Market Overview

The VN-Index experienced its largest rise in three weeks, closing 7.11 points higher after a previous session drop of 6.58 points. Trading volume on the Ho Chi Minh Stock Exchange surged by 22%, reaching VND10.390 trillion (approximately US$409.2 million).

Performance Highlights

Among the 30 largest capped stocks in the VN-30 basket, 24 tickers saw gains. Notably, MSN of Masan Group rose by 3.3%, VRE of Vincom Retail increased by 2.5%, and HDB of HDBank went up by 2.4%. However, not all stocks enjoyed gains; BCM, STB, and CTG were among the five blue chips that fell.

Foreign Investment Trends

Foreign investors were net sellers, offloading VND406 billion worth of stocks, primarily focusing on FPT Corporation and STB.

Regional Market Movements

The HNX-Index for the Hanoi Stock Exchange and the UPCoM-Index for the Unlisted Public Companies Market also saw increases, rising by 0.58% and 0.13%, respectively.

Global Market Context

Globally, European shares opened higher, with the pan-European STOXX 600 up by 0.3%. The UK's midcap index jumped 1.4% following a softer local inflation reading, while the FTSE 100 outperformed European peers, rising by 0.7%.