{"id":13418,"date":"2026-05-05T15:49:14","date_gmt":"2026-05-05T08:49:14","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/chung-khoan-thang-5-va-xac-suat-tang-diem-duoi-goc-nhin-lich-su\/"},"modified":"2026-05-05T15:49:14","modified_gmt":"2026-05-05T08:49:14","slug":"chung-khoan-thang-5-va-xac-suat-tang-diem-duoi-goc-nhin-lich-su","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/05\/chung-khoan-thang-5-va-xac-suat-tang-diem-duoi-goc-nhin-lich-su\/","title":{"rendered":"Ch\u1ee9ng kho\u00e1n th\u00e1ng 5 v\u00e0 x\u00e1c su\u1ea5t t\u0103ng \u0111i\u1ec3m d\u01b0\u1edbi g\u00f3c nh\u00ecn l\u1ecbch s\u1eed"},"content":{"rendered":"
\n

Ch\u1ee9ng kho\u00e1n th\u00e1ng 5 th\u01b0\u1eddng mang \u0111\u1ebfn nhi\u1ec1u t\u00e2m t\u01b0 cho gi\u1edbi \u0111\u1ea7u t\u01b0 khi \u0111\u1ed1i m\u1eb7t v\u1edbi hi\u1ec7u \u1ee9ng \u201cSell in May\u201d kinh \u0111i\u1ec3n. Tuy nhi\u00ean, vi\u1ec7c b\u00f3c t\u00e1ch d\u1eef li\u1ec7u l\u1ecbch s\u1eed l\u1ea1i cho th\u1ea5y nh\u1eefng gam m\u00e0u s\u00e1ng t\u1ed1i \u0111an xen, thay v\u00ec ch\u1ec9 l\u00e0 n\u1ed7i lo s\u1ee3 v\u1ec1 m\u1ed9t chu k\u1ef3 tho\u00e1i tr\u00e0o. Th\u1ef1c t\u1ebf, khi th\u1ecb tr\u01b0\u1eddng b\u01b0\u1edbc v\u00e0o th\u00e1ng 5 v\u1edbi nh\u1eefng n\u1ec1n t\u1ea3ng t\u00edch l\u0169y t\u1eeb th\u00e1ng 4, c\u00e1c con s\u1ed1 th\u1ed1ng k\u00ea \u0111ang v\u1ebd n\u00ean m\u1ed9t b\u1ee9c tranh v\u1edbi x\u00e1c su\u1ea5t t\u0103ng \u0111i\u1ec3m v\u01b0\u1ee3t ng\u01b0\u1ee1ng 50%, c\u1ee7ng c\u1ed1 th\u00eam ni\u1ec1m tin cho ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m.<\/p>\n

\n \"Ch\u1ee9ng
\u1ea2nh t\u1eeb ngu\u1ed3n: cafef.vn<\/em><\/figcaption><\/figure>\n

B\u1ea3n ch\u1ea5t x\u00e1c su\u1ea5t t\u0103ng \u0111i\u1ec3m tr\u00ean th\u1ecb tr\u01b0\u1eddng th\u00e1ng 5<\/h2>\n

\u00d4ng Nguy\u1ec5n Th\u1ebf Minh, Gi\u00e1m \u0111\u1ed1c Ng\u00e2n h\u00e0ng \u0111\u1ea7u t\u01b0 Ch\u1ee9ng kho\u00e1n An B\u00ecnh (ABS), \u0111\u00e3 \u0111\u01b0a ra nh\u1eefng g\u00f3c nh\u00ecn mang t\u00ednh h\u1ec7 th\u1ed1ng d\u1ef1a tr\u00ean l\u1ecbch s\u1eed ch\u1ec9 s\u1ed1 S&P 500. Nh\u1eefng giai \u0111o\u1ea1n m\u00e0 ch\u1ec9 s\u1ed1 ghi nh\u1eadn m\u1ee9c t\u0103ng tr\u01b0\u1edfng tr\u00ean 5% trong th\u00e1ng 4 th\u01b0\u1eddng l\u00e0 ti\u1ec1n \u0111\u1ec1 cho m\u1ed9t xu h\u01b0\u1edbng b\u1ec1n b\u1ec9 h\u01a1n trong ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a n\u0103m. \u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, d\u1eef li\u1ec7u c\u0169ng cho th\u1ea5y s\u1ef1 \u0111\u1ed3ng \u0111i\u1ec7u \u0111\u00e1ng ng\u1ea1c nhi\u00ean. Nh\u1eefng n\u0103m m\u00e0 VN-Index c\u00f3 \u0111\u00e0 b\u1ee9t ph\u00e1 tr\u00ean 5% v\u00e0o th\u00e1ng 4, x\u00e1c su\u1ea5t th\u1ecb tr\u01b0\u1eddng ti\u1ebfp t\u1ee5c duy tr\u00ec tr\u1ea1ng th\u00e1i t\u00edch c\u1ef1c trong th\u00e1ng 5 lu\u00f4n cao h\u01a1n m\u1ee9c 50%. \u0110\u00e2y kh\u00f4ng ch\u1ec9 l\u00e0 c\u00e2u chuy\u1ec7n c\u1ee7a x\u00e1c su\u1ea5t thu\u1ea7n t\u00fay, m\u00e0 l\u00e0 k\u1ebft qu\u1ea3 c\u1ee7a qu\u00e1n t\u00ednh d\u00f2ng ti\u1ec1n v\u00e0 t\u00e2m l\u00fd th\u1ecb tr\u01b0\u1eddng \u0111\u01b0\u1ee3c \u0111\u1ecbnh h\u00ecnh sau c\u00e1c k\u1ef3 c\u00f4ng b\u1ed1 b\u00e1o c\u00e1o k\u1ebft qu\u1ea3 kinh doanh qu\u00fd I\/2026.<\/p>\n

D\u00f2ng ti\u1ec1n co c\u1ee5m v\u00e0 nh\u1eefng b\u1ebfn \u0111\u1ed7 an to\u00e0n<\/h2>\n

Trong b\u1ed1i c\u1ea3nh th\u1ecb tr\u01b0\u1eddng thi\u1ebfu v\u1eafng nh\u1eefng l\u00e0n gi\u00f3 m\u1edbi t\u1eeb th\u00f4ng tin h\u1ed7 tr\u1ee3, d\u00f2ng ti\u1ec1n \u0111ang cho th\u1ea5y d\u1ea5u hi\u1ec7u tr\u1edf n\u00ean d\u00e8 d\u1eb7t h\u01a1n. Thay v\u00ec \u0111\u1ed5 x\u00f4 v\u00e0o c\u00e1c nh\u00f3m c\u1ed5 phi\u1ebfu th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng nh\u01b0 tr\u01b0\u1edbc, d\u00f2ng v\u1ed1n c\u00f3 xu h\u01b0\u1edbng t\u00ecm v\u1ec1 c\u00e1c b\u1ebfn \u0111\u1ed7 an to\u00e0n h\u01a1n. S\u1ef1 co c\u1ee5m n\u00e0y ph\u1ea3n \u00e1nh chi\u1ebfn l\u01b0\u1ee3c \u01b0u ti\u00ean b\u1ea3o to\u00e0n gi\u00e1 tr\u1ecb c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0. Thay v\u00ec m\u1ea1o hi\u1ec3m trong giai \u0111o\u1ea1n c\u1eadn \u0111\u1ec9nh c\u0169, d\u00f2ng ti\u1ec1n \u0111ang t\u1eadp trung gi\u1eef nh\u1ecbp t\u1ea1i c\u00e1c nh\u00f3m ng\u00e0nh c\u00f3 n\u1ec1n t\u1ea3ng n\u1ed9i t\u1ea1i v\u1eefng ch\u1eafc, \u0111\u01a1n c\u1eed nh\u01b0 h\u1ec7 sinh th\u00e1i Vingroup, kh\u1ed1i b\u1ea5t \u0111\u1ed9ng s\u1ea3n d\u00e2n c\u01b0, ng\u00e2n h\u00e0ng hay l\u0129nh v\u1ef1c x\u00e2y d\u1ef1ng v\u00e0 v\u1eadt li\u1ec7u x\u00e2y d\u1ef1ng. S\u1ef1 d\u1ecbch chuy\u1ec3n n\u00e0y t\u01b0\u01a1ng \u0111\u1ed3ng v\u1edbi c\u00e1c qu\u00e1 tr\u00ecnh t\u00e1i c\u1ea5u tr\u00fac ngu\u1ed3n v\u1ed1n trong doanh nghi\u1ec7p, nh\u01b0 c\u00e1ch ch\u00fang ta \u0111\u00e3 ch\u1ee9ng ki\u1ebfn qua c\u00e1c b\u00e0i h\u1ecdc v\u1ec1 s\u1ef1 d\u1ecbch chuy\u1ec3n d\u00f2ng v\u1ed1n doanh nghi\u1ec7p t\u1ea1i Petrolimex<\/a> hay nh\u1eefng n\u1ed7 l\u1ef1c \u1ed5n \u0111\u1ecbnh t\u00e0i ch\u00ednh th\u00f4ng qua vi\u1ec7c F88 chi tr\u1ea3 c\u1ed5 t\u1ee9c b\u1eb1ng ti\u1ec1n m\u1eb7t cho c\u1ed5 \u0111\u00f4ng trong n\u0103m 2026<\/a>. Trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng m\u00e0 thanh kho\u1ea3n ch\u1ec9 gia t\u0103ng khi c\u00f3 c\u00e1c nh\u1ecbp \u0111i\u1ec1u ch\u1ec9nh, t\u00ednh ch\u1ecdn l\u1ecdc tr\u1edf th\u00e0nh th\u01b0\u1edbc \u0111o duy nh\u1ea5t \u0111\u1ec3 duy tr\u00ec v\u1ecb th\u1ebf.<\/p>\n

Ngh\u1ecbch l\u00fd t\u1eeb c\u00e1c k\u00eanh \u0111\u1ea7u t\u01b0 thay th\u1ebf<\/h2>\n

Nh\u00ecn s\u00e2u v\u00e0o b\u1ee9c tranh t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u, ch\u00fang ta th\u1ea5y m\u1ed9t s\u1ef1 ph\u00e2n h\u00f3a r\u00f5 r\u1ec7t. Trong khi ch\u1ee9ng kho\u00e1n ch\u00e2u \u00c1 \u0111ang cho th\u1ea5y s\u1ee9c h\u1ea5p d\u1eabn v\u01b0\u1ee3t tr\u1ed9i so v\u1edbi c\u00e1c k\u00eanh kh\u00e1c, th\u00ec th\u1ecb tr\u01b0\u1eddng tr\u00e1i phi\u1ebfu l\u1ea1i ch\u1ee9ng ki\u1ebfn \u00e1p l\u1ef1c r\u00fat v\u1ed1n \u0111\u00e1ng k\u1ec3. S\u1ef1 lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t \u0111ang \u00e2m \u1ec9 quay tr\u1edf l\u1ea1i khi gi\u00e1 d\u1ea7u Brent li\u00ean t\u1ee5c \u0111i l\u00ean do nh\u1eefng c\u0103ng th\u1eb3ng \u0111\u1ecba ch\u00ednh tr\u1ecb ch\u01b0a c\u00f3 h\u1ed3i k\u1ebft. Trong khi \u0111\u00f3, c\u00e1c kim lo\u1ea1i qu\u00fd nh\u01b0 v\u00e0ng v\u00e0 b\u1ea1c v\u1eabn \u0111ang loay hoay trong xu h\u01b0\u1edbng gi\u1ea3m ng\u1eafn v\u00e0 trung h\u1ea1n, d\u00f9 ch\u1ec9 s\u1ed1 USD c\u00f3 nh\u1eefng th\u1eddi \u0111i\u1ec3m suy y\u1ebfu t\u1eeb t\u00e1c \u0111\u1ed9ng can thi\u1ec7p ti\u1ec1n t\u1ec7 c\u1ee7a Nh\u1eadt B\u1ea3n. Nh\u1eefng di\u1ec5n bi\u1ebfn n\u00e0y minh ch\u1ee9ng cho vi\u1ec7c th\u1ecb tr\u01b0\u1eddng \u0111ang \u1edf trong giai \u0111o\u1ea1n \u201c\u0111\u00e3i c\u00e1t t\u00ecm v\u00e0ng\u201d, \u0111\u00f2i h\u1ecfi nh\u00e0 \u0111\u1ea7u t\u01b0 ph\u1ea3i c\u00f3 c\u00e1i nh\u00ecn \u0111a chi\u1ec1u h\u01a1n l\u00e0 ch\u1ec9 d\u1ef1a v\u00e0o c\u00e1c k\u1ecbch b\u1ea3n k\u1ef9 thu\u1eadt \u0111\u01a1n thu\u1ea7n, nh\u01b0 tr\u01b0\u1eddng h\u1ee3p ph\u1ee9c t\u1ea1p t\u1ea1i th\u1ecb tr\u01b0\u1eddng b\u1ea1c v\u1edbi hai k\u1ecbch b\u1ea3n k\u1ef9 thu\u1eadt tu\u1ea7n m\u1edbi<\/a>.<\/p>\n

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

Ch\u1ee9ng kho\u00e1n th\u00e1ng 5 th\u01b0\u1eddng mang \u0111\u1ebfn nhi\u1ec1u t\u00e2m t\u01b0 cho gi\u1edbi \u0111\u1ea7u t\u01b0 khi \u0111\u1ed1i m\u1eb7t v\u1edbi hi\u1ec7u \u1ee9ng \u201cSell in May\u201d kinh \u0111i\u1ec3n. Tuy nhi\u00ean, vi\u1ec7c b\u00f3c t\u00e1ch d\u1eef li\u1ec7u l\u1ecbch s\u1eed l\u1ea1i cho th\u1ea5y nh\u1eefng gam m\u00e0u s\u00e1ng t\u1ed1i \u0111an xen, thay v\u00ec ch\u1ec9 l\u00e0 n\u1ed7i lo s\u1ee3 v\u1ec1 m\u1ed9t chu k\u1ef3 […]<\/p>\n","protected":false},"author":1,"featured_media":13416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-13418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tong-quan-thi-truong"],"_links":{"self":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13418","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=13418"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/13418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/13416"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=13418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=13418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=13418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}