May has arrived not with a retreat from investors, but with cautious optimism, driven by a mix of macroeconomic resilience, policy adjustments and shifting investor sentiment.
Despite a sharp recovery over the past two weeks, analysts warn that the current rally could lose momentum without fresh support, particularly as profit-taking emerges and market breadth remains limited.
Profit-taking pressure emerged across the board, particularly in banking and technology stocks, causing the VN-Index to retreat slightly to 1,301.39 points — a nearly 12-point in Friday''s session.
Accumulated in the first quarter of 2025, net withdrawals of equity funds were more than VNĐ5.3 trillion, (US$ 20 million) double that of the previous quarter.
The rally was driven by optimistic developments in US trade negotiations with both the United Kingdom and China, which supported investor sentiment across global markets.
Despite strong resistance and uncertain outcomes from the tarriff talks, analysts expect the VN-Index to consolidate in the short term before attempting to break the 1,280-point level and approach the psychological threshold of 1,300.