Excitement follows the world.

Excitement follows the world.

The stock market opened on May 8th following positive news from global stock markets. Last weekend, Wall Street surged thanks to better-than-expected employment data. Following that, ahead of the VN-Index opening, Asian stocks were predominantly green.

Therefore, the VN-Index quickly turned green. However, investors still entered the May 8th trading session with a cautious mindset, so liquidity remained quite low throughout the morning session.

Simultaneously, Asian stocks strengthened. As a result, at the close of trading on May 8th, the VN-Index rose sharply by 13.13 points, or 1.26%, to 1,053.44 points; the VN30-Index increased by 11.26 points, or 10.8%, to 1,049.72 points.

The stock market on May 8th was buoyant, following global trends. Shares in many sectors surged simultaneously, accompanied by high trading volume. (Illustrative image)

Across the entire exchange, there were 255 stocks that increased in price (15 of which hit the ceiling price), 53 stocks that remained unchanged, and 135 stocks that decreased in price.

Liquidity on the May 8th stock market session was high, with 656 million shares, equivalent to VND 10,784 billion, successfully traded. The VN30 group recorded 164 million shares, equivalent to VND 3,787 billion, being transferred.

According to VCBS Securities, demand surged across almost all sectors during the May 8th trading session. Most notably, the securities and oil and gas sectors saw significant gains of nearly 2%.

Liquidity continued to increase well in the afternoon session; however, selling pressure emerged at the 1050 resistance level, causing the upward momentum to slow down somewhat. According to VCBS, although the market had a good recovery session, foreign investors remained quite cautious and net sold a small amount of 11 billion VND, focusing on selling CTG, HNG, and DIG.

VCBS commented that, in a positive scenario, the VN-Index will experience a few sessions of narrow fluctuations around this level and will continue its upward trend.

"We recommend that investors consider allocating 15-30% of their portfolio to stocks that have seen a good accumulation phase and have rebounded in sectors attracting demand such as securities and chemicals," VCBS advised investors.

On the Hanoi Stock Exchange, the indices saw significantly stronger gains. At the close of trading on May 8th, the HNX-Index rose 3.12 points, or 1.5%, to 210.92 points; the HNX30-Index increased 9.01 points, or 2.42%, to 380.98 points.

Asian stocks surge.

Asia- Pacific markets mostly rose on Monday after Wall Street ended a four-session losing streak on Friday.

In mainland China, the Shanghai Composite led the gains in the region, rising 1.81% to close at 3,395, its highest level since July last year, while the Shenzhen Component closed 0.4% higher at 11,225.77.

Japan's Nikkei 225 index fell 0.71% to 28,949.88 and the Topix index dropped 0.21% to 2,071.21, with energy, finance, and technology leading the losses in Tokyo.

Japan's services sector saw record-breaking expansion in April, according to the services purchasing managers' index from Japan's au Jibun Bank.

Minutes from Japan's March monetary policy meeting show that board members are concerned about inflation accelerating at a faster-than-expected rate.

In Australia, the S&P/ASX 200 rose 0.79%, closing at 7,277.3, led by gains in the financial and mining sectors. South Korea's Kospi gained 0.49%, closing at 2,513.21, while the Kosdaq fell 0.33%, ending Monday at 842.28.

Hong Kong's Hang Seng index rose 1.16% in the final hour of trading, supported by energy and healthcare stocks.

In the U.S., all three major indices rebounded on Friday, ending mostly higher as banks rallied and Apple reported better-than-expected earnings. The Dow Jones Industrial Average rose 1.65%. The S&P 500 gained 1.85%, and the Nasdaq Composite saw the biggest gain, rising 2.25%.

The U.S. is also expected to report its latest consumer price index data for April.

Source: https://www.congluan.vn/chung-khoan-8-5-hung-phan-theo-the-gioi-post246845.html