Top Stocks to Watch Ahead of the Bell on May 22nd

The morning session witnessed a cooling of large caps and widespread profit-taking pressures, pulling the VN-Index back towards the reference level. By the mid-session break, the VN-Index had gained just under 1 point, hovering at 1,316.13; while the HNX-Index underwent a more pronounced correction, shedding 0.59% to stand at 216.42. Market breadth was negative with 422 decliners overpowering 227 advancers.

The Vietnamese market has demonstrated remarkable resilience, bouncing back from the challenges posed by the US government’s tariff policies. This recovery can be largely attributed to the strong performance of the VN30, particularly the real estate and banking sectors, which have played a pivotal role in driving the market’s resurgence.

The stock soared to a 10-month high in last week’s closing session before easing slightly on May 19.

“It is, therefore, understandable that foreign investors have returned to net buying. If they don’t return at this point, it’s hard to tell when they will,” the expert emphasized.

Individual investors posted net purchases of VND 189.3 billion, including VND 507.6 billion in net buy orders. In terms of matched orders alone, they net bought in 12 out of 18 sectors, primarily in the Real Estate sector.