Yesterday's session (May 14) marked the day VN-Index owned the highest closing price ever thanks to the index's supporting role of Vingroup and a somewhat more positive trading diễn biến from the "king stock" group.
However, experts believe that the possibility of overcoming the resistance zone of 1. 925 points has not been confirmed because the volume of order matching transactions in yesterday's session has somewhat decreased compared to the previous trading session, and is also lower than the 20-session average.
Entering the morning trading session today (May 15), the market quickly switched to a state of fluctuation due to pressure at the peak area. In the context of a general market differentiation, significant pressure from the bluechip stock group, with the focus being the "phase" of reversal adjustment of the large pair VIC-VHM, caused VN-Index to fall deeper when entering the continuous order matching session.
At the end of the morning session, VN-Index decreased by 3.48 points (-0.18%) to 1,921.98 points. Total trading volume reached more than 303 million units, value of 8.969 billion VND, down 12.1% in volume and 17.1% in value compared to yesterday's morning session.
The VN30 group was balanced with 12 gainers and 13 losers, closing the session with the group index falling nearly 7.5 points. Among them, large codes such as VHM, HPG, MWG, VIC all decreased by more than 1%, with VIC-VHM alone taking nearly 7 points of the general index.
Conversely, energy group stocks GAS still lead with an increase of 3.7%; followed by GVR up 3.6%, SAB up 2.8%, ACB up 2%...
In the mid- and small-cap group, NVL real estate stock had a positive trading session thanks to strong domestic demand absorption, while foreign investors net sold nearly 2 million units. At the close of the session, NVL increased by 3% to 17,150 VND/share with liquidity ranked 2nd in the market, reaching 17.9 million units.
Meanwhile, bank stocks slightly eased the increase range thanks to VCB increasing by 0.82%, ACB increasing by 2%, TCB increasing by 1.32%, BID, VIB, LPB all increasing slightly. In which, TCB traded most actively in the industry with 12.7 million units matched; followed by SHB matching 12.5 million units and closing the session this code stood at the reference price.
The securities stock group also edged up slightly, with VIX still being the code with the best liquidity in the industry, reaching nearly 15.7 million units and closing this morning's session, this code increased by 1.1% to 19,050 VND/share.
Analysts from TPBS Securities Company believe that whether the market's upward trend will continue to expand or not will depend on demand in the next trading session.
In a positive scenario, if VN-Index surpasses the resistance with strongly improved liquidity, it may expand the upward trend to around the 2.085 point zone. Conversely, the market may continue the sideways tug-of-war trend or more negatively, adjust to a new balance zone.
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.
Asean Securities Company also gave an assessment that the positive scenario in the next session is that the index will continue its upward momentum to test the resistance zone of 1,930-1,940 points before establishing a clearer trend.
In this context, short-term investors should prioritize increasing proportion in correction phases instead of chasing purchases.At the same time, consider taking partial profits in the resistance zone and focus on stock groups with their own story such as state capital divestment, private economic development, market upgrade or offshore cycle.
