After facing downward pressure in the first session of the week, the VN-Index witnessed a positive turnaround, influenced by the strong performance of large-cap stocks. The index closed with a gain of 18.86 points (+1.45%) at 1,315.15, surpassing the psychological resistance level of 1,300. However, foreign investors’ net selling of nearly VND 561 billion on the overall market was a downside.
Securities companies recorded a net sell value of VND 418 billion on the HoSE exchange.
The Billionaire’s Assets Surge to Unprecedented Heights
“Vingroup’s stock surge: VHM and VIC soar to new heights. In a thrilling rally, Vingroup’s stocks witnessed a substantial surge with VHM and VIC reaching their peak. This exhilarating performance has propelled billionaire Pham Nhat Vuong’s net worth to a record-breaking $10.2 billion, according to the latest updates from Forbes.”
The VinGroup Stock Rally: How High Can the VN-Index Soar?
Since the beginning of the year, the “Vingroup family” of stocks has surged by several tens of percent, and in some cases, even multiplied. This remarkable performance has significantly contributed to the VN-Index.
Technical Analysis for May 21: A Cautious Sentiment Prevails in the Market
The VN-Index and HNX-Index moved in opposite directions during the morning session, with the latter experiencing a significant drop in liquidity. This cautious investor sentiment indicates a hesitant approach to trading, with a potential wait-and-see attitude prevailing in the market.
Technical Analysis for May 22: Short-Term Tug-of-War
The VN-Index and HNX-Index exhibited a contrasting performance amidst weakening ADX indications, hinting at a potential sideways trend with interspersed gains and losses in upcoming sessions.
The Great Divide: Mid-Range Stocks on the Rise
The money flow showed a shift towards mid- and small-cap stocks in the afternoon session, with many of these stocks witnessing a sharp rise in prices. While the large-cap VN30 stocks still hold the majority weight on the HoSE exchange, it is the smaller stocks that are currently the main attraction for individual investors.
