Blue-chip stocks lost momentum, VN-Index fell by more than 15 points.

The decline in blue-chip stocks, coupled with cautious investor sentiment, dragged the VN-Index down by more than 15 points.

Opening the trading session on the morning of May 27th, the market witnessed early pressure, with blue-chip stocks like VHM and VIC losing 2-3%, causing the VN-Index to fall quite rapidly and lose more than 15 points.

The real estate sector was dominated by red, with VIC (-2.11%), VHM (-2.54%), VRE (-2.6%), NVL (-1.29%), KDH (-0.21%), and PDR (-0.29%). Similarly, the banking sector saw declines ofACB (-0.2%), VCB (-0.78%), MBB (-0.39%), VIB (-0.31%), and HDB (-0.38%).

The financial services sector performed better with VIX (+0.54%), EVF (+1.08%), VCI (+0.2%), SHS (+0.54%), and SSI (+0.24%). Similarly, the construction and materials sector saw gains of GEL (+2.5%), CTR (+0.66%), CII (+0.28%), HHV (+0.42%), and VGC (+0.35%).

In the industrial goods and services group, GEX (+1.03%), GEE (+4.64%), VTP (+1.65%), and TV2 (+0.4%) all saw gains. In the retail group, AFX (+0.96%), DGW (+0.12%), MWG (+1.66%), TH1 (+1.67%), and SVT (+1.92%) all performed well.

At the close of trading, the VN-Index fell 15.75 points to 1,868.43 points (-0.84%) compared to the previous session. Meanwhile, the UPCoM-Index rose 126.55 points (+0.4%), equivalent to 0.5 points, and the HNX-Index increased 282.17 points (+1.45%), equivalent to 4.02 points.

Market liquidity reached VND 8,864.68 billion, with 317,000 shares traded. Across the sector, 132 stocks increased, 141 decreased, and 71 fell to their reference price.

The stock market on the morning of May 27th. Photo: Vinh Hoang

According to experts at Vietcombank Securities Company, the market is entering a consolidation phase as the VN-Index fluctuates within a narrow range of 1,870 - 1,890 points, accompanied by a decrease in liquidity compared to the 20-day average.

Amidst continued capital inflows into large-cap stocks and some mid-cap stocks beginning to show signs of recovery from support levels.

Investors should restructure their portfolios, specifically by removing stocks they hold that are not attracting significant capital inflows and potentially taking advantage of intraday fluctuations to make exploratory investments in stocks currently attracting capital. Notable sectors for this session include real estate, banking, and securities.

According to experts at Asean Securities Company, technically, the VN-Index is operating in a neutral state, closing at 1,884 points, below the MA10 and MA20 lines, but still maintaining supporting demand. This indicates that although selling pressure has increased, it is not yet strong enough to overwhelm the trend.

With both the RSI and MFI indicators anchored in the neutral zone, the market is likely to continue its sideways trading within a narrow range around the 1,880-1,890 support level before establishing a clearer trend.

In this context, short-term investors should maintain a safe portfolio allocation, avoid chasing rallies, and focus on trading within the support zone of 1,880 - 1,890 points and the resistance zone of 1,900 - 1,910 points.

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

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Source: https://baonghean.vn/co-phieu-tru-hut-hoi-chi-so-vn-index-giam-hon-15-diem-10338433.html