Stock market trend on May 29th: Limited new purchases.

SKĐS - Yuanta Vietnam recommends that investors should limit new stock purchases for short-term goals and maintain an observational stance during the May 29th trading session of the VN-Index.

The Vietnamese stock market (VN-Index) experienced negative performance, with red spreading across many stocks while Vingroup stocks recovered. The strong divergence in performance resulted in the VN-Index closing down 0.57%. Conversely, the HNX-Index, despite fluctuations during the session, reversed course to close up 1.18%, while the UPCoM-Index fell for the second consecutive session. Liquidity on the HOSE decreased by 19% compared to the previous session.

VN-Index performance on May 28th.

The banking sector faced strong selling pressure on May 28th, losing more than 11 points, along with stocks and food and beverages, putting pressure on the index.

Pressure is mounting on the banking sector as the State Bank of Vietnam (SBV) is requiring the banking system to maintain low interest rates.

On the positive side, VHM increased to its maximum limit along with VRE (3.2%), BSR (0.88%), KDC (4.35%), GAS (0.25%), and VNM (0.34%), which also saw slight increases.

The securities sector saw positive performance from VND (0.28%), HCM (0.18%), and VDS (3.32%). Additionally, VNE rose for the fourth consecutive session as speculative capital anticipated a price recovery following the delisting of the stock at the end of June 2026.

Foreign investors continued to be net sellers, offloading over VND 593 billion across all three exchanges. Selling pressure was mainly concentrated in HDB (VND 119 billion), FPT (VND 72 billion), andSHB (VND 67 billion). Conversely, foreign investors were net buyers of ACB (VND 109 billion), VNM (VND 688 billion), and MWG (VND 51 billion).

In the most recent trading session, the VN-Index continued to weaken from the MA20 with a slight decrease in volume and remained below the 20-day moving average. The price chart still held above the support area of ​​1,852 points, which has acted as support since the beginning of May 2026. Therefore, Yuanta Vietnam believes that the VN-Index is likely to recover in the May 29th session. Simultaneously, the short-term trend of the VN-Index remains upward.

Regarding short-term strategy, Yuanta Vietnam believes that the VN-Index is showing signs of short-term weakness, but confirmation is needed. Therefore, investors should limit new purchases and observe market developments in the coming sessions.

Source: https://suckhoedoisong.vn/xu-huong-chung-khoan-29-5-han-che-mua-moi-169260529070049188.htm