In yesterday's session (May 7), VN-Index surpassed the 1,900 point mark thanks to the increase of the bluechip group and set a new peak. But the status is still "green shell, red heart" when the large contribution in points mainly comes from a few large stocks.
Entering the morning trading session today (May 8), the market began to show short-term fluctuations due to increased pressure to realize profits. VN-Index reversed to below the reference level when red color continued to overwhelm the electronic board and some Vingroup stocks simultaneously lost points. However, selling pressure is not too large, so the index's decrease range is not worrying.
Closing the morning session on May 8th, VN-Index decreased by 9.27 points (-0.49%), to 1,899.74 points. Total trading volume reached more than 374.5 million units, value of 11,025.7 billion VND, down nearly 14% in volume and 15% in value compared to yesterday's morning session. HOSE had 82 gainers and 205 losers.
Vin stock group with VRE, VPL decreased by nearly 2% and VIC and VHM lost around 2.5%, taking away 13 points of the index. In the opposite direction, other bluechips were also relatively faint, with BID having the highest increase of only +2.9% to 42,050 VND. Followed by GVR, VCB, CTG, LPB, with modest increases of more than 1%. The group of mid-cap and small-cap stocks also operated weakly, lacking highlights, except for the Gelex pair GEX and GEE when both increased by more than 3% to 32,400 VND and 125,800 VND respectively, matching 10.8 million and 1.1 million units.
Commenting on the market, analysts from CSI Securities Company (Securities Company) said that the noteworthy point is that VN-Index setting a new historical peak is mainly due to the contribution of the large-cap stock group Vingroup. This shows that the current trend of VN-Index is heavily dependent on the large-cap stock group and is likely to continue to show upward signals in the coming sessions.
CSI experts expect the index to approach the resistance level of 1,945 points in the following sessions and maintain the view of holding the portfolio, but limit chasing purchases in the coming sessions when VN-Index approaches the resistance level of 1,945 points.
Agreeing with the above view, the analysis block of TPBS Securities Company believes that the market may continue to experience short-term fluctuations due to increased pressure to realize profits. In case of technical correction, the area around 1,860 points is expected to play an important psychological support role.
However, the medium-term uptrend of the market is still maintained relatively positively thanks to a stable technical structure and the support zones below are still quite dense. In this context, investors should limit chasing purchases, and prioritize taking advantage of fluctuations to restructure their portfolios into stocks with good uptrends and positive cash flow.
Currently, the total market capitalization is about 430 billion USD, equivalent to 84%/GDP 2025. The market is strongly differentiated, active trading is concentrated in a few leading stocks in short-term industry groups that are growing well such as real estate, seaports, electricity, rubber and prominent stocks in the private banking group.
Investors can assess and consider investment opportunities in stocks with the best growth in industry groups.But risk management is needed when market valuation is not too attractive.
