Pre-session Market 05/12: VN-Index Drops Below 1,900 Points, Capital Flows Favoring Stocks with Strong Trends
The previous trading session closed with a cautious sentiment as the VNINDEX dropped to 1,895.5 points, a decrease of 1.0%. Meanwhile, the HNXINDEX gained 0.6% to 248.1 points and the UPCOMINDEX decreased by 0.2% to 127.2 points, reflecting a clear divergence across stock groups.
This movement indicates that the 1,900-point level for the VNINDEX is becoming a crucial psychological threshold in the short term. Therefore, this morning's opening is expected to be cautious, with a high probability of volatility right from the start of the session.
Quick Market Overview
| Index | Value | Change |
|---|---|---|
| VNINDEX | 1,895.5 | -1.0% |
| HNXINDEX | 248.1 | +0.6% |
| UPCOMINDEX | 127.2 | -0.2% |
Noteworthy Movements from the Previous Session
Stocks causing attention on the HOSE continued to show strong divergence. On the upside, HRC increased by 7.0%, BSR by 6.9%, GEL by 6.9%, CDC by 6.8%, and CII by 6.8%.
Conversely, some stocks faced significant selling pressure, including TMP which fell 7.0%, DGC down 6.9%, VNE down 6.9%, SMA down 6.8%, and VRE down 6.4%. This reinforces the assessment that capital has not spread widely but is primarily seeking out individual stocks.
Liquidity and Capital Concentration
Liquidity on the HOSE remained concentrated in a few leading stocks, notably VIX with 104.3M shares, CII with 49.7M shares, SHB with 39.4M shares, GEX with 29.1M shares, and BSR with 27.1M shares.
This trend suggests that capital continues to be active but clearly prioritizes stocks with unique stories or those exhibiting stronger trading momentum than the general market.
Stocks with Positive Technical Signals
Stocks with high composite scores continued to show good price levels and momentum. Leading the pack was PHP with a price of 35,000 and a score of 80.1, followed by HCM at 27,550 with a score of 78.5, and NST at 12,400 with a score of 77.1.
The next group included PVI at 79,500 with a score of 75.4, PTB at 51,000 with a score of 75.0, NDP at 22,500 with a score of 75.0, DFC at 31,000 with a score of 75.0, HDB at 26,900 with a score of 74.2, OPC at 23,000 with a score of 74.2, TLG at 50,200 with a score of 74.1, SJG at 21,000 with a score of 73.6, PSI at 8,500 with a score of 73.4, PMC at 140,000 with a score of 72.2, CLH at 23,100 with a score of 72.0, and IDP at 282,000 with a score of 71.6.
Information from Listed Market Segments
HNX
On the HNX, strong gainers included SDN +10.0%, PMC +9.9%, NHC +9.8%, PTX +9.8%, and SCI +9.7%. On the downside, DTG fell 9.5%, HMH down 9.1%, DST down 8.7%, ALT down 8.3%, and HTC down 8.2%.
Liquidity on the HNX was concentrated in SHS with 21.2M shares, CEO with 13.0M, PVS with 4.4M, MST with 3.4M, and MBS with 3.0M.
UPCOM
On UPCOM, positive movements were more prominent with BMD +15.0%, VCX +14.9%, MTH +14.7%, TUG +14.7%, and TRS +14.6%. Conversely, VXT fell 14.9%, VES down 14.8%, ISH down 14.6%, DNH down 14.6%, and CQT down 14.5%.
Liquidity on UPCOM primarily came from HNG with 5.1M shares, BVB with 4.7M, OIL with 2.8M, MSR with 1.7M, and ABB with 1.2M.
Key Factors from Overnight News
Foreign investors continued their strong net selling, extending the net selling streak to a sixth consecutive session with a value exceeding 1,000 billion VND. FPT and VHM were the two stocks experiencing significant capital outflows, adding further pressure on the technology and real estate sectors.
Concurrently, the sharp decline of the VNINDEX in the previous session indicates that short-term correction risks remain. This is a factor that requires close monitoring in this morning's session as the market begins to re-test its equilibrium state.
Outlook Ahead of the Session
The base scenario for the May 12th session is a market opening with divergence, as capital continues to favor stocks maintaining strong trends and possessing high composite scores. The 1,880–1,890 point range serves as the near-term support for the VNINDEX, while 1,900–1,910 points is transitioning into a crucial psychological resistance.
If demand does not improve, the likelihood of trading below the 1,900-point mark will remain dominant in the morning session. Conversely, only when capital spreads more broadly and leading stocks stabilize again will the market have an opportunity to sustainably test the upper resistance levels.
The data is for analytical and informational purposes; it is not investment advice.