“Vietstock Daily Recap: Selling Pressure Persists”

24 May, 2025

I. MARKET ANALYSIS OF STOCKS AS OF MAY 19, 2025

– The main indices continued to adjust during the trading session on May 19. VN-Index decreased by 0.39%, settling at 1,296.29 points; HNX-Index reached 217.24 points, a 0.66% drop.

– The matched order volume on the HOSE slightly decreased by 2.4%, reaching over 829 million units. The HNX recorded nearly 61 million units, a decrease of almost 25% compared to the previous session.

– Foreign investors returned to net buying with a value of more than VND 331 billion on the HOSE and VND 20 billion on the HNX.

Trading value of foreign investors on HOSE, HNX and UPCOM by day. Unit: VND billion

Net trading value by stock code. Unit: VND billion

– Profit-taking pressure from the previous week continued into the new week. Sellers quickly pushed the VN-Index down by nearly 10 points shortly after the opening bell. However, some pillar stocks promptly stepped in, supporting the index to narrow its losses and even turn green by the end of the morning session. Nevertheless, selling pressure remained high across the board in the afternoon session, hindering the recovery attempt. The VN-Index closed at 1,296.29 points, a 0.39% decline compared to the previous session.

– In terms of impact, VIC‘s outperformance contributed over 5 points to the VN-Index, followed by VHM and GEE, which added more than 1 point each. On the other hand, VPL, VCB, FPT, and LPB were the biggest hindrances to the index today, with each stock causing the VN-Index to lose about 1 point.

– VN30-Index declined by 0.34% to 1,379.75 points. The adjustment occurred broadly, with 22 decreasing stocks, 7 increasing stocks, and 1 stock remaining unchanged. Among them, LPB, FPT, VJC, and STB all fell by more than 2%. On the upside, besides the remarkable purple color of VIC, only VHM and VRE recorded notable increases of over 1%.

Red dominated most industry groups. Information Technology and Telecommunications were the two groups with the sharpest declines (over 2%) due to significant pressure from FPT (-2.31%), CMG (-2.43%); VGI (-2.49%), FOX (-1.94%), CTR (-2.76%), VNZ (-1.68%), and ELC (-2.02%). The Energy, Materials, and Consumer Staples groups also lost more than 1% with many stocks facing strong selling pressure, such as PVD (-1.34%), PVS (-1.45%), BSR (-1.69%); DGC (-2.61%), GVR (-1.81%), HSG (-1.22%), NKG (-1.95%), CSV (-2.58%); DBC (-4.21%), HAG (-3.76%), ANV (-2.65%), and SAB (-1.58%).

On the contrary, the Real Estate group was the most prominent bright spot in today’s gloomy context, with many leading stocks such as VIC hitting the ceiling price, KBC (+3.48%), VHM (+1.38%), VRE (+1.02%), DIG (+1.59%), PDR (+1.21%), VPI (+2.45%), and D2D (+1.88%). However, there was a clear divergence as many stocks still faced significant selling pressure, including DXG, SZC, IDC, SIP, NTC, NTL, etc. In addition, the Healthcare group was the only other sector that went against the overall trend, thanks to the positive performance of DCL (+4.35%), IMP (+3.2%), VDP (+1.28%), PBC (+1.48%), and OPC (+1.06%).

VN-Index declined for the second consecutive session and broke below the 1,300-point threshold. If this trend persists in the coming sessions, the VN-Index is likely to retest the old peak formed in December 2024 (corresponding to the 1,270-1,280-point region). At present, the Stochastic Oscillator indicator has given a sell signal in the overbought zone. Investors should exercise caution in the coming period if the indicator falls out of this zone.

II. TREND AND PRICE MOVEMENT ANALYSIS

VN-Index – Stochastic Oscillator indicator has given a sell signal in the overbought zone

Currently, the Stochastic Oscillator indicator has given a sell signal in the overbought zone. Investors are advised to be cautious in the near term if the indicator falls out of this zone.

HNX-Index – Potential to retest the old peak formed in April 2025

HNX-Index declined rather negatively, with the trading volume falling below the 20-day average. This suggests that investor sentiment is starting to become cautious again. If this situation persists, the index is likely to retest the old peak formed in April 2025 (corresponding to the 214-216-point region).

On the other hand, the Stochastic Oscillator indicator has given a sell signal in the overbought zone. Investors should remain vigilant in the near term if the indicator falls out of this zone.

Analysis of Money Flow

Movement of smart money flow: The Negative Volume Index indicator of VN-Index cut below the EMA 20-day line. If this state continues in the next session, the risk of a sudden drop (thrust down) will increase.

Foreign capital flow movement: Foreign investors returned to net selling in the trading session of May 19, 2025. If foreign investors maintain this action in the coming sessions, the situation will become even more pessimistic.

III. MARKET STATISTICS AS OF MAY 19, 2025