Overview of the trading session
The trading session on May 6th saw positive developments across all three major indices, with the VNINDEX rising to 1891.2 points, up 0.9%. The HNXINDEX reached 248.5 points, up 0.4%, while the UPCOMINDEX climbed to 127.7 points, up 0.3%. This indicates that the upward trend is still being maintained, although the extent of this gain varies among different stock groups.
Liquidity continues to play a confirming role in the trend, with strong capital flows concentrated in a few highly sought-after stocks. However, the market movement still leans towards accumulation and retesting of high price levels, rather than a broad-based breakout.
Outstanding stock group
Among the stocks being monitored, POW was the brightest spot, rising +5.1% to VND 14,350 per share, accompanied by outstanding trading volume of 38.4 million units. This stock attracted the most significant capital inflows during the session, reflecting the high level of market interest.
On the other hand, PSI rose +3.6% to 8,600 VND/share, while MWG increased +1.4% to 86,000 VND/share. RTB also rose +1.4% to 29,500 VND/share, indicating that demand remains present in some stocks with stable price bases.
Conversely, VHC fell -1.6% to VND 61,400 per share; ITD decreased -0.9% to VND 16,050 per share; and HCC retreated -1.5% to VND 26,500 per share. This correction reflects the divergence in performance after a period of increase, as profit-taking pressure emerged at high price levels.
Stock Code Price Change Liquidity POW 14,350 +5.1% 38.4 million PSI 8,600 +3.6% 418.7 thousand MWG 86,000 +1.4% 6.7 million VHC 61,400 -1.6% 2.2 million ITD 16,050 -0.9% 86.5 thousand HCC 26,500 -1.5% 5.8 thousand
Industry analysis
Energy stocks stood out, particularly POW, thanks to strong capital inflows and a clear upward trend. This indicates that the market still favors stocks with unique stories and high liquidity.
In the retail sector, MWG maintained a positive performance with a slight increase and relatively good trading volume, thereby reinforcing the role of large-cap stocks in supporting the index. Meanwhile, stocks like VHM and VHC showed signs of short-term cooling, reflecting a shift in capital flow between sectors.
On the HNX and UPCOM exchanges, PSI , WCS , SJG , and PHP continued to record positive trends, while PVI and TDB leaned towards a more balanced state. This suggests that the overall picture remains one of selective growth, rather than absolute consensus.
Prospects
Technically, the short-term trend remains positive as many stocks continue to hold above their nearest support levels. However, the index approaching new resistance zones may increase volatility in the coming sessions.
In this context, investors need to monitor confirmation from liquidity and the breadth across industry groups. If capital continues to flow into leading stocks like POW , MWG , and some high-scoring composite stocks like SJG and PSI , the positive trend could be further strengthened in the short term.
Conversely, if liquidity weakens and selling pressure increases at the resistance level, the market is likely to enter a tighter consolidation phase before establishing a new direction.