The VN-Index rose by 13 points (1%) to close at 1,314 points at the end of last week’s trading session. Market liquidity slightly decreased by 2% from the previous week but remained high, with the average trading value on the HoSE reaching VND 22,919 billion.
Foreign investors returned to net selling with a value of VND 561 billion, focusing on stocks such as VHM (VND 1,176 billion), FPT (VND 678 billion), and VRE (VND 252 billion).
Real estate (+12.56%), aviation (+5.68%), and plastics (+1.99%) were the three sectors with the strongest gains this week.
The market’s uptrend was mainly driven by several large-cap stocks, especially the Vingroup cluster, following a series of related news. The Prime Minister has instructed relevant authorities to research and propose the construction of a high-speed railway by Vinspeed. Additionally, the construction of the Tu Lien Bridge project officially commenced last week.
The VN-Index is approaching the peak level of 2025, and analysts attribute this recovery to positive signals in the trade negotiations between Vietnam and the US.
The second round of negotiations between the two countries concluded with some positive progress, identifying areas of agreement and those requiring further discussion to reach a consensus in the near future. Both sides also outlined the content for the third round of negotiations, which will take place in early June.
The market is approaching the peak of 2025.
The upward momentum cooled off in the last two sessions of the week as profit-taking pressure returned at the 1,320-1,340 resistance zone. The technology and telecommunications, industrial park, securities, and seafood sectors experienced strong corrective pressures after a robust recovery phase.
Analysts from CSI Securities Company (CSI) stated that, considering the weekly chart, the VN-Index’s uptrend remains dominant with three consecutive weekly gains. However, at this point, the market awaits a strong breakthrough signal from the VN-Index (surpassing the 2025 peak – 1,343 points with explosive liquidity beyond the 20-session average) to confirm the larger trend before resuming new buying positions.
In the event of a VN-Index correction, CSI expects the 1,250-point level to serve as a strong and safe support for new net buying. After a prolonged upward journey, the VN-Index is nearing the 2025 peak, making increased profit-taking pressure inevitable.
Mr. Dinh Quang Hinh, an expert from VNDirect Securities Corporation, opined that the 1,320-1,340 resistance zone would remain a significant challenge for the VN-Index in the coming week, as it represents the year’s high.
The market is entering a “news vacuum” phase following the first-quarter earnings season and the 2025 annual general meetings. With the Vietnam-US trade negotiations scheduled for early June, the VN-Index may trade sideways in the 1,290-1,340 range to absorb selling pressure and await new developments.
“Short-term investors should adopt a ‘cautious’ stance, maintain a reasonable stock proportion, and refrain from aggressive buying in overheated stocks. Regarding the medium and long-term horizons, I anticipate that groundbreaking policies to boost the private sector, as outlined in Resolution 68-NQ/TW and the newly issued Resolution 198/2025/QH15, will drive comprehensive reforms and significantly enhance Vietnam’s business environment. These developments will serve as a substantial catalyst for the Vietnamese stock market in the medium and long term,” asserted Mr. Hinh.
The Expert’s Take: A Tactical Pause is a Prelude to the Next Wave
Short-term investors need to exercise caution and adopt a prudent stance. It is wise to maintain a sensible equity allocation and refrain from chasing stocks that have already surged.
Market Pulse for May 26: A Tale of Two Markets as Real Estate Sector Steals the Show
The market remained volatile and highly divided during the morning session. By the midday break, the VN-Index had shed 3.54 points, settling at 1,310.92. Conversely, the HNX-Index rebounded into positive territory, edging up 0.11% to 216.55. The market breadth was relatively balanced, with 314 decliners outweighing 300 advancers.
“Market Trends Analysis for May 26: Uncertainty Prevails”
The VN-Index and HNX-Index experienced a tug-of-war session in the morning trade, with a significant spike in liquidity, indicating investors’ cautious sentiment.
Market Beat: The Tug-of-War Begins as Sellers Step In.
The market steadies and shifts to a tug-of-war around the reference point after a sudden surge of selling pressure. VN-Index’s 0.65% dip indicates an impending adjustment, reflecting investor caution amidst unpredictable dynamics.
Expert Take: Stock-Picking Opportunities Wane as Cash Takes a Cautious Stance Ahead of Trade Talks Outcome
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The divergence among stocks may become more pronounced this week, as the lack of fresh supportive news may lead to a further distinction between strong and weak stocks. With limited positive catalysts, the ability to identify robust stocks becomes increasingly crucial, and cautious capital deployment is expected.
