Stocks Begin the Week on a Positive Note

The index saw an increase of 5.17 points, a rebound from the previous session's 15.29-point drop. Trading on the Ho Chi Minh Stock Exchange surged by 8%, reaching VND12.119 trillion (US$477.3 million).

Performance of Key Stocks

Within the VN-30 basket, which includes the 30 largest capped stocks, 18 tickers experienced gains. Notably, PLX of fuel distributor Petrolimex increased by 2.1%, SSI of brokerage SSI Securities Corporation rose by 1.9%, and TCB of private lender Techcombank saw a 1.7% rise.

However, not all was positive as seven blue chips gained, while VPB of private lender VPBank slipped 1.1%, VRE of retail real estate arm Vincom Retail dropped 0.9%, and MSN of conglomerate Masan Group closed 0.8% lower.

Foreign Investors' Activity

Foreign investors were net sellers, offloading VND73 billion worth of shares, primarily from FPT of IT giant FPT Corporation and CTG of state-owned lender VietinBank.

Global Market Trends

Globally, stocks declined following a strong U.S. jobs report, casting doubts on potential interest rate cuts this year. In Europe, equities fell for the second consecutive day, with the STOXX 600 and Germany's DAX both experiencing drops. Meanwhile, in Asia, a holiday in Japan led to thin trading, and Chinese blue chips fell 0.3% despite a surprising rise in exports.