VN-Index opened the session on May 14 with a state of fluctuation, at times adjusting to 1,885 points, but then immediately recovered to the 1,900 point mark.
The highlight of the market is currently belonging to the information technology stock group with the strongest increase of 4.44%, with the main driving force from FPT stock. The liquidity of this technology "giant" also surged with more than 16.4 million shares traded in this morning's session.
Contrary to the positivity from the beginning of the morning session of most real estate stocks, the Vingroup stock group had a difficult start and at one point took away dozens of points of VN-Index. However, the wind changed direction afterwards when this group simultaneously regained green color, thereby becoming a great source of motivation for the market to increase smoothly.
Closing the morning session on May 14, VN-Index increased by 20.14 points (+1.06%), to 1,918.15 points. Total trading volume reached more than 344.8 million units, worth 10,822 billion VND, a slight increase in both volume and value compared to yesterday's morning session.
In the bluechip group, only MSN, VPL and GVR decreased insignificantly, along with LPB, MWG and SSB standing at reference level. The rest all increased points, with FPT stock leading with an increase of 4.67% to 74,000 VND, matched orders of more than 16.4 million units. Followed by VRE with +3.8% to 34,250 VND and GAS +3.1% to 84,300 VND. Next are TPB, VIC and VPB stocks increasing slightly by around 2.5%, with VIC contributing more than 9 points to VN-Index.
In the group of mid-cap and small-cap stocks, although trading has not really improved when the increase is mostly modest, the positive point is that many stocks in the highest liquidity group on the exchange have edged up and spread in many industry groups with names such as MSB, BSR, PDR, DIG, GEX, VIX, matched from nearly 8 million to more than 13 million units.
Amidst the market rally, foreign investors continued to net sell, recording a value of more than 369 billion VND this morning. Selling pressure mainly focused on VHM with nearly 139 billion VND, TCB more than 80 billion VND, ACB nearly 55 billion VND...
On the buying side, FPT led with a value of nearly 40 billion VND, VIC nearly 37 billion VND, SSI nearly 29 billion VND and MSN nearly 26 billion VND. For FPT alone, if the net buying scenario is maintained, this stock will end the 14-session net selling streak.
Analysts from Asean Securities Company (SEC) believe that the market is likely to continue the scenario of struggling in a narrow range around the support zone of 1,890-1,900 points before establishing a clearer trend to test the resistance of 1,910-1,920 points. In this context, short-term investors should maintain an average ratio, avoid chasing purchases in recovery phases and focus on trading according to price ranges.
At the same time, prioritize stock groups with support stories from state capital divestment, economic development resolutions, market upgrade roadmaps or offshore oil and gas cycles.
Tien Phong - TPBS JSC assessed that with the appearance of strong bottom-fishing cash flow from the end of the session on May 13, it shows that the correction phase may have ended early, creating a premise for VN-Index to continue to increase points according to inertia in the next trading session.
Investors can consider maintaining a reasonable proportion of stocks and prioritizing holding stocks that still maintain a short-term upward trend and are in a state of attracting cash flow.In the context of the market experiencing strong differentiation between industry groups and individual stocks, trading strategies should focus on selective factors instead of widespread chasing.
