Continuing yesterday's record-breaking increase, investors entered this morning's session (May 11) with a high expectation. Many people missed the opportunity to gather goods in the previous session, now they do not hesitate to push up the purchase order at the highest price.
On the contrary, the stock holder also took advantage of profit thanks to gathering goods in the previous 4 sessions. The profit -taking pressure caused VN Index to be stopped, but with the trading session that the bought side made the index continued to sublimate.
At the end of the trading session, VN-Index increased by 54.12 points, to 1,222.46 points. HNX-Index increased by 5.02 points to 213.34 points. The width of the whole market is leaning towards green with the buyers having 517 codes increased and the sellers having 291 codes decreased. Green dominated the VN30 basket with 28 codes increasing and 2 codes decreasing.
Market liquidity increased compared to the previous trading session, with the trading volume matched by the VN-Index reaching more than 1.69 billion shares, equivalent to a value of more than 37,300 billion VND. HNX-Index reached more than 133.9 million shares, equivalent to a value of more than VND 2,100 billion.
From below 1,100 points, the VN-Index quickly regained the 1,200 mark after only 2 sessions. With only 2 sessions of strong increases, the entire market's capitalization was also recovered by more than 700,000 billion VND, reaching nearly 6.8 million billion VND. This is a remarkable effort after the market was "inflated" with more than 1.2 million billion in 4 sessions falling deep since Mr. Donald Trump first announced the counterpart tax rate.
Regarding foreign transactions, the group returned to net buy more than VND 974 billion on the HOSE, focusing on HPG (425.51 billion), MBB (246.87 billion), VIC (160.12 billion) and ACB (151.15 billion). Since the beginning of the year, foreign investors have net sold a total of VND35,000 billion. This situation comes after foreign investors released record goods in 2024 earlier.
This is somewhat contrary to many forecasts that foreign investors will arrive 6 - 12 months early to catch the upgrading wave. With the prospect of an increasingly clear upgrade, investors expect foreign capital to reverse soon, especially when Vietnam's stock valuation is being considered attractive after the recent shockfall.
The new tariff policy of the Trump administration will have a significant impact on Vietnam's long-term economic growth prospects. Therefore, until there is new information about the negotiation results between Vietnam and the US, priority should be given to portfolio governance.
Investors can take advantage of market recoveries to reduce the rate of using leverage and investment portfolio structure. For investors holding a high cash ratio, the current market correction is an opportunity to accumulate stocks of leading enterprises whose business activities do not depend too much on import and export.
