Market before the 29/05 session: VN-Index holds near the 1,860-point support zone as cash flow remains divided

Market Before the 29/05 Session: VN-Index Holds Close to the 1,860-Point Support Zone, Cash Flow Remains Divided

The 29/05 session opens against a backdrop of a divided market, with VNINDEX retreating to 1,863.7 points, down 10.8 points or -0.6% from the previous session. Meanwhile, HNXINDEX rose 3.3 points to 285.6 points, and UPCOMINDEX fell 0.5 points to 125.6 points. This movement suggests that capital has not fully exited the market, but it is showing a clearer tendency to rotate into midcap stocks and supporting exchanges.

Overall Signals Before the Session

The 1,860-point level of VNINDEX is the nearest support level to watch closely, while short-term resistance lies around 1,870-1,875 points. Further up, the 2,000-point threshold of VN30 remains a notable barrier, implying that intraday volatility may still emerge if buying pressure fails to improve sufficiently.

In terms of market context, the banking and securities groups continue to hold relatively well, while overheated stocks tend to fluctuate more sharply. Short-term cash flow may therefore keep favoring stocks with better accumulation bases rather than spreading evenly across the broader market.

Notable Stock Groups

Among large-cap stocks on HOSE, VHM led the rally with a gain of +7.0%, followed by VNE and SVD, both up +6.9%. On the other side, heavier selling pressure was recorded at CRC, PMG, TPC, PIT, and HRC, reflecting a clear divergence among stock groups.

Liquidity and Technical Signals

HOSE liquidity remains concentrated in a few leading stocks, such as VIX with 60.3M shares, SHB with 50.5M shares, and VND with 29.1M shares. This suggests that short-term cash flow still favors speculative, high-turnover stocks.

The technical signal group highlights several notable stocks, including PSI, FDC, MIG, OCH, PAN, LPB, and VND. These are stocks that may continue to attract capital if the market can sustain its technical rebound during the morning session.

HNX and UPCOM: Stronger Divergence

On HNXINDEX, the green color was maintained with a 1.2% gain, suggesting that money flow may be shifting toward mid- and small-cap stocks. Strong gainers include VIT, THD, CTT, SFN, and CTP, while VDL, BTW, ALT, UNI, and HKT faced significant selling pressure.

On UPCOMINDEX, the index adjusted slightly, but price swings in some stocks remained very large. AGX, PTT, EME, PLA, and MTG surged sharply, while DXL, DKG, TSJ, TPS, and HEJ fell deeply, reflecting the high degree of divergence in speculative money flows.

Overnight News and Risks to Watch

The most notable news is that VNE will be delisted from HOSE starting June 29, as the company has received qualified audit opinions for three consecutive years. Even so, the stock has hit the daily limit up several times recently, showing very strong price volatility, but the risks for investors remain high.

In the short term, the market is likely to continue trading within a narrow range and diverging by sector. If VNINDEX holds support at 1,860 points and regains the 1,870-1,875 point zone, sentiment could gradually improve. Conversely, if it loses the nearby support level, volatility pressure will increase, given the ongoing impact of news events and fluctuations in speculative stocks.

Outlook Ahead of the Session

The most feasible scenario for the May 29 session is that the market retests the support zone at the open before establishing a clearer direction. Investors should continue to watch how VNINDEX reacts around 1,860 points, the movement of VN30 at the 2,000-point threshold, and the extent to which money flow spreads into stock groups showing positive technical signals.

The data is for analytical and informational purposes only; it does not constitute investment advice.