The VN-Index ended the session on May 12 with a notable gain, closing at 1,283.26, an increase of 15.9 points.
The VN-Index started the trading day on a strong note, peaking in the first 30 minutes thanks to large-cap stocks such as VIC, FPT, and banking stocks taking the lead.
Despite facing corrective pressure when approaching the 1,280-point resistance level, the market staged an impressive recovery in the afternoon session, closing 15.9 points (1.26%) higher at 1,283.26. The improved liquidity compared to the previous session indicates that money is flowing into the market, supporting the upward trend.
A standout performance was observed in the banking sector, with TCB surging by 6.5%, while other prominent tickers such as CTG, HDB, and VPB recorded gains ranging from 1% to 2%. The real estate and securities sectors also sent positive signals, indicating a rotation of capital among sectors with growth potential.
According to Rong Viet Securities (VDSC), investors can remain optimistic about the market’s upward trajectory but should exercise caution as the index approaches the 1,300-point resistance level and refrain from chasing stocks at high prices.
VCBS Securities maintains a bullish outlook, advising investors to maintain their positions in stocks with upward momentum and selectively deploy capital into stocks attracting buying interest. The focus sectors include banking, securities, and real estate.
The Novaland Stock Saga: A Market Focus
Today (May 12th), NVL stock halted its volatile movement as major shareholders simultaneously registered to sell their shares.
The Rise of Midcap Stocks: A Foreign Investment Frenzy
The liquidity dipped slightly this afternoon, but the market remained resilient and turned positive. The VN-Index closed 0.79% higher, outperforming the morning session and ending at the day’s high. This positive turn can be attributed to the price recovery of several large-cap stocks, indicating a strong and resilient market despite the slight dip in liquidity.
“Vietnam at an Economic Tipping Point: Brokerages Suggest High-Growth Stock Picks”
The An Binh Securities (ABS) team believes that this period could present significant opportunities in the stock market, which often reacts to economic news.
The Big Buy: Foreign Investors Snap Up Nearly a Trillion Dong, Targeting Blue-Chip Stocks
In the afternoon trading session, MBB stock witnessed a significant surge in buying activity, making it the most actively bought stock across the market. The value of the net buying reached an impressive peak of VND 348 billion.
Market Beat: Foreigners Net Buy Nearly VND 1 Trillion
The VN-Index extended its rally throughout today’s session, with a brief period of consolidation in the latter half of the afternoon. Despite this, strong upward momentum from CTG propelled the Ho Chi Minh Stock Exchange’s benchmark index to close higher. The VN-Index gained over 10 points, finishing at 1,293.43.
