{"id":15062,"date":"2026-05-15T13:46:25","date_gmt":"2026-05-15T06:46:25","guid":{"rendered":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/tru-ngan-hang-va-suc-manh-luan-chuyen-tren-san-chung-khoan\/"},"modified":"2026-05-15T13:46:25","modified_gmt":"2026-05-15T06:46:25","slug":"tru-ngan-hang-va-suc-manh-luan-chuyen-tren-san-chung-khoan","status":"publish","type":"post","link":"https:\/\/taichinhphowall.com\/index.php\/2026\/05\/15\/tru-ngan-hang-va-suc-manh-luan-chuyen-tren-san-chung-khoan\/","title":{"rendered":"Tr\u1ee5 ng\u00e2n h\u00e0ng v\u00e0 s\u1ee9c m\u1ea1nh lu\u00e2n chuy\u1ec3n tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n"},"content":{"rendered":"
\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n trong phi\u00ean v\u1eeba qua \u0111\u00e3 ghi nh\u1eadn m\u1ed9t s\u1ef1 c\u1ed9ng h\u01b0\u1edfng hi\u1ebfm c\u00f3 gi\u1eefa nh\u00f3m c\u1ed5 phi\u1ebfu h\u1ecd Vin v\u00e0 nh\u00f3m ng\u00e2n h\u00e0ng, gi\u00fap VN-Index x\u00e1c l\u1eadp \u0111\u1ec9nh cao m\u1edbi. Tuy nhi\u00ean, khi nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a d\u00f2ng ti\u1ec1n, vi\u1ec7c tr\u1ee5 ng\u00e2n h\u00e0ng c\u00f3 \u0111\u1ee7 s\u1ee9c thay th\u1ebf hay kh\u00f4ng v\u1eabn l\u00e0 c\u00e2u h\u1ecfi l\u1edbn khi thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng s\u1ee5t gi\u1ea3m \u0111\u00e1ng k\u1ec3, t\u1ea1o ra m\u1ed9t ngh\u1ecbch l\u00fd v\u1ec1 s\u1ef1 \u0111\u1ed3ng thu\u1eadn gi\u1eefa ch\u1ec9 s\u1ed1 v\u00e0 th\u1ef1c t\u1ebf giao d\u1ecbch t\u1ea1i c\u00e1c nh\u00f3m ng\u00e0nh.<\/p>\n

\n \"Tr\u1ee5
\u1ea2nh t\u1eeb ngu\u1ed3n: vneconomy.vn<\/em><\/figcaption><\/figure>\n

S\u1ef1 c\u1ed9ng h\u01b0\u1edfng hi\u1ebfm c\u00f3 c\u1ee7a nh\u00f3m tr\u1ee5 ng\u00e2n h\u00e0ng<\/h2>\n

N\u1ed7 l\u1ef1c \u0111\u1ea3o chi\u1ec1u ngo\u1ea1n m\u1ee5c c\u1ee7a VIC v\u00e0 VHM \u0111\u00f3ng vai tr\u00f2 l\u00e0 “ng\u00f2i n\u1ed5” ch\u00ednh cho \u0111\u00e0 t\u0103ng 1,43% c\u1ee7a ch\u1ec9 s\u1ed1 chung. N\u1ebfu thi\u1ebfu \u0111i s\u1ef1 h\u1ed3i ph\u1ee5c \u1ea5n t\u01b0\u1ee3ng t\u1eeb nh\u00f3m n\u00e0y \u2013 \u0111\u1eb7c bi\u1ec7t l\u00e0 vi\u1ec7c VIC \u0111\u00f3ng c\u1eeda \u1edf \u0111\u1ec9nh l\u1ecbch s\u1eed m\u1edbi \u2013 th\u00ec s\u1ee9c m\u1ea1nh t\u1eeb c\u00e1c m\u00e3 nh\u01b0 VCB, BID, CTG, TCB, VPB kh\u00f3 c\u00f3 th\u1ec3 t\u1ea1o ra c\u00fa h\u00edch l\u1edbn nh\u01b0 v\u1eady. Th\u1ef1c t\u1ebf cho th\u1ea5y s\u1ef1 \u0111\u1ed3ng thu\u1eadn c\u1ee7a nh\u00f3m blue-chips ng\u00e2n h\u00e0ng trong phi\u00ean n\u00e0y l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u kh\u00e1 t\u1ed1t v\u00ec ch\u00fang \u0111ang n\u1eb1m \u1edf m\u1eb7t b\u1eb1ng gi\u00e1 th\u1ea5p.<\/p>\n

D\u00f9 v\u1eady, c\u1ea7n ph\u1ea3i nh\u00ecn nh\u1eadn r\u1eb1ng d\u00f2ng ti\u1ec1n v\u00e0o nh\u00f3m t\u00e0i ch\u00ednh v\u1eabn c\u00f2n s\u1ef1 ph\u00e2n h\u00f3a r\u00f5 r\u1ec7t. Trong khi BID hay VPB th\u1ec3 hi\u1ec7n s\u1ee9c m\u1ea1nh ng\u1eafn h\u1ea1n kh\u00e1 n\u00e9t, th\u00ec VCB, CTG, TCB d\u01b0\u1eddng nh\u01b0 m\u1edbi ch\u1ec9 d\u1eebng l\u1ea1i \u1edf nh\u1eefng nh\u1ecbp dao \u0111\u1ed9ng \u0111\u01a1n l\u1ebb. Quan tr\u1ecdng h\u01a1n, thanh kho\u1ea3n c\u1ee7a nh\u00f3m ng\u00e2n h\u00e0ng tr\u00ean s\u00e0n HOSE l\u1ea1i ghi nh\u1eadn m\u1ee9c s\u1ee5t gi\u1ea3m 17% so v\u1edbi phi\u00ean tr\u01b0\u1edbc, cho th\u1ea5y s\u1ef1 ho\u00e0i nghi c\u1ee7a d\u00f2ng ti\u1ec1n l\u1edbn trong vi\u1ec7c duy tr\u00ec m\u1eb7t b\u1eb1ng gi\u00e1 m\u1edbi. \u0110i\u1ec1u n\u00e0y g\u1ee3i nh\u1edb \u0111\u1ebfn nh\u1eefng th\u00e1ch th\u1ee9c m\u00e0 c\u00e1c c\u1ed5 phi\u1ebfu l\u1edbn t\u1eebng \u0111\u1ed1i m\u1eb7t khi ch\u1ecbu \u00e1p l\u1ef1c t\u1eeb c\u00e1c ti\u00eau chu\u1ea9n ch\u1ec9 s\u1ed1, t\u01b0\u01a1ng t\u1ef1 nh\u01b0 t\u00ecnh c\u1ea3nh c\u1ee7a c\u1ed5 phi\u1ebfu Bluemarq Group v\u00e0 th\u00e1ch th\u1ee9c t\u1eeb b\u1ed9 ch\u1ec9 s\u1ed1 FTSE Russell<\/a> trong giai \u0111o\u1ea1n tr\u01b0\u1edbc.<\/p>\n

Thanh kho\u1ea3n v\u00e0 ngh\u1ecbch l\u00fd tr\u00ean s\u00e0n ch\u1ee9ng kho\u00e1n<\/h2>\n

V\u1ea5n \u0111\u1ec1 c\u00f2n l\u1ea1i n\u1eb1m \u1edf d\u00f2ng ti\u1ec1n. Sau phi\u00ean giao d\u1ecbch s\u00f4i \u0111\u1ed9ng, thanh kho\u1ea3n kh\u1edbp l\u1ec7nh to\u00e0n th\u1ecb tr\u01b0\u1eddng s\u1ee5t gi\u1ea3m t\u1edbi 28%, xu\u1ed1ng c\u00f2n 18,8 ngh\u00ecn t\u1ef7 \u0111\u1ed3ng \u2013 m\u1ee9c th\u1ea5p nh\u1ea5t trong v\u00f2ng 8 phi\u00ean. S\u1ef1 s\u1ee5t gi\u1ea3m n\u00e0y kh\u00f4ng ch\u1ec9 l\u00e0 y\u1ebfu t\u1ed1 th\u1eddi \u0111i\u1ec3m quanh k\u1ef3 ngh\u1ec9 l\u1ec5 m\u00e0 c\u00f2n ph\u1ea3n \u00e1nh s\u1ef1 th\u1eadn tr\u1ecdng c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u01b0\u1edbc c\u00e1c bi\u1ebfn \u0111\u1ed9ng kh\u00f3 l\u01b0\u1eddng c\u1ee7a th\u1ecb tr\u01b0\u1eddng. Vi\u1ec7c thanh kho\u1ea3n co h\u1eb9p ngay c\u1ea3 khi ch\u1ec9 s\u1ed1 v\u01b0\u1ee3t \u0111\u1ec9nh cho th\u1ea5y s\u1ef1 thi\u1ebfu h\u1ee5t “nhi\u00ean li\u1ec7u” \u0111\u1ec3 lan t\u1ecfa \u0111\u00e0 t\u0103ng ra to\u00e0n th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Kho\u1ea3ng 60% thanh kho\u1ea3n hi\u1ec7n \u0111ang t\u1eadp trung v\u00e0o r\u1ed5 VN30, nh\u01b0ng th\u1ef1c ch\u1ea5t \u00e1p l\u1ef1c d\u00f2ng ti\u1ec1n ch\u1ec9 t\u1eadp trung v\u00e0o kho\u1ea3ng 10 m\u00e3 ch\u1ee7 ch\u1ed1t. C\u00e1c ch\u1ec9 s\u1ed1 ph\u1ee5 nh\u01b0 Midcap v\u1eabn \u0111ang trong tr\u1ea1ng th\u00e1i l\u1edd \u0111\u1edd, trong khi Smallcap v\u1eabn ch\u01b0a cho th\u1ea5y t\u00edn hi\u1ec7u r\u00f5 r\u00e0ng v\u1ec1 vi\u1ec7c t\u1ea1o \u0111\u00e1y. Th\u1ecb tr\u01b0\u1eddng d\u00f9 xanh \u0111i\u1ec3m nh\u01b0ng c\u01a1 h\u1ed9i \u0111\u1ec3 d\u00f2ng ti\u1ec1n lan t\u1ecfa v\u1eabn l\u00e0 m\u1ed9t b\u00e0i to\u00e1n kh\u00f3, \u0111\u1eb7c bi\u1ec7t khi nh\u00ecn v\u00e0o nh\u1eefng k\u1ef3 kinh doanh k\u00e9m kh\u1ea3 quan c\u1ee7a nhi\u1ec1u doanh nghi\u1ec7p, nh\u01b0 tr\u01b0\u1eddng h\u1ee3p \u00f4 t\u00f4 PTM v\u00e0 k\u1ef3 kinh doanh k\u00e9m nh\u1ea5t k\u1ec3 t\u1eeb khi b\u1eaft tay SAIC Motor Vi\u1ec7t Nam<\/a>. \u0110\u00e2y l\u00e0 b\u1eb1ng ch\u1ee9ng cho th\u1ea5y s\u1ef1 ch\u1ecdn l\u1ecdc kh\u1eaft khe c\u1ee7a d\u00f2ng ti\u1ec1n trong b\u1ed1i c\u1ea3nh v\u0129 m\u00f4 c\u00f2n nhi\u1ec1u bi\u1ebfn s\u1ed1.<\/p>\n

D\u00f2ng ti\u1ec1n lu\u00e2n chuy\u1ec3n v\u00e0 hy v\u1ecdng v\u00e0o s\u1ef1 \u0111\u1ed3ng thu\u1eadn<\/h2>\n

\u0110\u1ec3 VN-Index c\u00f3 th\u1ec3 b\u1ec1n v\u1eefng \u1edf v\u00f9ng \u0111\u1ec9nh m\u1edbi, s\u1ee9c m\u1ea1nh t\u1eeb nh\u00f3m d\u1eabn d\u1eaft l\u00e0 ch\u01b0a \u0111\u1ee7. D\u00f2ng ti\u1ec1n c\u1ea7n s\u1ef1 \u0111\u1ed3ng thu\u1eadn cao h\u01a1n thay v\u00ec ch\u1ec9 tr\u00f4ng ch\u1edd v\u00e0o s\u1ef1 lu\u00e2n chuy\u1ec3n gi\u1eefa v\u00e0i tr\u1ee5 c\u1ed9t. N\u1ebfu d\u00f2ng ti\u1ec1n c\u00f3 s\u1ef1 d\u1ecbch chuy\u1ec3n m\u1ea1nh m\u1ebd h\u01a1n sang nh\u00f3m ng\u00e2n h\u00e0ng \u0111ang b\u1ecb \u0111\u1ecbnh gi\u00e1 th\u1ea5p, \u0111\u00f3 c\u00f3 th\u1ec3 l\u00e0 l\u1ef1c \u0111\u1ee1 thay th\u1ebf c\u1ea7n thi\u1ebft. Ng\u01b0\u1ee3c l\u1ea1i, v\u1edbi d\u00f2ng ti\u1ec1n y\u1ebfu nh\u01b0 hi\u1ec7n t\u1ea1i, vi\u1ec7c k\u1ef3 v\u1ecdng v\u00e0o c\u00e1c bi\u1ebfn \u0111\u1ed9ng l\u1edbn \u1edf ph\u1ea7n c\u00f2n l\u1ea1i c\u1ee7a th\u1ecb tr\u01b0\u1eddng l\u00e0 kh\u00e1 xa v\u1eddi.<\/p>\n

Nh\u00ecn v\u00e0o b\u1ee9c tranh t\u1ed5ng th\u1ec3, th\u1ecb tr\u01b0\u1eddng xanh t\u1ed1t h\u00f4m nay l\u00e0 m\u1ed9t t\u00edn hi\u1ec7u t\u00edch c\u1ef1c v\u1ec1 m\u1eb7t t\u00e2m l\u00fd, nh\u01b0ng v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0, vi\u1ec7c l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu t\u1ea1i m\u1eb7t b\u1eb1ng gi\u00e1 th\u1ea5p v\u00e0 c\u00f3 v\u00f9ng t\u00edch l\u0169y c\u1ee7ng c\u1ed1 s\u1ebd lu\u00f4n l\u00e0 chi\u1ebfn l\u01b0\u1ee3c an to\u00e0n h\u01a1n c\u1ea3. D\u00f9 c\u00f3 nh\u1eefng nh\u1ecbp \u0111i\u1ec7u ri\u00eang nh\u01b0 phi\u00ean kh\u1ed1i ngo\u1ea1i b\u1ea5t ng\u1edd mua r\u00f2ng trong phi\u00ean giao d\u1ecbch \u0111\u1ea7y bi\u1ebfn \u0111\u1ed9ng<\/a> v\u1eeba qua, nh\u01b0ng th\u1ecb tr\u01b0\u1eddng v\u1eabn \u0111ang c\u1ea7n th\u00eam th\u1eddi gian \u0111\u1ec3 ch\u1ee9ng minh s\u1ef1 b\u1ec1n b\u1ec9 c\u1ee7a xu h\u01b0\u1edbng t\u0103ng hi\u1ec7n t\u1ea1i.<\/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":"

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n trong phi\u00ean v\u1eeba qua \u0111\u00e3 ghi nh\u1eadn m\u1ed9t s\u1ef1 c\u1ed9ng h\u01b0\u1edfng hi\u1ebfm c\u00f3 gi\u1eefa nh\u00f3m c\u1ed5 phi\u1ebfu h\u1ecd Vin v\u00e0 nh\u00f3m ng\u00e2n h\u00e0ng, gi\u00fap VN-Index x\u00e1c l\u1eadp \u0111\u1ec9nh cao m\u1edbi. Tuy nhi\u00ean, khi nh\u00ecn s\u00e2u v\u00e0o b\u1ea3n ch\u1ea5t c\u1ee7a d\u00f2ng ti\u1ec1n, vi\u1ec7c tr\u1ee5 ng\u00e2n h\u00e0ng c\u00f3 \u0111\u1ee7 s\u1ee9c thay th\u1ebf hay […]<\/p>\n","protected":false},"author":1,"featured_media":15059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[44],"tags":[],"class_list":["post-15062","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\/15062","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=15062"}],"version-history":[{"count":0,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/posts\/15062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media\/15059"}],"wp:attachment":[{"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/media?parent=15062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/categories?post=15062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taichinhphowall.com\/index.php\/wp-json\/wp\/v2\/tags?post=15062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}