VN-Index surged amidst tariffs developments (VN-Index +0.96%)
- VN-Index started high above the reference market, inheriting the momentum after surpassing the 1,400 level in the previous day.
- Investors’ sentiment were further fuel by higher U.S tariffs announcement for other countries as compared to Vietnam. As such, the market maintained a high level thanks to Real Estate and Steel sectors.
- Nevertheless, profit-taking pressures pulled the market down toward the end of the morning.
- In the afternoon session, the Banking sector turned from divergence to positive and led the market up significantly.
- Market breadth included 217 winners, 92 losers, and 58 unchanged.
- Liquidity edged up 4.0% to VND 28.3 trillion.
VN-30 saw overwhelming gains (VN-30 +1.37%)
- The basket recorded 23 increasing stocks, 2 decreasing stocks and 5 staying the same.
- VJC (+5.56%) and HPG (+4.66%) stood out above the rest in terms of gains, followed by VHM (+2.99%), SSI (+2.85%), BCM (+2.27%).
- BVH (-1.10%) and TPB (-1.06%) were the only decliners.
Sectors and stocks daily highlights
- Textile and garments producers TCM (+2.25%), MSH (+2.04%), EVE (+1.89%) jumped as Vietnam’s main competitor, Bangladesh, was applied a tariff rate of 35%.
- TPB (-1.06%) retreated as the bank’s former vice chairman was prosecuted by the police for the crime of fraudulent appropriation of property.
- Foreign investors net bought strongly by VND 1,282 billion today. HPG (+4.66%) was the primary focus of foreign buying. On the other hand, VCB (+0.68%) and MWG (+1.05%) were the most net sold stocks.
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