VN-Index stalls at resistance (VN-Index -0.08%)
• VN-Index opened with a gain and remained green for 45 minutes amid weak liquidity.
• As the VN-Index neared the strong resistance level of 1,370 points, the absence of supporting news triggered a cautious mood, leading investors to reduce their trading intensity.
• For the rest of the session, the market traded in a narrow range as liquidity slowed down and closed down.
• Except for a segment of investors targeting small- and mid-cap speculative stocks for short-term gains—such as LDG (+6.8%) and SVD (+6.73%), which hit their ceiling early—most sectors and stock groups saw little price movement.
• Market breadth included 141 winners, 155 losers and 59 unchanged.
• Liquidity declined by 11.3% to VND 19.2 trillion.
VN-30 posted a steeper decline (VN30 -0.12%)
• Within the VN30 basket, 10 stocks advanced, 16 declined, and 4 remained unchanged.
• MSN (+2.42%) led the gainers, with notable support from GAS (+1.48%), MBB (+1.17%), and TCB (+0.74%).
• On the downside, VHM (-2.44%) was the biggest drag, while most other decliners posted losses of less than 1%.
Sectors and stocks daily highlights
• SCS (+4.15%) reported VND 490 billion in revenue and VND 370 billion in pre-tax profit by end-May, achieving 43% of its 2025 target, as shared at the June 26 AGM. Management also plans to bid for the upcoming Cargo Terminal 2 project at Long Thanh Airport.
• Techcom Securities (TCBS) has approved plans for an IPO and listing on HoSE, offering up to 231 million shares (11.11% of charter capital). Post-IPO, capital is expected to reach VND 23,113 billion, maintaining its lead in the sector. The IPO is planned for Q3 2025 to Q1 2026, depending on market conditions.
• Foreign investors returned to net selling with a value of VND 400 billion. FPT (-0.09%) and HPG (+0.66%) were the most heavily sold, while GEX (0.00%) topped the list of net buys.
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