Market close on 13/05: VN-Index hovers around the high zone as cash flow continues to diverge

Market Overview

The trading session on May 13, 2026 closed with clearly divergent performance across the market. VNINDEX edged down 0.14% to 1,898.37 points, indicating that the index is still consolidating near its highs and that the short-term trend leans toward accumulation. Meanwhile, HNXINDEX rose 0.53% to 254.62 points, and UPCOMINDEX fell 0.25% to 126.28 points, reflecting cash flow that continues to rotate selectively among stock groups.

Liquidity on HOSE remained high, with several leading stocks dominating trading volume, showing that the market remains active even though the rally was not broad-based. The current backdrop tilts toward caution, as investors prioritize stocks with their own stories or positive technical signals.

Notable Stocks

Among the leaders, petroleum and energy-related stocks attracted fairly strong buying demand. GAS rose 6.9%, PLX gained 6.7%, and HRC climbed 7.0%, standing out as the three bright spots of the session. Conversely, selling pressure emerged in some real estate stocks and mid-cap names, with VRE down 6.9%, STG down 6.1%, and DAT down 6.1%.

Standout liquidity continued to concentrate in highly active stocks. VIX matched 67.8 million shares, SHB reached 39.8 million shares, and BSR reached 31.4 million shares, reflecting significant participation from short-term capital.

Sector Analysis

Sector performance showed fairly clear divergence among stock groups. The oil and gas group stood out the most, with BSR up 3.8%, PLX up 6.7%, and GAS up 6.9%, reinforcing the energy sector's leading role during the session. In the banking sector, BID rose 2.5% while STB fell 4.3%, and SHB was unchanged but remained among the most liquid stocks in the market.

The financial services group remained the focus of trading, as VIX, despite a 1.3% decline, still led in matched volume, while SSI fell 0.9% and HCM rose 2.9%, showing selectivity among stocks within the same sector. On the other side, the real estate group saw correction pressure, with VHM down 4.8%, VIC down 0.5%, and VRE sharply down 6.9%, limiting the index's upward momentum.

The technology group and some industrial stocks also recorded positive signals to a certain extent. FPT rose 0.1%, ELC rose 3.1%, PVT rose 4.4%, and VTP rose 4.8%. These are isolated bright spots, indicating that cash flow still favors stocks with a compelling story and reasonable valuations.

Technical Signals

In terms of technical signals, the highly rated group of stocks continues to lean toward a positive state. SAB achieved a composite score of 74.7, POW reached 74.3, and BID reached 74.0, reflecting relatively good short-term trend stability. These are notable stocks in a broader market that has not yet formed a clear breakout momentum.

Among other technical signals worth watching, BTT and PAN also maintained high composite scores, both at 73.7. Technical cash flow therefore continues to favor stocks with strong price bases and relatively stable price structures.

Outlook

In the short term, the market will likely remain volatile and divided as VNINDEX hovers around the 1,900-point level. This level continues to play an important psychological role, while cash flow tends to rotate into stock groups with good liquidity and supportive technical signals.

Investors may continue to monitor corrections in the real estate sector, while observing whether buying demand holds up in the oil and gas, banking, and financial services groups. If liquidity improves alongside broader consensus across industry groups, the market may have the opportunity to form a more positive upward move in the coming sessions. Conversely, the current divergence could persist and create short-term fluctuations.

• Watch zone for VNINDEX: around 1,900 points.
• Short-term drivers: oil and gas, banking, and financial services.
• Key risks: sharp divergence and profit-taking pressure in some overheated stocks.