Blue-chip stocks reverse course, VN-Index turns downward.

The reversal in leading stocks caused the VN-Index to fall, even dropping below the 1,900-point mark at one point.

Opening the trading session on the morning of May 21st, the VN-Index showed a slight upward trend; however, the index quickly reversed course and corrected as soon as continuous order matching began.

The electronic trading board was fairly balanced in terms of the number of rising and falling stocks, but the reversal of large-cap stocks like Vingroup , especially VIC which fell by around 2%, was the main factor causing the VN-Index to drop close to the 1,900-point mark at one point.

After more than an hour of trading, the VN-Index is down more than 7 points and trading at around 1,905 points. Energy stocks quickly returned to lead the market's declining sectors after a positive rebound at the end of yesterday afternoon's session.

At the end of this morning's trading session, the banking sector saw mixed results with VCB (+1.39%),SHB (-1.48%), MBB (+0.41%), BID (+0.23%), HDB (+0.78%), CTG (-0.71%), TCB (-0.62%), and ACB (+0.66%). Similarly, the food and beverage sector saw mixed results with MSN (+0.93%), MCH (-0.38%), KDC (-0.62%), HAG (+0.32%), and NAF (+0.39%).

Meanwhile, red dominated the real estate sector with VIC (-2.6%), VHM (-0.75%), NVL (-3.14%), VPI (-1.31%), DXG (-2.35%), VPI (-1.31%), and VRE (-1.79%).

The VN-Index fell 14.72 points to 1,898.51 points (-0.77%) compared to the previous session. Meanwhile, the UPCoM-Index increased by 125.63 points (+0.34%), equivalent to 0.43 points, and the HNX-Index increased by 264.19 points (+1.09%), equivalent to 2.86 points.

Market liquidity reached VND 9,439.37 billion, with 291,000 shares traded. Across the sector, 98 stocks increased, 188 decreased, and 55 fell to their reference price.

The stock market on the morning of May 21st. Photo: Vinh Hoang

According to experts at Asean Securities Company, yesterday's trading session showed signs of a cautious recovery in the VN-Index, closing at 1,913 points, maintaining its position above the MA10 and MA20 lines with dominant buying pressure. However, the lack of consensus between price and momentum indicates that the uptrend has not yet been clearly established.

With the RSI at 65 indicating improving upward momentum, but the MFI at 49 remaining neutral, the market is likely to continue consolidating within a narrow range at the start of the next session before establishing a specific trend.

In this context, the optimal strategy for short-term investors is to maintain an average portfolio weighting, avoid chasing prices, and focus on trading within the 1,910-1,940 point range.

At the same time, priority should be given to stock groups with unique stories, such as state divestment, economic development resolutions, market upgrade roadmaps, or the offshore oil and gas cycle.

According to experts at AIS Securities Company, the VN-Index experienced strong fluctuations, at one point falling deep below the 1,900-point support level. However, buying pressure at the end of the session helped the index narrow its decline and close slightly in positive territory.

The index may continue to fluctuate and consolidate around the 1,900-point mark before resuming an upward trend towards the 1,950-point mark, and further still, the 2,000-point mark.

Investors should take advantage of price fluctuations to buy and hold stocks with solid fundamental prospects and positive short-term price trends. Sell stocks that show signs of price weakness.

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Source: https://baonghean.vn/co-phieu-tru-dao-chieu-vn-index-quay-dau-giam-diem-10337718.html