In this morning's trading session, May 15, the VN-Index continued to increase points as soon as it opened, but the increase quickly slowed down and instead, fluctuations and slight fluctuations occurred.
However, the pressure is not really large as investors are still holding tightly, while supply is still greatly reduced. Caution has also increased, because today is also the derivatives expiration date.
Some bluechips increased downward, causing the VN-Index to reverse and decrease at the end of this morning's session.
At the end of the morning session, the HOSE floor had 118 stocks increase and 189 stocks decrease, the VN-Index decreased by 3.01 points (-0.23%), down to 1,306.72 points.
The positive point is that cash flow is still flowing strongly, showing the confidence of investors at this time, even in the derivatives expiration session, which rarely happens. Total trading volume reached more than 583.8 million units, worth VND 13,302.6 billion, up 22% in volume and 7% in value compared to yesterday morning's session. The agreement transactions contributed more than 33 million units, worth 569 billion VND.
The most notable stock on the electronic board is still a rookie of VPL when it continued to increase the ceiling from quite early +6.9% to VND 97,700, matching more than 0.56 million units after more than 1 trading hour.
After Vinpearl listed at a huge valuation, the impact of Vingroup's shares on the Vietnamese stock market is becoming increasingly clear. At the end of May 14, the total capitalization of Vingroup, Vinhomes, Vinpearl and Vincom Retail reached nearly VND790,000 billion, accounting for more than 14% of the total capitalization value of the HoSE floor.
Looking back at the past, the above 4 stocks of billionaire Pham Nhat Vuong have contributed a total of more than 75 points to the VN-Index, while this index has only increased by less than 43 points since the beginning of 2025. It can be seen that Vingroup is one of the biggest contributors to bringing the VN-Index back to the 1,300-point mark.
However, in today's trading session, after a period of maintaining a good increase, Vingroup's bluechip stock pair, VRE and VHM, turned to decrease and were also stocks that strongly affected the index. In particular, VRE had a time when it lowered the floor before the end of the session by -4.9% to VND23,500, while VHM -4.5% to VND57,700.
On the other hand, some bank stocks are still in focus with LPB leading the increase, although only +2.7% to 36,650 VND. The codes MBB, SSB, ACB, SHB increased by 2% to 2.3%. Of which, SHB and MBB matched the highest orders, the highest in the whole floor with 75.6 million and 53.5 million units respectively.
The two stocks of Bamboo Capial, BCG and TCD, continued to have one more session of full increase to VND 3,520 and VND 2,050 respectively, matching VND 5.76 million and VND 0.76 million units.
Commenting on the current market context, analysts from VDSC Securities Company believe that the current market valuation is suitable for long-term stock accumulation.
However, in order to deal with increasing uncertainty and potential economic risks, VDSC experts think that the defensive portfolio allocation strategy will be suitable in the current period.
"In the short term, the transaction will still be favorable, reinforced by positive business results and good liquidity. However, investors also need to pay attention to the unexpected risks from the results of tariff negotiations. Measures including increasing purchasing power or opening risk-off positions through futures contracts may be considered at times before major events take place to minimize damage to the portfolio," VDSC recommended.
