Blue-chip stocks rallied, VN-Index regained upward momentum.

Opening the trading session on the morning of May 25th, the VN-Index continued its downward trend; however, increased buying pressure on blue-chip stocks helped the index quickly recover into positive territory as the market entered the continuous order matching phase.

Investors remained cautious and trading was mixed; the rebound of Vingroup-related stocks was the main support helping the VN-Index reverse its downward trend after two consecutive days of decline last weekend.

After more than an hour of trading, the VN-Index increased by approximately 9 points, with VIC and VHM alone contributing nearly 8 points.

Besides VinGroup stocks, the leading sectors of banking, securities, and steel are also showing positive signs with more widespread gains, although the increase remains quite limited.

At the close of this morning's trading session, the real estate sector was in positive territory with VHM (+0.98%), VIC (+0.74%), VRE (+2.84%), NVL (+1.29%), DXG (+1.02%), VPI (+3.04%), and DIG (+1.11%).

The banking sector showed divergence, with ACB (+1.97%), HDB (+1.35%), MBB (+1.22%), EIB (+1.65%), BID (-0.93%), and VCB (-0.79%). Similarly, the financial services sector saw gains of VND (+0.57%), SSI (+0.18%), EVF (+0.73%), VCI (+0.4%), and VCK (+0.4%).

The VN-Index increased by 2.01 points to 1,979.14 points (+0.11%) compared to the previous session. Similarly, the UPCoM-Index increased by 126.10 points (+0.36%), equivalent to 0.45 points, and the HNX-Index increased by 270.24 points (+1.02%), equivalent to 2.73 points.

Market liquidity reached VND 6,973.51 billion, with 260,000 shares traded. Across the sector, 138 stocks increased, 152 decreased, and 59 fell to their reference price.

According to experts at Kien Thiet Vietnam Securities Company, the probability that the VN-Index has peaked around 1,930 points and is trending downwards is quite clearly confirmed by the three most recent sharp declines, with a significant increase in liquidity last week.

A corrective trend has formed and is highly likely to continue this week. The expected support level for this correction is around 1,760 points, and it is highly probable that the VN-Index will test this level before returning to a positive trend.

The cautious approach to new buying positions and the tendency to reduce selling positions throughout the past week have closely reflected market developments this week. Therefore, investors should continue to patiently wait for the VN-Index to retest the 1,760-point support level before resuming new net buying positions.

According to experts at Vietcombank Securities Company, the market saw a corrective movement last week towards the support zone around 1,850 points after showing signs of difficulty at the old peak of 1,920-1,940 points.

However, a positive sign is that demand still showed efforts to support and participate when the index retreated to the 1,850-1,860 point area. In addition, many stocks/sectors maintained sideways movement and accumulated at low price levels, thus opening up attractive investment opportunities.

Investors are advised to pay attention to portfolio risk management in the coming sessions given the current large intraday volatility.

At the same time, opportunities for exploratory investment can be sought in stocks that are attracting outstanding demand compared to the overall market, showing signs of a rebound after a long period of sideways consolidation during the VN-Index's fluctuations next week.