{"id":13104,"date":"2026-05-04T23:50:28","date_gmt":"2026-05-04T16:50:28","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/04\/dong-tien-chon-loc-va-buc-tranh-thi-truong-phan-hoa-tich-cuc\/"},"modified":"2026-05-04T23:50:28","modified_gmt":"2026-05-04T16:50:28","slug":"dong-tien-chon-loc-va-buc-tranh-thi-truong-phan-hoa-tich-cuc","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/04\/dong-tien-chon-loc-va-buc-tranh-thi-truong-phan-hoa-tich-cuc\/","title":{"rendered":"D\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc v\u00e0 b\u1ee9c tranh th\u1ecb tr\u01b0\u1eddng ph\u00e2n h\u00f3a t\u00edch c\u1ef1c"},"content":{"rendered":"
\n

D\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc v\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u00e2n h\u00f3a t\u00edch c\u1ef1c \u0111ang tr\u1edf th\u00e0nh tr\u1ea1ng th\u00e1i \u0111\u1ecbnh h\u00ecnh r\u00f5 n\u00e9t tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong giai \u0111o\u1ea1n g\u1ea7n \u0111\u00e2y. Thay v\u00ec v\u1eadn \u0111\u1ed9ng \u0111\u1ed3ng nh\u1ea5t nh\u01b0 nh\u1eefng \u0111\u1ee3t s\u00f3ng th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng th\u1ea5y, c\u00e1c c\u1ed5 phi\u1ebfu hi\u1ec7n nay \u0111ang d\u1ecbch chuy\u1ec3n theo nh\u1eefng nh\u1ecbp \u0111\u1ed9 ri\u00eang, ph\u1ea3n \u00e1nh n\u0103ng l\u1ef1c n\u1ed9i t\u1ea1i c\u1ee7a t\u1eebng doanh nghi\u1ec7p thay v\u00ec ch\u1ec9 n\u01b0\u01a1ng theo ch\u1ec9 s\u1ed1 chung. VN-Index c\u00f3 th\u1ec3 mang l\u1ea1i c\u1ea3m gi\u00e1c h\u1ee5t h\u01a1i tr\u01b0\u1edbc \u00e1p l\u1ef1c t\u1eeb c\u00e1c tr\u1ee5 c\u1ed9t v\u1ed1n h\u00f3a l\u1edbn, nh\u01b0ng s\u00e2u b\u00ean trong s\u00e0n HoSE, d\u00f2ng v\u1ed1n \u0111ang th\u1ef1c hi\u1ec7n nh\u1eefng c\u00fa xoay chuy\u1ec3n \u0111\u1ea7y quy\u1ebft li\u1ec7t \u0111\u1ec3 t\u00ecm ki\u1ebfm l\u1ee3i nhu\u1eadn.<\/p>\n

\n \"D\u00f2ng
\u1ea2nh t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/figcaption><\/figure>\n

S\u1ef1 ph\u00e2n h\u00f3a t\u00edch c\u1ef1c t\u1eeb c\u1ea5u tr\u00fac d\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc<\/h2>\n

Th\u1ef1c t\u1ebf cho th\u1ea5y m\u1ed9t ngh\u1ecbch l\u00fd l\u00e0 d\u00f9 ch\u1ec9 s\u1ed1 \u0111\u1ea1i di\u1ec7n s\u00e0n HoSE ch\u1ec9 bi\u1ebfn \u0111\u1ed9ng kh\u00f4ng \u0111\u00e1ng k\u1ec3, song s\u1ee9c s\u1ed1ng c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u1ea1i n\u1eb1m \u1edf \u0111\u1ed9 r\u1ed9ng c\u1ee7a c\u00e1c m\u00e3 c\u1ed5 phi\u1ebfu. Khi quan s\u00e1t s\u00e2u v\u00e0o d\u1eef li\u1ec7u, ch\u00fang ta th\u1ea5y tr\u1ea1ng th\u00e1i c\u00e2n b\u1eb1ng gi\u1eefa s\u1ed1 m\u00e3 t\u0103ng v\u00e0 gi\u1ea3m kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 b\u1ebf t\u1eafc, m\u00e0 l\u00e0 minh ch\u1ee9ng cho vi\u1ec7c d\u00f2ng ti\u1ec1n \u0111ang th\u1ef1c hi\u1ec7n qu\u00e1 tr\u00ecnh s\u00e0ng l\u1ecdc kh\u1eaft khe. Trong s\u1ed1 169 m\u00e3 t\u0103ng \u0111i\u1ec3m, g\u1ea7n 30% t\u1ed5ng gi\u00e1 tr\u1ecb kh\u1edbp l\u1ec7nh c\u1ee7a to\u00e0n s\u00e0n n\u1eb1m \u1edf nh\u1eefng c\u1ed5 phi\u1ebfu c\u00f3 m\u1ee9c t\u0103ng tr\u00ean 1%. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y d\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc \u0111ang \u0111\u01b0\u1ee3c \u0111\u1eb7t v\u00e0o nh\u1eefng v\u1ecb tr\u00ed c\u00f3 s\u1ee9c b\u1eadt th\u1ef1c s\u1ef1, thay v\u00ec d\u00e0n tr\u1ea3i m\u1ed9t c\u00e1ch th\u1ee5 \u0111\u1ed9ng.<\/p>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t, s\u1ef1 h\u1ee5t h\u01a1i c\u1ee7a c\u00e1c ch\u1ec9 s\u1ed1 l\u1edbn th\u01b0\u1eddng \u0111\u1ebfn t\u1eeb vi\u1ec7c c\u00e1c c\u1ed5 phi\u1ebfu tr\u1ee5 nh\u01b0 VIC hay VHM ch\u1ecbu \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh, t\u1ea1o ra “c\u00e1i b\u00f3ng” \u0111\u00e8 n\u1eb7ng l\u00ean VN-Index. Tuy nhi\u00ean, n\u1ebfu t\u00e1ch bi\u1ec7t nh\u1eefng g\u00e3 kh\u1ed5ng l\u1ed3 n\u00e0y, ch\u00fang ta s\u1ebd th\u1ea5y m\u1ed9t b\u1ee9c tranh kh\u00e1c bi\u1ec7t \u1edf nh\u00f3m v\u1eeba v\u00e0 nh\u1ecf. Vi\u1ec7c nh\u00f3m Smallcap ghi nh\u1eadn thanh kho\u1ea3n t\u0103ng tr\u01b0\u1edfng v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi c\u00e1c ph\u00e2n kh\u00fac kh\u00e1c trong khi ch\u1ec9 s\u1ed1 chung d\u1eadm ch\u00e2n t\u1ea1i ch\u1ed7 cho th\u1ea5y t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang d\u1ea7n t\u00e1ch r\u1eddi kh\u1ecfi s\u1ef1 ph\u1ee5 thu\u1ed9c v\u00e0o bi\u1ebfn \u0111\u1ed9ng c\u1ee7a c\u00e1c c\u1ed5 phi\u1ebfu v\u1ed1n h\u00f3a l\u1edbn, v\u1ed1n c\u0169ng \u0111ang ch\u1ecbu s\u1ef1 gi\u00e1m s\u00e1t kh\u1eaft khe v\u1ec1 hi\u1ec7u qu\u1ea3 t\u00e0i ch\u00ednh, gi\u1ed1ng nh\u01b0 nh\u1eefng lo ng\u1ea1i t\u1eebng xu\u1ea5t hi\u1ec7n trong b\u00e1o c\u00e1o v\u1ec1 vi\u1ec7c l\u1ee3i nhu\u1eadn qu\u00fd 1\/2026 v\u00e0 s\u1ef1 h\u1ee5t h\u01a1i c\u1ee7a nh\u00f3m t\u00e0i ch\u00ednh<\/a>.<\/p>\n

D\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc tr\u01b0\u1edbc \u00e1p l\u1ef1c b\u00e1n r\u00f2ng t\u1eeb kh\u1ed1i ngo\u1ea1i<\/h2>\n

\u0110\u00e1ng ch\u00fa \u00fd l\u00e0 xu h\u01b0\u1edbng d\u1ecbch chuy\u1ec3n c\u1ee7a d\u00f2ng v\u1ed1n trong b\u1ed1i c\u1ea3nh kh\u1ed1i ngo\u1ea1i v\u1eabn ti\u1ebfp t\u1ee5c duy tr\u00ec \u0111\u00e0 b\u00e1n r\u00f2ng \u0111\u00e1ng k\u1ec3 t\u1ea1i nhi\u1ec1u m\u00e3 c\u1ed5 phi\u1ebfu tr\u1ee5 c\u1ed9t. Vi\u1ec7c c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u01b0\u1edbc ngo\u00e0i r\u00fat v\u1ed1n kh\u1ecfi nh\u1eefng c\u00e1i t\u00ean l\u1edbn nh\u01b0 ACB, FPT hay HPG \u0111\u00e3 t\u1ea1o ra \u00e1p l\u1ef1c \u0111i\u1ec1u ch\u1ec9nh, nh\u01b0ng s\u1ef1 b\u1ec1n b\u1ec9 c\u1ee7a nh\u00f3m c\u1ed5 phi\u1ebfu v\u1eeba v\u00e0 nh\u1ecf cho th\u1ea5y n\u1ed9i l\u1ef1c c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u0111ang t\u1ef1 c\u00e2n \u0111\u1ed1i. D\u00f2ng ti\u1ec1n n\u1ed9i \u0111\u1ecba d\u01b0\u1eddng nh\u01b0 \u0111ang ch\u1ee7 \u0111\u1ed9ng ti\u1ebfp qu\u1ea3n c\u00e1c c\u01a1 h\u1ed9i m\u00e0 kh\u1ed1i ngo\u1ea1i \u0111\u1ec3 l\u1ea1i, t\u1ea1o n\u00ean m\u1ed9t s\u1ef1 ph\u00e2n h\u00f3a t\u00edch c\u1ef1c n\u01a1i c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 c\u00e2u chuy\u1ec7n t\u0103ng tr\u01b0\u1edfng ri\u00eang bi\u1ec7t v\u1eabn thu h\u00fat \u0111\u01b0\u1ee3c s\u1ef1 ch\u00fa \u00fd.<\/p>\n

S\u1ef1 quy\u1ebft li\u1ec7t c\u1ee7a d\u00f2ng ti\u1ec1n c\u00f2n th\u1ec3 hi\u1ec7n \u1edf c\u00e1ch c\u00e1c c\u1ed5 phi\u1ebfu nh\u01b0 GVR hay MWG \u0111\u1ea3o chi\u1ec1u th\u00e0nh c\u00f4ng trong phi\u00ean, v\u1edbi thanh kho\u1ea3n b\u00f9ng n\u1ed5 v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi phi\u00ean s\u00e1ng. \u0110\u00e2y l\u00e0 minh ch\u1ee9ng r\u00f5 r\u00e0ng cho vi\u1ec7c c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f2n “\u0111\u1ee9ng n\u00fai n\u00e0y tr\u00f4ng n\u00fai n\u1ecd” theo ch\u1ec9 s\u1ed1, m\u00e0 t\u1eadp trung v\u00e0o c\u00e1c t\u00edn hi\u1ec7u cung c\u1ea7u th\u1ef1c t\u1ebf. C\u1ea7n nh\u00ecn nh\u1eadn r\u1eb1ng, trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng \u0111ang t\u00e1i c\u1ea5u tr\u00fac nh\u01b0 hi\u1ec7n nay, vi\u1ec7c kh\u1ed1i ngo\u1ea1i b\u00e1n r\u00f2ng kh\u00f4ng c\u00f2n g\u00e2y ra nh\u1eefng c\u00fa s\u1ed1c di\u1ec7n r\u1ed9ng nh\u01b0 giai \u0111o\u1ea1n tr\u01b0\u1edbc, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 nh\u1eefng ghi nh\u1eadn v\u1ec1 vi\u1ec7c kh\u1ed1i ngo\u1ea1i b\u00e1n r\u00f2ng g\u1ea7n 14.000 t\u1ef7 trong th\u00e1ng 4<\/a>. Thay v\u00e0o \u0111\u00f3, th\u1ecb tr\u01b0\u1eddng \u0111ang d\u1ea7n h\u00ecnh th\u00e0nh th\u00f3i quen ch\u1ecdn l\u1ecdc k\u1ef9 l\u01b0\u1ee1ng, \u0111\u1eb7t tr\u1ecdng t\u00e2m v\u00e0o gi\u00e1 tr\u1ecb th\u1ef1c v\u00e0 kh\u1ea3 n\u0103ng ph\u1ea3n \u1ee9ng nhanh v\u1edbi nh\u1eefng thay \u0111\u1ed5i v\u1ec1 c\u01a1 c\u1ea5u v\u1ed1n c\u1ee7a t\u1eebng doanh nghi\u1ec7p c\u1ee5 th\u1ec3.<\/p>\n

B\u00e0i vi\u1ebft \u0111\u00e3 \u0111\u01b0\u1ee3c bi\u00ean t\u1eadp l\u1ea1i t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

D\u00f2ng ti\u1ec1n ch\u1ecdn l\u1ecdc v\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u00e2n h\u00f3a t\u00edch c\u1ef1c \u0111ang tr\u1edf th\u00e0nh tr\u1ea1ng th\u00e1i \u0111\u1ecbnh h\u00ecnh r\u00f5 n\u00e9t tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam trong giai \u0111o\u1ea1n g\u1ea7n \u0111\u00e2y. Thay v\u00ec v\u1eadn \u0111\u1ed9ng \u0111\u1ed3ng nh\u1ea5t nh\u01b0 nh\u1eefng \u0111\u1ee3t s\u00f3ng th\u1ecb tr\u01b0\u1eddng th\u01b0\u1eddng th\u1ea5y, c\u00e1c c\u1ed5 phi\u1ebfu hi\u1ec7n nay \u0111ang d\u1ecbch chuy\u1ec3n theo nh\u1eefng […]<\/p>\n","protected":false},"author":1,"featured_media":13102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-13104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chung-khoan-viet-nam"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/comments?post=13104"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13102"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}