In the trading session on May 13, the stock market had a clear differentiation when profit-taking pressure was strong in the Vingroup group and many large bank stocks. Especially in the afternoon session, there was a time when the market fluctuated and VN-Index lost more than 36 points when Vingroup stocks were heavily sold and simultaneously went down the exchange.
However, thanks to the buying force supporting the entry price, pulling the Vingroup group to recover, in which VPL even closed above the reference price, while VIC only decreased by less than 0.5%, only VRE closed at the floor price of 33,000 VND and VHM decreased by 4.81% to 152,500 VND. Liquidity reached 1.3 million units, 6.5 million units, 14.4 million units and 11.4 million units respectively. Thanks to that, VN-Index recovered strongly.
Closing the trading session on May 13, VN-Index decreased by 2.73 points (-0.14%) to 1,898.37 points with 144 gainers and 168 losers. Total trading volume reached 972.8 million units, total value of 29,704.5 billion VND, an increase of 33% in volume and 40% in value compared to yesterday's session.
Regarding the level of impact, VHM, VIC, STB and VRE are the codes with the most negative impact on the VN-Index and took away more than 10.4 points. Conversely, the oil and gas stock group had a positive trading session, GAS stock increased to the ceiling price at VND 81,800, matched 6.4 million units and still had a ceiling buy order of nearly 1.3 million units. While PLX increased by 6.75% to VND 40,350, matched 10.8 million units and BSR increased by 3.78% to VND 30,200, matched 31.4 million units.
The real estate industry is the group that recorded a sharp decrease in the market of 1.57% with a series of declining codes such as VIC (-0.45%), VHM (-4.81%), VRE (-6.91%) and KSF (-1.57%).
Regarding foreign investors' transactions, this group continued to net sell more than 1,468 billion VND on the HOSE exchange, focusing on FPT (380.43 billion), ACB (259.94 billion), VHM (243.33 billion) and STB (193.12 billion) codes.On the HNX exchange, foreign investors net sold more than 60 billion VND.
The stock market in the coming time is expected to have some supporting factors such as approaching the official upgrade milestone, preparing for the Q2/2026 business results reporting season and the trend of returning net buying of foreign investors.
However, according to analysts, these factors are not enough to completely eliminate the cautious sentiment that is dominating the market.
Variations related to geopolitics and global interest rate trends will still be the main factors dominating market developments in the coming time. However, short-term risks have now decreased significantly and the probability of the market maintaining an upward trend is being assessed higher.
Accordingly, instead of a widespread consensus increase, the market is likely to continue to move in a rotating direction between industry groups, in which the financial - banking group still plays a leading role thanks to its large capitalization ratio.
Experts believe that to attract large cash flows, the first factor is to have a macro "story" or policies strong enough to stimulate confidence. For example, credit accelerates clearly, interest rates remain favorable, public investment disburses strongly, or market upgrade information has more specific progress. However, these factors need time to reflect in business profits and actual capital flows.
The second factor is that foreign investors need to reduce net selling pressure. In the context of the market in a high price range, if foreign investors continue to net sell large stocks, domestic investor sentiment will be affected. Domestic cash flow may still participate, but will usually be more cautious and prioritize short-term trading, instead of holding longer.
The third factor is that business results must be convincing enough.The market is no longer in the overvalued zone, therefore, investors will demand confirmation from business profits.If Q1 business results or Q2 prospects do not create positive surprises, cash flow will be difficult to return strongly, especially in groups that have increased before expectations.
