After a tug-of-war in the morning session, the Vietnamese stock market regained green color in the afternoon session of May 12 thanks to the demand for opportunities that has entered the game, although still cautious, but mainly focusing on the large stock group in the VN30 basket, helping VN-Index gradually go up and surpass the reference level.
The positive point is that VN-Index still maintained the 1,900 point mark when closing the session on May 12, increasing by nearly 6 points compared to the reference level with 161 gainers and 137 losers. Total trading volume reached 733.3 million units, value of 21,153.4 billion VND, down 24% in volume and nearly 25% in value compared to yesterday.
Along with the decrease in liquidity, foreign investors also traded less actively but still maintained strong net selling status reaching more than 820 billion VND, with the highlight being VIC and VRE stocks being strongly disbursed by this block.
In the banking group, STB was the strongest gainer with 6.37% to 76,800 VND, followed by LPB increasing by 3.22% to 54,500 VND. Followed by HDB increasing by 1.67% to 27,350 VND, while BID, TPB, VIP and VPB only had modest increases. In the opposite direction, the 2 strongest losing codes, OCB and SHB, also only lost more than 1%, the rest only decreased modestly, along with NAB and TCB standing at reference.
With the Vingroup group, while VIC and VHM were under pressure to slightly decrease by 0.5%, VRE rebounded strongly by 5.51% to 35,450 VND, and VPL increased slightly by 0.56% to 89,500 VND.
The securities company group, the red color prevailed, but the fluctuation was not large. The oil and gas group also had a positive trading session with PGD increasing by 5.33% to 23,700 VND, BSR increasing by 4.86% to 29,100 VND, GAS increasing by 3.94% to 76,500 VND, PLX increasing by 2.72% to 37,800 VND, PVD increasing by 1.6% to 31,850 VND...
According to An Binh Securities Company (ABS Research), the 1,920 point zone will be an important milestone to confirm the strength of the trend. If VN-Index surpasses this peak, cash flow may have a larger change, especially in the speculative price increase phase. At that time, the market has a basis to move towards higher target zones.
Also according to ABS Research, in May, Moody's raising Vietnam's national credit outlook from "stable" to "positive" is considered favorable information. In addition, the expectation that Vietnam may be included in MSCI's upgrade tracking list in the June 2026 review also contributes to improving attractiveness to international capital flows.
Therefore, ABS Research offers two scenarios for VN-Index in May. In a positive scenario, the index will soon surpass the old peak of 1,920 points, then accumulate in the peak area with improved liquidity and spreading cash flow. At that time, VN-Index may head towards the resistance zone of 2,084 - 2,145 points.
Regarding investment strategy, ABS Research believes that risks for stocks have decreased significantly compared to the previous period. Investors have disbursed from the end of March and in April may continue to hold or increase their proportion in suitable stocks.
For short-term investors, the appropriate strategy is to increase trading frequency according to the support and resistance zones of each stock. Noteworthy stock groups are businesses with positive business results prospects, healthy finances, high dividends, reasonable valuation or the ability to benefit if foreign capital returns more strongly in the story of market upgrades," ABS Research said.
