Market Recovery in Full Swing

The stock market has shown remarkable resilience, closing 10 points higher today, marking an 18% rebound from its 18-month low in early April. This surge follows the announcement of steep reciprocal tariffs by U.S. President Donald Trump.

Trading Volume Skyrockets

Trading on the Ho Chi Minh Stock Exchange witnessed a significant 10% increase, reaching VND23.90 trillion (US$921 million), signaling strong investor confidence.

Top Performers and Decliners

The VN30 basket, which includes the 30 largest capped stocks, saw 20 tickers in the green. MWG of electronics retail chain Mobile World led the charge with a 4.4% increase, closely followed by CTG of state-owned lender VietinBank, up 4.1%. On the downside, nine blue chips experienced declines, with SSB of SeABank dropping 1.6%.

Foreign Investment Inflows

Foreign investors emerged as net buyers, injecting VND977 billion into the market, with a keen interest in VCB of Vietcombank and STB of Sacombank.

Broader Market Movements

The HNX-Index for mid and small caps on the Hanoi Stock Exchange climbed 0.78%, while the UPCoM-Index for unlisted public companies rose by 1.03%, indicating a widespread market upturn.