Opening the trading session on the morning of May 11th, after three consecutive days of gains at the beginning of May, selling pressure increased slightly, causing the VN-Index to reverse and correct downwards.
However, thanks to familiar pillars like the VIC - VHM pair, the market quickly recovered, despite red still dominating the electronic board. After more than an hour of trading, the VN-Index rose slightly by 5.5 points, with VIC and VHM alone contributing more than 10 points to the market.
In addition, GEX - GEE - GEL continued to maintain their momentum, as did some stocks in the banking and securities sectors, such as VIX, which increased by around 3% with outstanding liquidity, reaching over 25.3 million units.
Conversely, although DGC shares opened strongly, selling pressure from both domestic and foreign investors caused the stock to hit its lower limit at one point.
At the close of this morning's trading session, the financial services sector was in positive territory with VIX (+5.91%), SSI (+1.41%), SHS (+2.87%), VND (+1.82%), VCI (+1.35%), HCM (+0.72%), and MBS (+1.54%).
Similarly, the industrial goods and services group saw gains of GEX (+4.03%), GEE (+6.25%), VSC (+3.17%), PVT (+1.81%), and HAH (+0.18%). The construction and materials group witnessed gains of GEL (+6.92%), PCT (+0.55%), CII (+2.71%), CTD (+0.78%), VGC (+2.82%), and BMP (+2.47%).
Meanwhile, divergence occurred within the banking sector, with EIB (+3.84%), MBB (+0.19%), VPB (-0.18%),SHB (-1.05%), MSB (+1.85%), and CTG (-0.55%). Similarly, divergence was observed in the chemical sector, with DGC (+6.61%), GVR (-1.82%), DCM (+2.36%), DPM (+0.77%), and DDV (+0.77%).
The VN-Index rose 5.29 points to 1,921.29 points (+0.31%) compared to the previous session. Similarly, the UPCoM-Index increased by 127.48 points (+0.12%), equivalent to 0.15 points, and the HNX-Index increased by 248.2 points (+0.69%), equivalent to 1.71 points.
Market liquidity reached VND 11,621.088 billion, with 399,000 shares traded. Across the sector, 117 stocks rose (3 hitting the ceiling price), 162 stocks fell (2 hitting the floor price), and 69 stocks dropped to the reference price.
According to experts at Vietnam Construction Securities Company, the VN-Index ended the previous trading week with strong divergence among industry groups, and it's not surprising that capital flows have been alternating in recent days, with a mix of green and red.
As soon as the Vingroup duo (VIC, VHM) no longer dominated in terms of contributing points, the market immediately shifted to a new sector to replace them, and the banking sector was a prime example on Friday.
MSN was also one of the blue-chip stocks that made an impression and received a lot of attention last week; however, the buying pressure has not yet shown a decisive breakthrough and needs more time to consolidate its strength.
However, investors should not abandon the "game" and "say goodbye" to companies with promising business results projected for the coming quarters because of these fluctuations in scores.
Investors should continue to maintain their current portfolio holding strategy, only increasing their purchases when the index stabilizes and focusing on stocks that meet the stringent criteria set forth.
According to experts at Vietcombank Securities Company, the VN-Index is still performing well at its peak with alternating periods of gains and losses and differentiation among sectors. Furthermore, the gradual increase in liquidity in recent sessions indicates that investor confidence is returning.
Investors are advised to continue maintaining their stock portfolios, considering investing during market fluctuations, prioritizing stocks that hold their support levels or are attracting capital inflows in sectors such as banking, retail, and steel.
Source: https://baonghean.vn/vn-index-tiep-tuc-tien-len-dinh-moi-1-921-29-diem-10336288.html
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