The stock market entered the afternoon trading session on May 28 with widespread red color towards the end of the session.The scoreboard recorded nearly 420 declining stocks.Conversely, the upward side recorded nearly 250 stocks.Most industry groups put pressure on the market.Financial banking, real estate, industrial, and raw material stock groups were all flooded with red.
A series of bank stocks negatively impacted VN-Index.Almost all stocks in the top 10 that strongly impacted the index came from the banking group.In the opposite direction, VHM jumped to the ceiling price towards the end of the session.This upward momentum has impacted up to 10 points for VN-Index.However, this also could not bring VN-Index back to reference.
The May 28 session ended with the red color of VN-Index, down nearly 11 points to the threshold of 1,863.67. Conversely, HNX-Index still increased by more than 3 points, reaching 285.56. In the context of market differentiation, cash flow is showing caution. The total market trading value is at 21 trillion VND, down about 15% compared to yesterday's session. Foreign investors continued to net sell nearly 600 billion VND. The net selling wave has somewhat narrowed compared to recent sessions.
Asean Securities Company believes that VN-Index is sending a cautious signal as selling pressure prevails for most of the trading time, showing that the current demand is not strong enough to create a reversal of trend. The market is likely to continue the state of struggling in a narrow range at the beginning of the next session.
In the context that the downward trend has not been fully confirmed and there is still a supporting factor from momentum, short-term investors should maintain a medium proportion, avoid chasing purchases in recovery phases and focus on trading in the support zone of 1,870-1,880 points and resistance of 1,890-1,900 points, while prioritizing stock groups with their own story such as state capital divestment, market upgrades, economic development resolutions or offshore cycles.
At the same time, medium and long-term investors can take advantage of adjustments to the support zone to partially disburse into industry groups with good fundamentals and high liquidity such as banking, securities, retail, public investment and oil and gas.
SHS Securities Company believes that in the short term, VN-Index will continue to accumulate in a fairly narrow range between the resistance level around 1,900 points and the support level around 1,850 points.
SHS assesses that the index is under adjustment pressure to the price range of 1,850 points.The short-term trend only improves well when VN-Index surpasses the resistance of 1,900 points, corresponding to the 20-session average price range.Meanwhile, selling pressure is currently increasing in the resistance zone and mainly comes from the large-cap real estate group.
However, according to SHS's observation, many stock groups after a period of adjustment and accumulation that has lasted until now are improving trends and recovering positively.In which, especially the banking group has accumulated in a narrow range from the end of March 2026 to now with cash flow and short-term trends improving quite well.
