Despite significant pressure from net selling by foreign investors and profit-taking by domestic investors, the VN-Index remained relatively stable in September compared to the previous month, largely supported by several large-cap stocks. Looking ahead to October, the release of third-quarter 2025 financial statements is likely to be the most anticipated event. Support in September The VN-Index in September primarily fluctuated within the 1,625–1,700 point range. Although it failed to break through the 1,700-point threshold, the index continued to hold a support level around 1,600 points. Liquidity was notably weaker than in August, reflecting a more cautious cash flow as investors remained hesitant about the market’s near-term direction. Notably, the U.S. Federal Reserve’s decision in mid-September to lower interest rates by 0.25 percentage point—its first cut in nine months—along with signals of two additional reductions later this year, failed to provide meaningful support to the market, as the move had already been widely anticipated. While the rate cut did help ease pressure on the exchange rate between the U.S. dollar and the Vietnamese dong after a volatile period, it was not enough to stem the tide of foreign capital outflows. Foreign investors continued to sell aggressively throughout September, with net sales […]