Stocks next week (May 12-16): After KRX, what awaits investors?

Returning after the April 30 holiday, the Vietnamese stock market recorded a prosperous trading week. VN-Index closed the week up a total of 41 points (+3.3%) to 1,267.3 points; HNX increased 2.19 points to 214.13 points.

The strong increase occurred in the first 4 sessions of the week, driven by positive investor sentiment when the KRX trading system officially went into successful operation from the session on May 5. Foreign investors also traded actively when net buying during the week with a total value of more than 1,200 billion VND.

Many investors expressed their excitement when the KRX system operated smoothly, without any problems and met initial expectations. VN-Index recorded a trading explosion in Vin stocks after the news that Vinpearl would list 1.8 billion shares on HOSE with the first trading session on May 13.

Mr. Dinh Quang Hinh, Head of Macro and Market Strategy, VNDIRECT Securities Company, analyzed that the cooling signals of tariffs also contributed to promoting the optimistic sentiment as Vietnam officially entered the round of reciprocal tariff negotiations with the US from May 7. The US and China had trade negotiations in Geneva (Switzerland) over the weekend...

Forecasting the stock market next week (from May 12 to 16), many securities companies believe that VN-Index is heading towards the strong resistance zone of 1,270 - 1,280 points, further to the 1,300 point mark, so there may be profit-taking pressure in the short term.

VN-Index trading flourishes after KRX system is put into operation

Pinetree Securities Company's analysis department believes that with the VN-Index reaching the 1,270-point mark with a series of resistances, there will likely be slight corrections early next week. However, investors do not need to worry too much because there are no signs of cash being withdrawn but only rotating from one group to another.

"In the short term, cash flow will focus on midcap stocks (small and medium capitalization, real estate, and may gradually shift to banking stocks. In the medium term, if there is no unfavorable information about tariffs, VN-Index is expected to still move towards the area around 1,300 points" - Pinetree Securities Analysis Department said.

Mr. Dinh Quang Hinh said that profit-taking pressure will increase next week as recent positive information about tariff negotiations and business profit growth in the first quarter of 2025 has been largely reflected in prices.

VN-Index is expected to continue to increase towards the 1,300 point zone.

"Short-term investors should consider taking profits from some of the stocks that have increased sharply recently to switch to stocks that have not recovered significantly, such as industrial real estate, oil and gas, seafood or stocks with strong supporting information such as electricity (increasing retail electricity prices). They should maintain a moderate stock weight and limit the use of leverage when the market is facing strong resistance levels," said Mr. Hinh.

Vietnam Construction Securities Company (CSI) also maintained an optimistic signal of the market with the expectation that VN-Index will reach the 1,300 point mark in the near future. At present, there is a high possibility that there will be increased profit-taking selling pressure, so priority should be given to gradually selling positions and realizing profits when VN-Index approaches the 1,300 point mark. If investors buy new, they need to patiently wait for VN-Index to return to test the 1,250 mark to have a safe buying position...

Source: https://nld.com.vn/chung-khoan-tuan-toi-tu-12-den-16-5-sau-krx-dieu-gi-dang-cho-doi-cac-nha-dau-tu-196250511154208542.htm