VN-Index rose despite profit-taking pressure (VN-Index +0.87%)
• The VN-Index opened highly, strong buying continued into the last session.
• After the opening session, the index briefly declined, but soon regained upward momentum. However, profit-taking was observed, indicating a potential shift into a correction phase.
• Bullish momentum was sustained early this week. VN-Index has been climbing continuously since June 17.
• Real-estate and Financial sectors leaded the market raising.
• Market breadth included 206 winners, 117 losers, and 43 unchanged.
• Liquidity declined by 1.6 % from the previous session to VND 31.4 trillion.
VN-30 continued to play a key role (VN30 +0.73%)
• The basket saw 18 gainers, 11 decliners, and 1 unchanged.
• VIC (+4.63%) continued to lead the group of top gainers, followed by VPB with a gain of +4.22%.
• On the other side, MSN (-1.57%) and VJC (-1.00%) were the biggest losers.
Sectors and stocks daily highlights
• VASEP reports Vietnamese shrimp face three U.S. tariffs (reciprocal, anti-dumping, countervailing) and rising farming costs. Still, Vietnam led prices in May at $5.10/lb, reflecting its premium positioning.
• VJC (-1.00%) won a VND 1,543 billion contract at Long Thanh Airport to build aircraft maintenance facilities No. 3 and 4, serving domestic carriers. Completion is targeted for 2025, with operations in 2026.
• Foreign investors net bought VND 23.34 billion today, and VPB (+4.22%) was the most net-bought stock. On the other hand, HPG (-0.96%) was the most heavily net sold.
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