Stock market week 3-7/3: VN-Index likely to fluctuate around 1,296

VN-Index surpasses 1,300 points; 10 potential stocks when the market is upgraded; Dividend payment schedule; BCG group stocks plummet across the board.

VN-Index surpasses 1,300 points

The stock market ended February on a positive note, continuing its five-week winning streak and successfully conquering the psychological resistance level of 1,300 points after eight months.

However, the VN-Index quickly fluctuated around this level for the remaining four sessions of the week, even falling below 1,296 points in two trading sessions. Trading volume remained high last week despite profit-taking pressure.

Positive trading activity was observed across various sectors, with mid- and small-cap stocks showing more vigor than large-cap stocks. The VN-Index closed the week at 1,305.36 points, up 8.61 points (+0.66%).

Steel, securities, and real estate stocks led the market (Photo: SSI iBoard)

Leading the market's upward momentum and trading sentiment last week were sectors such as: Steel (+6.30%), securities (+4.26%), seafood (+2.70%), industrial real estate (+2.34%)... Conversely, downward pressure overshadowed some sectors: Consumer goods (-3.88%), aviation (-2.39%), insurance (-1.89%)...

Regarding foreign investor activity, foreign capital continued its strong net selling trend at the beginning of the week, including a surge in selling worth trillions of VND on the last trading day of the week. Cumulatively over 5 sessions, foreign investors have net sold 2,747 billion VND across the entire market.

Bamboo Capital shares plummet.

According to observations on the stock market last week, the Bamboo Capital group of stocks did not perform very well.

Specifically, BCG (Bamboo Capital JSC, HOSE) lost 6% of its value compared to the beginning of the week, closing the February 28th session at 5,760 VND/share. BCR (BCG Land, HOSE) decreased by 4%; BGE (BCG Energy, HOSE) fell by more than 8%.

Not only did their prices fall sharply, but the Bamboo Capital group of stocks also recorded a surge in liquidity under selling pressure from investors.

Shares of BCG Land's "group" companies plummeted across the board (Image: Internet)

Accordingly, Bamboo Capital Group Joint Stock Company announced that it had been notified by the competent authority of the decision to initiate a criminal case and the decision to prosecute Mr. Nguyen Ho Nam on February 28, 2025.

BCG announced that as of April 27, 2024, Mr. Nguyen Ho Nam has resigned and no longer holds any positions on the Board of Directors, Supervisory Board, or Executive Board of the Company. The Company's production and business activities continue as normal.

Regarding issues related to this case, the company stated that it will disclose information transparently in accordance with legal regulations to protect the rights of shareholders.

The State Securities Commission of Vietnam (UBCKNN) is working with FTSE Russell to update on the progress of upgrading the Vietnamese stock market.

At the end of February, the Chairwoman of the State Securities Commission (SSC), Vu Thi Chan Phuong, chaired a meeting with representatives of the market rating organization FTSE Russell.   This aims to provide updates on the regulatory authorities' efforts to promote the upgrading of the Vietnamese stock market.

At the meeting, the Chairwoman of the State Securities Commission (SSC), Vu Thi Chan Phuong, stated that in recent times, the Government, the Ministry of Finance , and the SSC have resolutely implemented many solutions to promote the development of the securities market; continuing to review legal regulations to promptly amend and supplement them in order to create the most favorable conditions for investors to participate in the securities market. In the policy-making process, the SSC has always been open to exchanging and engaging in dialogue with market participants and international organizations.

Scene from the working session (Photo: Financial Times)

Regarding international integration, the Chairman of the State Securities Commission shared further information about the successes of the Asia- Pacific Regional Sub-Committee Meeting (APRC) of the International Organization of Securities Commissions (IOSCO) recently held in Vietnam and the signing of the APRC Multilateral Memorandum of Understanding on Supervision (S-MMOU), contributing to the stable and sustainable development of the regional securities market.

During the meeting, Ms. Wanming Du, Director of Policy for the Index Department, Asia- Pacific region, expressed her pleasure and admiration for the positive information, proposed solutions, and development orientations for Vietnam's stock market. "This will create favorable conditions for FTSE Russell in making assessments of the Vietnamese stock market," Ms. Wanming Du stated.

At the end of the meeting, both sides agreed to continue strengthening information exchange to promote the process of upgrading the Vietnamese stock market according to FTSE Russell criteria.

10 potential stocks when the Vietnamese stock market is upgraded.

In its recent upgrade outlook report, SHS Securities assessed that Vietnam has met 7 out of 9 criteria for upgrading from FTSE Frontier Market to FTSE Secondary Emerging Market.

To filter the stocks selected for the basket, based on official FTSE documents as well as highly reputable sources, SHS Securities has compiled the following criteria:

Firstly, minimum market capitalization : the stock must meet the minimum investable market capitalization (i.e., market capitalization adjusted for free float) as stipulated by FTSE Russell.

Secondly, the minimum free float ratio , if the majority of a company's shares are held fixed by strategic shareholders (such as the State, management board, etc.) and only a very small percentage of shares are freely traded on the market.

Third, restrictions on foreign ownership (FOL).

Fourth, regarding liquidity requirements, a stock (not yet an index component) needs to have a trading volume that meets at least 0.050% of the total outstanding shares (after adjusting for free float and foreign ownership limits) for at least 10 out of the 12 months preceding the assessment.

In addition to the above criteria, SHS believes that several other conditions should be considered when selecting stocks, such as continuity of trading, listing status, company type, and securities.

Based on this, SHS selected a group of stocks with potential for price appreciation after the upgrade, including VNM (Vinamilk, HOSE); VHM (Vinhomes, HOSE); VIC (Vingroup, HOSE); HPG (Hoa Phat Steel, HOSE); SSI (SSI Securities, HOSE); MSN (Masan, HOSE); VCI (Vietcap Securities, HOSE); VND (VNDirect Securities, HOSE); VIX (VIX Securities, HOSE); and DGC (Duc Giang Chemicals, HOSE).

Assessment and recommendations

According to Mr. Vu Son Lam, a consultant at Mirae Asset Securities, the VN-Index has had six consecutive weeks of positive trading, officially surpassing the psychological 1,300-point mark last week and closing at 1,305 points. Although the net selling by foreign investors has not decreased (averaging 450 billion VND/session), strong demand from domestic investors has increased correspondingly, accompanied by sessions with trading values ​​approaching 20,000 billion VND.

However, investors should still be aware that the market is likely to experience volatility in the first two trading sessions of the week, before continuing to trade positively around the 1,300-point mark with high liquidity and widespread capital flows. Under these conditions, the easiest stocks to buy/sell are those in the securities sector or some representatives in the real estate sector, which will benefit during this period.

The volatility could intensify with some negative news from the US-China trade war or legal troubles involving some individuals over the weekend. A safe management benchmark could be the cash-to-account ratio; investors can proactively reduce their holdings to 50-70%.

ASEAN Securities assesses that the market has risen for six consecutive weeks without any significant correction, therefore investors need to be cautious in the coming period. At the same time, maintaining a sufficient amount of cash ready to be deployed in case of a correction will help investors maintain a strong position, thereby taking advantage of the market's strong long-term growth potential.

TPS Securities believes that the market decline on February 28th was mainly pressured by large-cap stocks, while other sectors such as Real Estate, Textiles, and Industrial Parks all saw price increases, indicating a clear divergence in the market. A positive point is that liquidity remains stable. The market in the next trading session may fluctuate between 1,296 and 1,310 points.

Dividend payment schedule this week

According to statistics, eight companies finalized dividend payments during the week of February 24-28, of which seven paid in cash and one paid in shares through a new stock issuance.

The highest percentage was 50.4%, and the lowest was 5.5%.

One company pays with shares and issues them:

ICD Tan Cang Joint Stock Company (ILB, HOSE) set March 6th as the ex-dividend date for both issuance methods: additional share issuance and stock issuance, with ratios of 50.4% and 5.5% respectively.

Cash dividend payment schedule

*Ex-dividend date: This is the trading day on which a buyer, upon establishing ownership of the shares, will no longer be entitled to related rights such as the right to receive dividends or the right to subscribe to newly issued shares, but will still retain the right to attend the shareholders' meeting.

Code	Floor	Ex-dividend date	TH Day	Proportion
cau	UPCOM	4/3	March 14th	14.4%
DAE	HNX	4/3	March 20th	12%
HPB	UPCOM	5/3	April 14th	15%
HBD	UPCOM	5/3	April 14th	13%
PDN	HOSE	7/3	1/4	20%
DNC	HNX	7/3	March 27	15%
DHC	HOSE	7/3	April 9th	10%

Source: https://phunuvietnam.vn/chung-khoan-tuan-3-7-3-vn-index-nhieu-kha-nang-rung-lac-trong-khoang-1296-1310-diem-20250303081413301.htm