Market outlook before May 6th session: VN-Index holds above 1,870 points, Vingroup and oil and gas groups continue to lead.

The VN-Index continued its positive momentum ahead of the May 6th trading session.

Following the strong surge in the VN-Index and VN30 in the previous session, the outlook for May 6th continues to favor leading stocks, as information about Vingroup and the assets of Mr. Pham Nhat Vuong creates a positive psychological effect on related stocks, while the oil and gas sector remains a high-probability support if capital flows maintain their widespread impact.

The VN-Index closed the most recent session at 1,874.9 points, up 20.8 points, or +1.1%. Trading volume reached 701,963,400 units, indicating continued capital flow into leading stocks despite a lack of complete market breadth.

The standout group of stocks: Vingroup stocks and technically sound stocks continue to attract attention.

On the HOSE group, notable gainers included HVX (+8.7%), AAM (+7.0%), and FDC (+6.9%). Conversely, several stocks experienced significant declines, such as TDH (-7.0%), SPM (-6.9%), and TIX (-6.9%), reflecting a clear divergence among different stock groups.

In terms of technical signals, many stocks are maintaining a more positive trend than the overall average, notably SJG with a composite score of 81.6; PHP at 76.1 with an RSI of 76.0; and MWG at 76.0. These signals indicate that the upward momentum still exists, but some stocks have entered a sensitive zone requiring close monitoring.

Liquidity is concentrated in leading stocks.

Liquidity on the HOSE continued to be concentrated in large-cap stocks and actively traded groups, with SHB reaching 79.2 million units, NVL reaching 33.3 million units, and HPG reaching 30.7 million units. This signals that capital flows still prioritize stocks with the potential to significantly impact the index.

Stock Code | Key Values ​​| SHB | 79.2 million units | NVL | 33.3 million units | HPG | 30.7 million units

The HNX and UPCOM markets show a lack of consensus in terms of breadth.

In contrast to the positive performance of the HOSE, the HNX-Index fell 2.6 points to 247.4 points, or -1.0%, while the UPCOM-Index declined 0.4 points to 127.3 points, or -0.4%. This development shows that the market is still fragmented, and the current upward trend has not spread evenly across all exchanges.

On the HNX, notable gainers included SDU (+9.2%) and VSM (+8.5%). On UPCOM, strong gains were seen in MEF (+40.0%) and VXT (+15.0%), but liquidity and trend sustainability still need further verification.

Pre-session outlook: the 1,870 point level is the nearest support to watch.

Technically, the 1,870 point level of the VN-Index is a near-term support level to watch, while the 1,885-1,900 point area is a significant psychological resistance zone. For the VN30, the 2,030 level is a short-term equilibrium point, while 2,050 is a notable resistance level.

Positive scenario: the index remains above 1,870 points and continues to test the 1,885-1,900 point range.

Cautious scenario: the momentum from the leading group weakens early, leading to greater market divergence.

Notable group: stocks with bullish MACD and high composite scores such as SJG , PHP , MWG .

For analytical reference only.