Specifically, at the close of trading, the VN-Index rose 17 points to 1,900 points. On the HoSE exchange, 119 stocks increased, 191 decreased, including 10 stocks that hit the ceiling price. Thus, the VN-Index officially surpassed the 1,900-point mark again after several unsuccessful attempts in the past. Notably, at the start of the afternoon trading session on May 7th, the VN-Index briefly reached 1,924 points – its highest level in history.
The total trading value across the entire market reached over 31,700 billion VND, with HoSE alone recording over 30,000 billion VND, an increase of approximately 26%.
In the real estate sector, VHM hit its ceiling price and VIC rose by more than 2%, supporting the index, while many other stocks in the same sector weakened, such as NVL, VRE, PDR, CEO, KBC, and DXG.
Stocks surpass all-time highs. (Screenshot)
The industrial sector also saw mixed results. GEX and GEE hit their upper limit, but CTD unexpectedly dropped to its lower limit during the ATC session, despite trading mostly in positive territory. At the close, CTD still had over 300,000 units offered at the lower limit. Other stocks such as VCG, CII, PC1, HHV, DPG, and HAH also closed in the red.
In the financial sector, STB hit its ceiling price, HDB rose 3.4%, and LPB increased 3.6%; meanwhile, MSB, VIX, MBB, CTG, and VPB maintained their gains. Conversely, VCB, BID, TCB, and most securities stocks faced downward pressure.
The energy sector continued to be a negative factor for the market, with most stocks extending their losses compared to the morning session. At the close of trading, BSR , PVT, OIL, PVP, PVC, PVS, and PVD fell by 2–5%.
Meanwhile, the HNX-Index faced more significant downward pressure, falling 0.70 points (-0.28%) to 247.76 points, while the UPCoM-Index maintained its positive momentum, rising slightly by 0.16 points to 127.81 points.
Previously, experts predicted that the VN-Index had room to reach the next resistance level at 1,925 points. In the short term, the upward momentum is likely to be maintained in the following sessions. However, as it approaches higher resistance levels, profit-taking pressure may increase, leading to technical fluctuations.
Given that the index is expected to fluctuate within the range of 1,865 - 1,925 points, the most suitable strategy is "Buy at support - Sell at resistance" (Swing Trading), realizing partial profits when the VN-Index approaches the 1,925 point resistance level in case demand does not improve.
Source: https://vtcnews.vn/chung-khoan-chinh-phuc-dinh-1-900-diem-ar1016807.html
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