The digest reports that foreign investors net bought over 300 billion VND for a second straight session after an extended selling streak, though net foreign flows since early October remain negative by more than 6 trillion VND. VN-Index rose 46.7 points in the Oct. 21 session, driven mainly by limit-up gains in Vingroup-linked stocks. Margin lending by securities firms reached a record 463 trillion VND at the end of Q3 2026, up 2% from the previous quarter. The State Securities Commission penalized three companies listed on UPCoM over Oct. 19–20, 2026. The piece also notes that the central counterparty (CCP) clearing mechanism is expected from Q1 2027, prompting brokers to speed up their procedures.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Top cổ phiếu đáng chú ý đầu phiên 23/10
Read the original on Vietstock ↗
Keywords
VNINDEXforeign investorsVingroupmargin lending
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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SGI Capital says Vietnam's macro picture after the first three quarters of 2026 still shows bright spots, but the stock market enters the fourth quarter facing two risks: policy pressure and liquidity risk from margin leverage. After the FTSE upgrade, trading liquidity fell below VND 15,000 billion per session and foreign investors turned to heavy net selling, driven by fears of rising global inflation and interest rates. Margin debt at a historically high level is seen as a risk that could trigger forced-sale pressure as cash demand rises in the fourth quarter. Longer term, Circular 145/2026/TT-BTC, effective 16/11/2026, introduces CCP clearing and removes the 100% cash pre-funding (NPF) requirement for foreign institutional investors, which Hàn Hữu Hậu, CEO of Hy Maxpro, called an important upgrade.
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Mr. Bùi Văn Huy, General Director of FIDT, says the recent rebound in the VN-Index has been driven largely by Vingroup-related stocks, with VIC and VHM alone adding over 21 points to the index on the 22/10 session. Cash flow remains weak, liquidity has not surged, foreign investors are net sellers and interest rates are still high, so the index's gains do not yet mean overall market health has fully recovered. For Q4, he suggests buying on market corrections rather than rushing, deploying capital gradually, limiting margin use, favoring companies with solid finances and avoiding chasing overheated blue chips. Sectors he says investors may watch include infrastructure, public investment, energy and green transition, and companies benefiting from preferential loans, while technology and digital transformation still face pressure from the global AI wave. He also stresses monitoring inflation, exchange rates and Fed policy, and reducing stock exposure if inflation gets out of control or interest rates turn upward.
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The VN-Index jumped 46.7 points, or 2.76%, to 1,738 points, its strongest gain since April 8. Vingroup-linked stocks VIC, VHM and VRE hit the daily limit and contributed about 35 points, while 246 stocks rose and 16 hit the ceiling on HoSE. Trading value reached nearly 18,200 billion VND, up about 43% from the 20-session average. Foreign investors ended a 20-session selling streak with net buying of about 160 billion VND, led by TCB, MSN and VIC, while FPT, VCB and ACB saw net selling. The article cautions that the index's gain depends heavily on Vingroup stocks.
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