Market Overview
The VN-Index experienced a minor decline, closing 3.56 points lower, following a 3.46 point drop in the previous session. Trading volume on the Ho Chi Minh Stock Exchange saw a 5% increase, reaching VND12.031 trillion (US$477.5 million).
Performance of Key Stocks
Within the VN-30 basket, which includes the 30 largest capped stocks, 24 tickers fell. Notably, HDB of HDBank led the declines with a 2.9% drop, followed by BVH of Bao Viet Holdings and BCM of Becamex Investment and Industrial Development, which fell 2.5% and 1.9%, respectively.
On a brighter note, three blue chips gained ground. SSB of SeABank rose by 1.6%, STB of Sacombank increased by 0.8%, and SAB of Sabeco saw a modest 0.2% rise.
Foreign Investment Trends
Foreign investors were net sellers, offloading VND249 billion worth of stocks, with significant sales in FPT Corporation and FPT Digital Retail.
Other Market Movements
The HNX-Index for the Hanoi Stock Exchange fell by 0.45%, while the UPCoM-Index for the Unlisted Public Companies Market saw a slight increase of 0.23%.
Global Market Context
Globally, stocks rose as new policies from U.S. President Donald Trump and strong corporate earnings boosted investor optimism. However, tariff uncertainties kept the dollar near two-week lows. Netflix shares surged 14% after-hours due to a record number of new subscribers, influencing Nasdaq and S&P 500 futures positively in Asia.
Japan's Nikkei jumped 1.6%, reflecting Wall Street's gains. However, MSCI's Asia-Pacific shares outside Japan index fell 0.1%, impacted by declines in Chinese and Hong Kong stocks.
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