It is tough to predict stock market movements this May as multiple scenarios depend on the outcome of trade negotiations between the U.S. and Vietnam. Many investors are optimistic that a trade agreement between the two nations will be signed soon. Is “Sell in May” going away? Following a 6.2% decline in April, the VN-Index on the Hochiminh Stock Exchange started May on a positive note, gaining nearly 14 points (1.1%) in the first trading session on May 5. However, modest trading volume indicates that cash flow remains cautious, with proprietary traders at securities firms recording significant net sell orders totaling nearly VND510 billion. Investors received a fresh boost as the new KRX trading system was officially launched on May 5, ensuring smooth and stable operations. The system is expected to enhance market efficiency, introduce more products and services, and provide Vietnam’s stock market with a comprehensive platform for modernization. While the “Sell in May and go away” strategy remains a concern for some investors, its influence has diminished in recent years. Statistics show that from 2001 to 2024, the VN-Index recorded an average May growth rate of 1.7%, a relatively strong performance compared to July, September, and October. Notably, […]
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