Opening the session on May 28, the VN-Index maintained its green color when trading completely above the reference level. In the afternoon session, demand suddenly exploded strongly, helping the VN-Index close at the highest level of the day, at 1,281 points (up 14 points).
During the session, foreign investors net sold 1,149 billion VND on the HOSE floor, focusing on CTG shares (-464 billion VND), VNM shares (-124 billion VND) and HPG shares (-93.9 billion VND).
On the contrary, foreign investors strongly net bought stocks such as FPT (VND 113.15 billion), LPB (VND 40.06 billion), POW (VND 24.69 billion).
The stocks that contributed most positively to the increase of VN-Index were FPT (+1.32), LPB (+1.01), HVN (+0.96), SAB (+0.79), MSN (+0.71).
Meanwhile, the stocks with the strongest decline were CTG (-0.27), LGC (-0.19), VCF (-0.03), TDM (-0.03), EIB (-0.02).
VN-Index developments in recent times. Source: Fireant
Beta Securities Joint Stock Company said that VN-Index has once again entered the strong resistance zone of 1,280-1,300 points, equivalent to the peak zone of March 2024. If the upward momentum and demand continue to be maintained, it is very likely that VN-Index will break through the above resistance zone.
"Although domestic cash flow is dominating even when foreign investors are continuously net sellers, in the long term, foreign investors' movements are still an important factor that needs to be carefully observed to limit risks to the investment portfolio," said Beta Company.
According to VCBS Securities Company, VN-Index continues to show stable momentum as demand and cash flow actively participate in the market.
VCBS recommends that with the current situation, investors continue the T+ surfing strategy, consider increasing disbursement of available stocks in the portfolio and take profits on stocks that have reached short-term targets.
Some notable industries during this time include real estate-industrial parks, securities insurance, export services, and consumer goods.
Source: https://nld.com.vn/chung-khoan-ngay-mai-29-5-4-nhom-nganh-dang-chu-y-196240528185737356.htm
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