FPT shares have become the focus of investment flows.
Although the VN-Index continued to fluctuate within a range around the reference point, green dominated the trading screen, with FPT shares leading the market in trading volume this morning.
Opening the trading session on the morning of May 14th, the VN-Index fluctuated around the reference point within a narrow range. A positive sign was the relatively dominant green color on the electronic board, especially in stocks with the highest trading volume, although most saw only modest gains, mainly driven by exploratory buying.
The focus of the buying pressure was on FPT shares, which unexpectedly surged, at times nearly reaching the ceiling price, with trading volume leading the HOSE with over 15 million units. This strong buying pressure occurred after FPT shares had continuously corrected and reached the 70,000 VND mark this week, the lowest level since January 2024.
At the close of this morning's trading session, the IT sector saw gains of FPT (+5.23%), ELC (+0.91%), CMG (+2.38%), POT (+0.48%), and VEC (+5.58%).
Positive sentiment spread across the financial services sector with VIX (+1.06%), HCM (+0.7%), SHS (+0.56%), VCI (+0.58%), VND (+0.61%), and SSI (+0.9%). Similarly, the banking sector saw gains with BID (+1.17%), HDB (+1.08%), VCB (+1.5%), ACB (+0.67%), MBB (+0.58%), and VPB (+2.88%).
In the oil and gas sector, BSR (+2.32%), PLX (+0.25%), PVD (-0.44%), and OIL (+0.68%) were positive. In the real estate sector, VHM (+0.33%), VPI (+0.49%), DIG (+2.05%), PDR (+1.53%), VRE (+2.88%), and VIC (+2.04%) were also strong performers.
The VN-Index rose 20.14 points to 1,918.51 points (+1.06%) compared to the previous session. Similarly, the UPCoM-Index increased by 126.53 points (+0.2%), equivalent to 0.25 points, and the HNX-Index increased by 256.49 points (+0.73%), equivalent to 1.87 points.
Market liquidity reached VND 10,822.08 billion, with 344,000 shares traded. Across the sector, 170 stocks rose (including 2 that hit the ceiling price), 111 stocks fell, and 70 stocks dropped to the reference price.
According to experts at Kien Thiet Vietnam Securities Company, yesterday's trading volume increased by nearly 8% compared to the 20-day average. The significant narrowing of the decline towards the end of the session suggests that the market may still experience another recovery before returning to a downward trend.
However, in our view, the potential for recovery is not significant in the current context, so we should limit new purchases and instead continue to wait for market rallies to reduce our stock holdings.
Investors should continue to maintain the 1,945 point level as a strong resistance level to increase their cash holdings.
According to experts at Vietcombank Securities Company, divergence remained the main trend in the market yesterday, with 144 stocks rising and 168 stocks falling.
Investors are advised to follow the flow of money and selectively choose stocks that are responding to the general momentum of the sector and have not yet risen significantly from their base price/strong support levels, with the goal of short-term trading (T+) during market fluctuations. Some notable sectors include oil and gas, fertilizer, and banking.
