•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
VN-Index has an opportunity to approach the historic peak around 1,920 points. As of the close on May 6, the VN-Index rose 16.35 points, or 0.87%, to 1,891.2 points. The HNX-Index rose 1.04 points, or 0.42%, to 248.46 points.
VN-Index continued to gain ground and is testing the old peak. With support from large-cap stocks, the index extended its advance and moved closer to the challenge level. Market breadth was positive, with 14 out of 18 sectors rising, and Financial Services leading the gains, followed by Industry & Goods Services.
In foreign trading, foreigners were net sellers across HSX, HNX, and UPCOM. The rally on the day was attributed to broader consensus and capital flowing into large-cap stocks.
Several brokerage views pointed to continued movement toward the 1,900–1,920 range. BVSC said the VN-Index could continue toward 1,900–1,920, while noting the probability of surpassing the historic peak in May remains low in the absence of supportive information. The firm also highlighted the risk of a correction as the index nears the old peak.
SHS similarly maintained that short-term momentum remains above the 1,850-point support and that the index is targeting around 1,900–1,920. SHS noted there is currently no forecast that the VN-Index will break above this resistance.
TVS expected the VN-Index to continue its uptrend toward the historical peak around 1,918, citing afternoon demand across key sectors such as Real Estate and Securities. TVS also said the main drivers would come from the recovery of leading sectors including Banking and Securities, offsetting a slowdown in VinGroup.
YSVN described the move as consistent with a scenario of Wave 5 forming, with the 1,900 region targeted. The firm cautioned about potential short-term divergence and volatility around 1,900–1,920.
VCBS expected the index to keep rising toward about 1,910, supported by positive momentum indicators. VCSC also pointed to continued upside toward 1,900–1,920, with support near 1,870.
SSI stated that the VN-Index continues to test the old peak at 1,920. The firm said the breakout past 1,880, supported by liquidity and breadth, suggests room to test 1,920, while the 1,850–1,880 area is expected to provide near-term support on dips.
SHS provided valuation and liquidity context, noting that by end-April 2026, market capitalization excluding VinGroup was around $320 billion, unchanged from end-March 2026. SHS interpreted this as evidence of accumulation and relatively reasonable valuations for the rest of the market as earnings continue to grow.
Brokerage commentary generally emphasized managing risk as the index approaches the old peak. BVSC advised investors to take partial profits on short-term positions as the market nears the historic level and to prioritize T+ trading, with lower weighting in groups that have fallen sharply to strong support levels.
SHS recommended maintaining balanced exposure with a focus on leading sectors with solid fundamentals and strong economic growth, while TVS suggested investors may consider opening partial positions in cash accounts in sectors currently attracting capital for short-term trading.
YSVN advised holding existing stocks and limiting new purchases during the upcoming rally (less than one month), and monitoring the 1,900–1,920 area to rebalance previously accumulated portfolios.
Acknowledgement: Market opinions from listed brokerage firms are cited as a reference and may carry conflicts of interest with investors. The brokerage houses may have different incentives when presenting market views.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
