Blue-chip stocks fall, VN-Index continues to face pressure.

The stock market plunged into the red early on, and although selling pressure wasn't particularly strong, it was widespread, causing the VN-Index to lose more than 30 points.

Opening the trading session on the morning of May 22nd, the market witnessed strong selling pressure early on, with blue-chip stocks like VHM and VIC losing 2-3%, causing the VN-Index to fall quite rapidly, dropping more than 20 points to the 1,875 point level.

The group of small and medium-sized stocks also faced pressure, with many stocks like Viettel and Gelex falling 3-4%, including VTP, CTR, GEE, and GEX. A few stocks in the most liquid group, such as FPT, VND, DXG, PC1, and NVL, showed gains, but these were modest.

At the close of this morning's trading session, the real estate sector was dominated by red as Vingroup stocks fell: VIC (-3.38%), VHM (-3.69%), and VRE (-3.35%), similarly PDR (-3.43%), VPI (-1.5%), CEO (-0.61%), KBC (-3.48%), and KDH (-1.12%).

In the banking sector, VCB (-1.54%),SHB (-1.47%), BID (-2.05%), MBB (-0.81%), CTG (-0.43%), and TCB (-0.93%) saw declines. The financial services sector witnessed drops in VIX (-3.14%), SSI (-0.74%), HCM (-3.11%), SHS (-0.58%), and VCK (-1.04%).

Similarly, in the oil and gas group, BSR (-2.28%), PVD (-3.66%), PLX (-1.28%), PVS (-1.98%), PVC (-1.9%) and OIL fell to their reference prices.

The VN-Index fell 31.92 points to 1,864.97 points (-1.68%) compared to the previous session. Similarly, the UPCoM-Index decreased by 125.81 points (-0.17%), equivalent to 0.21 points. Meanwhile, the HNX-Index increased by 266.46 points (+0.79%), equivalent to 2.09 points.

Market liquidity reached VND 9,389.83 billion, with 341,000 shares traded. Across the sector, 79 stocks increased, 217 decreased, and 48 fell to their reference price.

Stock market on May 22nd. Photo: Vinh Hoang

According to experts at AIS Securities Company, the VN-Index continued its downward trend yesterday, closing below the psychological support level of 1,900 points due to increased selling pressure on some large-cap stocks.

In the upcoming trading sessions, the 20-day moving average (MA20) around 1,885-1,890 points will be a crucial support level to watch. If this area holds, the VN-Index could recover to retest the previous peak of 1,930 points.

Conversely, if the index continues to lose the 20-day moving average, it could retreat to a lower support zone around 1,850 - 1,860 points.

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.

According to experts at SHS Securities Company, after a period of continuous increases, the index is at risk of forming a short-term peak and two medium-term peaks as it has yet to surpass the historical peaks of January and February 2026.

Market quality is deteriorating, and investor sentiment is becoming less optimistic as there are not many good profit opportunities.

Given that the Vingroup group may be ending its short-term strong price surge, putting pressure on the main indices VN-Index and VN30, investors maintaining high portfolio weightings and expanding portfolios need to continue to manage risk.

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Source: https://baonghean.vn/co-phieu-tru-giam-diem-vn-index-tiep-tiep-chiu-suc-ep-10337863.html