appeared. The supply-demand balance is stabilizing again, and cash flow shows signs of improvement. Large-cap stocks take turns regulating the general index. Fundamental support moves from macro policies and forecasts of business results of large industry groups are gradually revealed. VN-Index is likely to have a short-term recovery towards the 1,680-1,700 point area soon. Investors continue to manage their portfolios according to the individual characteristics of each stock. Prioritized disbursement activities focus on fundamental stocks with prospects of business results growth in the second half of the year, stable price bases, near the support zone and limit chasing when prices show signs of overheating.
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