The market witnessed a clear polarization, despite a relatively positive opening sentiment, mirroring the performance of larger markets like Wall Street’s gains overnight.
Cautious money flow resulted in the failure to hold the 1,270-point level.
Previous session’s leading sectors such as real estate and banking underwent adjustments. VIC, being the stock that dragged the VN-Index the most, was followed by VCB, PLX, NLV, and BVH. VIC declined by 2.5% after a streak of increases. Numerous liquid real estate stocks, including NVL, TCH, DIG, and GEX, witnessed corrections. Two Vin stocks, VHM and VRE, remained unchanged.
QCG witnessed the strongest gains among real estate stocks.
Small- and mid-cap stocks displayed relatively better performance. QCG hit the ceiling price, maintaining its upward trajectory with nearly a 35% increase over just one month. Last week, this stock rose over 9% as Quốc Cường Gia Lai recorded a significant profit surge compared to the meager profit of VND 651 million in the same period last year. In Q1 of this year, QCG posted an after-tax profit of VND 8.2 billion.
In the audited 2024 financial statement released earlier, the auditor expressed caution regarding the apartment and commercial complex project in Tan Phong Ward (District 7, Ho Chi Minh City) and the Bac Phuoc Kient urban area project in Nha Be District (Ho Chi Minh City).
Aside from QCG’s standout performance, LDG, QHC, SCR, IDI, and DXS managed to stay in the green. However, their impact on the overall market was limited due to their small market capitalization. The rest of the market also exhibited polarization, encompassing major sectors like banking, securities, and steel.
After being delisted from HoSE, RDP, the stock of Rang Dong Holding, resumed trading on UPCoM today but was immediately suspended. RDP was subject to mandatory delisting due to serious violations of information disclosure obligations, falling under the category of stocks subject to trading suspension.
At the session’s close, the VN-Index dropped 2.5 points (0.2%) to 1,267.3 points. The HNX-Index fell 1.08 points (0.5%) to 214.13 points, while the UPCoM-Index climbed 0.42 points (0.45%) to 93.4 points. Trading liquidity decreased, with the HoSE matching value exceeding VND 15,860 billion.
Foreign investors resumed net selling with a value of VND 110 billion, focusing on VCB (VND 184 billion) and VHM (VND 133 billion).
The Cash Flows In, Stock Markets Flourish
A surge of capital inflow, coupled with net foreign buying for the fourth consecutive session, has breathed new life into the stock market, painting a rosy picture for investors.
Market Pulse May 5: Real Estate Sector Leads, VN-Index Surges Over 12 Points
The market closed with positive gains, seeing the VN-Index rise by 12.32 points (+1%), finishing at 1,238.62. Likewise, the HNX-Index climbed 0.87 points (+0.41%), ending the day at 212.81. It was a predominantly green market with 476 gainers compared to 247 losers. Within the VN30 basket, bulls held sway with 19 gainers, 7 losers, and 4 stocks closing flat.
“Vietstock Daily: Caution Prevails Ahead of Long Weekend”
The VN-Index witnessed a slight dip with trading volumes remaining below the 20-day average, indicating a continued cautious sentiment among investors. The recent peak formed in mid-April 2025 (approximately 1,230 – 1,245 points) now acts as a short-term resistance level for the index.
Market Beat: VHM Sees Foreign Sell-Off of $5 Million, VN-Index in a Tug-of-War
The market closed with the VN-Index down 2.43 points (-0.2%), settling at 1,226.8 points. The HNX-Index also witnessed a decline of 0.27 points (-0.13%), ending the day at 211.45. The market breadth tilted slightly towards the bullish side, with 396 gainers outweighing 353 losers. Within the VN30 basket, bulls held a slight edge, as evidenced by 15 advancing stocks, 13 declining stocks, and 2 stocks remaining unchanged.
Market Beat: Afternoon Session Divergence, VN-Index Curbs Gains
The widening divergence in the afternoon session erased most of the morning’s gains. At the close, the VN-Index pared its intraday gains, rising just 2 points to 1,241.95. The HNX-Index edged up 0.08 points to 212.89.
