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Trading opened on a fairly positive note, with the VN-Index rising to a high of 1,908.77 points, supported by real estate and banking stocks. The bullish momentum, however, faded in the afternoon as selling pressure intensified among leading stocks, especially those in the Vingroup ecosystem.
During most of the afternoon session, VIC (Vingroup), VHM (Vinhomes), VRE (Vincom Retail), and VPL (Vinpearl) fell sharply together. At times, several stocks in the group reached the lower circuit, weighing heavily on the broader index.
At one point, the VN-Index dropped by more than 43 points from the intraday high to 1,865.12 points. The decline narrowed later as funds supported Vingroup-related stocks.
By the close, the VN-Index stood at 1,898.37 points, down 2.73 points, or 0.14%.
Despite the late recovery, market breadth remained tilted to the downside. On HoSE, 168 stocks fell, 144 rose, and 58 were unchanged.
The VN30 basket fell 10.46 points, or 0.51%, to 2,043.51 points.
Oil and gas stocks were a rare bright spot in a choppy session, as capital rotated toward the sector benefiting from elevated global oil prices. GAS (PV Gas) rose 6.9% to 81,800 VND per share, while PLX (Petrolimex) gained 6.7%.
Other tickers including PVD, PVS, PVB, and PVC also posted gains. BSR (Bình Sơn Refinery) continued its upward trend following a prior run of increases.
In the Vingroup group, selling pressure eased somewhat late in the session, but VRE still closed at the lower price limit, down 6.91% versus the intraday reference. VHM closed down 4.8%, while VIC fell by less than 1%.
Some financial stocks remained in positive territory, including BID and HCM, up 2.5% and 2.9%, respectively. By contrast, several banks and securities names such as TCB, VPB, and SSI edged down.
Liquidity increased, signaling robust trading activity. The total transaction value on HoSE exceeded 29.704 trillion VND, higher than the previous session.
Foreign investors continued net selling, with more than 1.434 trillion VND net sold on HoSE, extending their net selling in May.
Analysts said the May 13 session highlights how sentiment remains sensitive to movements in heavyweight stocks. Although the VN-Index recovered notably from the intraday low, the volatility suggests profit-taking pressure persists after a strong rally.
Securities firms noted that the rebound from the lows reflects active demand to buy at lower levels. However, sharp swings in large-cap stocks indicate that more pronounced corrections could occur in the near term if liquidity has not yet stabilized.
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…
