Morning trading was weak as blue chips led declines, but from 10:30 a.m. the leadership group unexpectedly aligned. A wave of large-cap
stocks rebounded and rose sharply, lifting the VN-Index higher in a sustained advance and closing up 1.06% at 1,918.51 points. All of the 10 largest-cap stocks on HOSE rose strongly and, within the index's 20.14-point gain, VIC rose 2.49%, VHM 1.05%, VCB 1.33%, BID 1.29%, CTG 1.41%, VPB 2.70%, GAS 3.06%, contributing more than 16 points. The VN30 basket closed the morning with 24 gainers and 3 decliners, the index up 0.98%. However, blue-chips had not led from the opening; at times the blue-chip breadth was only 7 rising stocks, VN30-Index at its weakest fell 0.42%, VN-Index fell 0.76%. This implies the price movement of blue chips recovered positively. Statistics show as many as 18 of 30 stocks reversed with moves exceeding 1% from their trough. VIC staged a dramatic reversal, up 7.09% from the trough (down 4.3% from reference). FPT also advanced, fluctuating upward with a range of up to 4.23% and closed the morning up 4.67%, with liquidity on the market reaching 1,213 billion dong—the highest in 12 morning sessions. However, FPT's rally slowed after around 10:00 a.m., having been strongly bottom-picked after a nearly 47% drop from its peak and touching a long-term uptrend line. The VN30 basket has 16 stocks up 1% or more, including 7 of the 10 largest-cap stocks. Liquidity rose about 6,080 billion dong, the highest in 12 morning sessions. Across the HoSE, 14 stocks traded above 200 billion dong, of which 10 are in the VN30 basket. VN30's liquidity accounted for nearly 63% of total HoSE turnover, the largest share in 13 morning sessions. In this context, the surprise consensus among blue chips combined with higher liquidity confirms active demand, and the VN-Index benefited most, temporarily posting a record high of 1,918.51 points. Earlier this week the index had reached 1,927.06 points before pulling back in the afternoon of May 11.
