Electronic trading board for May 18th - Data: VSF
VN-Index surpasses 1,927 points
The Vietnamese stock market closed the trading session on May 18th on a positive note, with the VN-Index continuing to reach a new historical high, despite a wave of sell-offs in many international financial markets due to geopolitical tensions and rising interest rate pressures.
At the close of trading, the VN-Index rose 6.34 points, or 0.33%, to 1,927.94 points. The HNX-Index increased 0.71% to 259.25 points, while the UPCoM-Index fell 0.56% to 125.9 points. In contrast to the general index, the VN30-Index declined 4.21 points to 2,046.37 points due to downward pressure from large-cap real estate stocks.
Market liquidity remained high with a total trading value of over 29,269 billion VND, an increase of approximately 15% compared to the previous session.
The VN-Index fluctuated sharply for most of the trading session but rebounded significantly towards the end, at one point surpassing the 1,930 point mark before narrowing its gains at the close.
The positive performance of Vietnamese stocks occurred against the backdrop of declines in most Asian markets.
Global investors are concerned about escalating tensions in the Middle East following US President Donald Trump's tough rhetoric toward Iran, raising the risk of disruptions to global oil supplies.
Australia's S&P/ASX 200 fell 1.45%, Japan's Nikkei 225 lost 0.97%, Hong Kong's Hang Seng dropped 1.22%, and China's CSI 300 declined 0.54%.
Cash flow into state-owned stocks.
The market's upward momentum on May 18th was primarily driven by the banking, oil and gas, and state-owned enterprise sectors. VCB became the strongest support for the VN-Index, contributing over 4.6 points, followed by BID, GAS, BSR , and GVR. Conversely, selling pressure from VIC and VHM somewhat narrowed the index's gains.
In the trading session, capital flowed strongly into state-owned stocks following news that the government would be working with the leaders of 23 state-owned corporations and companies on the morning of May 19th to discuss the restructuring of state capital in these enterprises.
As a result, a series of large-cap stocks surged strongly. PLX hit its ceiling price, GAS rose more than 4%, BVH traded positively, while state-owned banks collectively attracted investment with VCB increasing 4.12%, BID increasing 5.47%, and CTG increasing 1.4%.
The oil and gas sector also became a focal point of investment flows as world oil prices remained high amid concerns about escalating tensions in the Middle East. BSR rose 5.35%, PVD rose 6.23%, PVS rose 3.66%, and PVT rose 5.2%.
Meanwhile, the securities sector showed mixed performance but generally remained in positive territory. HCM rose nearly 3%, SHS increased 1.69%, and SSI gained 0.9% thanks to sustained high market liquidity.
In contrast to the bullish momentum of the banking and oil and gas sectors, real estate stocks faced strong selling pressure across the board, especially those in the Vingroup group. VHM fell 2.53%, VIC lost 1.32%, and VRE dropped as much as 2.65%. These three stocks alone dragged down the VN-Index by more than 8.7 points during the session.
Many other real estate stocks also fell into the red, such as DXG down 0.93%, NVL down 0.87%, TCH down 0.89%, DIG down 0.67%, KDH down 0.85%, and NLG down 1.13%.
In the retail sector, profit-taking pressure was evident, with MWG falling 3.66% and PNJ losing 3.86%. Conversely, FPT continued to be a bright spot in the technology sector with a 2.74% increase, helping to maintain market momentum.
Source: https://tuoitre.vn/chung-khoan-viet-bat-ngo-lap-dinh-giua-luc-chau-a-do-lua-20260518153857642.htm
Comment (0)