Despite a sluggish market, Viettel's stocks unexpectedly surged.

This morning's trading session was rather quiet as investor sentiment remained cautious, with the VN-Index quickly reversing course and falling below the reference level. In this context, the Viettel duo, VTP and CTR, both surged to their ceiling price, strongly attracting investor attention.

Opening the trading session on the morning of May 19th, the market was relatively quiet as investors remained cautious. On the electronic board, green and red colors were mixed with clear differentiation, while the price fluctuations of most stocks were narrow.

After more than an hour of trading, the VN-Index reversed course and fell below the reference level. The highlight came from a few securities company stocks such as VIX, SSI, and VND, which were among the top-performing stocks in terms of trading volume, with VND leading the way and also being the best-performing stock with a gain of over 3%.

Additionally, the Viettel pair, VTP and CTR, surged to their ceiling prices of 72,900 VND and 93,400 VND respectively, with trading volumes of 1-2 million units.

At the close of this morning's trading session, positive sentiment spread across the financial services sector with SSI (+0.18%), VIX (+0.53%), SHS (+1.11%), VND (+3%), HCM (+1.01%), VIC (+0.58%), and MBS (+0.5%). Similarly, gains were seen in the industrial goods and services sector with GEX (+0.57%), GEE (+0.42%), VTP (+6.16%), and PHP (+3.89%).

The banking sector saw gains in VCB (+2.53%), BID (+1.55%), STB (+0.6%), HDB (-2.1%), andACB (-0.2%). In the real estate sector, PDR (+1.81%), VRE (+0.6%), VHM (+0.32%), VIC (-0.89%), and TCH (-0.9%) were positive.

The VN-Index fell 5.24 points to 1,922.7 points (-0.27%) compared to the previous session, while the UPCoM-Index increased 126.46 points (+0.4%), equivalent to 0.56 points, and the HNX-Index increased 261.32 points (+0.8%), equivalent to 2.07 points.

Market liquidity reached VND 12,906.29 billion, with 385,000 shares traded. Across the sector, 129 stocks increased, 3 hit the ceiling price, 166 decreased, and 64 fell to the reference price.

The market is trading this morning. Photo: Vinh Hoang

According to experts at Vietcombank Securities Company, in yesterday's trading session, the VN-Index closed at a new high, but the overall trend of the index is still one of consolidation within the 1,900-1,940 point range.

While the Vingroup group's correction put pressure on the index, the gains in the banking, oil and gas sectors, and some other individual blue-chip stocks helped the index regain balance.

Investors are advised that, in addition to continuing to hold stocks that are rising sharply, they can look for opportunities to increase their holdings/open positions in stocks showing signs of a rebound after a period of tight consolidation and belonging to sectors that attract significant capital inflows compared to the general market. Some sectors to watch include: Banking, Securities, and Oil & Gas.

According to ASEAN Securities Company experts, technically, VN-Index is consolidating the main upward trend as it closed at 1,928 points, establishing a solid position on the MA10 and MA20 lines with the consensus from RSI (70) and MFI (58) indicators, showing that upward momentum and money flow are clearly improving.

With the green candle closing near the day's high, buyers are overwhelmingly in control, opening up the scenario that the index will continue its upward trend to test the 1,940-1,950 resistance zone in the coming sessions.

Given this situation, short-term investors should maintain a cautious strategy of increasing their holdings during corrections, avoiding chasing prices and prioritizing partial profit-taking when approaching resistance levels.

At the same time, focus on stock groups with unique stories, such as state divestment, economic development resolutions, market upgrade roadmaps, or offshore cycles.

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Source: https://baonghean.vn/thi-truong-am-dam-co-phieu-ho-viettel-bat-ngo-but-pha-10337411.html