Stocks tomorrow, May 15: Be cautious when VN Index hits 1,310 points

Closing session on May 14, VN Index increased by 16 points

Right from the beginning of the session, VN Index opened slightly higher, then widened its range thanks to the pull from blue-chips. After the first 30 minutes of trading, VN Index reached its peak of the day but then faced profit-taking pressure, leading to a tug-of-war with a range of 4-5 points. However, the strength from large-cap groups helped the market maintain stability until the end of the session.

Banking stocks such as VCB (+3.35%), VPB (+6.78%), BID (+4.61%) and TCB (+1.7%) played a pivotal role, creating the main driving force for the market. In addition, FPT (+5.69%) in the technology group and MWG in the retail sector also recorded impressive gains, contributing to strengthening the index's upward momentum.

According to Vietcombank Securities Company (VCBS), the market has increased by a total of more than 40 points in the last 3 sessions, with the main driving force coming from large-cap stocks. The fact that the VN Index surpassed the 1,300-point threshold is a positive signal, showing optimistic investor sentiment and the potential for an expansion in the coming time. Therefore, VCBS recommends that investors continue to hold stocks that are on the rise, especially blue-chips, and avoid chasing stocks that are already at high prices.

Dragon Capital Securities Company (VDSC) commented that the liquidity on May 14 increased compared to the previous session, showing that cash flow continued to absorb the supply of profit-taking stocks. However, the next resistance zone of 1,320 - 1,340 points will potentially contain a very large supply of stocks. Therefore, investors need to be cautious and can take advantage of price increases to take profits and earn profits.

Source: https://nld.com.vn/chung-khoan-ngay-mai-15-5-than-trong-khi-vn-index-cham-nguong-1310-diem-196250514183623768.htm