Vietnamese stocks have 'strange' developments, gold giant stocks increase sharply after special news

Most Asian stock markets ended in the green after a US federal court suspended most of the tariffs imposed by Donald Trump on countries. In contrast, Vietnamese stocks struggled and ended the session in the red.

Novaland shares unexpectedly hit the ceiling with sudden liquidity today - Photo: AI drawing

Green continued to cover many Asian stock markets, including major indices such as Japan's NIKKEI 225 (+1.88%), Korea's KOSPI (+1.89%), China's Shanghai (+0.7%)...

The surge came after the US Court of International Trade suspended most of the tariffs that Mr. Trump imposed on countries, including a general 10% tax and tariffs on China, Mexico and Canada...

Contrary to the positive trend in the region, VN-Index failed to maintain synchronization as there continued to be a lack of contribution from banking stocks.

After 4 consecutive sessions of price increase, the HoSE index continued to add 4 points right at the opening this morning. Active buying power was overwhelming, but only concentrated in a few groups of stocks such as VPB, NVL, EIB, VIX - accounting for more than 60% of the active buying volume of the entire market.

In addition, industrial park real estate stocks also increased well, with BCM (+1.14%), SZC (+0.86%), IDC (+2.09%), SIP (+3.65%), KBC (+0.19%)...

Notably, PNJ reacted positively with a near-ceiling increase of more than 6% in the morning session. This positive development appeared right after General Secretary To Lam requested to remove the monopoly on gold bars, in principle the state still manages but can license many qualified enterprises to participate in production.

Analysts say that if qualified businesses are allowed to participate in gold bar production, PNJ and many other jewelry businesses will benefit positively by reducing the shortage of input materials.

Returning to the general market developments, the cautious sentiment increased towards the end of the session, with selling pressure becoming greater and greater. Market liquidity was only equivalent to the same time yesterday.

The Ho Chi Minh City Stock Exchange Index closed at 1,338.97 points, down nearly 3 points at the end of the morning session. In the afternoon session, the VN-Index fluctuated but not significantly and ended the session still in a slight decline, losing 0.01 points.

The most notable real estate stock group is Novaland's NVL, which hit the ceiling after positive news about the removal of obstacles at a project. NVL's liquidity also increased sharply, reaching nearly 63 million units, ranking second on the entire floor, just behind VPB.

In today's session, the banking group had a strong differentiation. Eximbank's EIB skyrocketed, approaching the ceiling and close to the historical peak. On the contrary, red covered many codes such as SHB (-1.45%), MBB (-0.41%), VCB (-0.18%), CTG (-1.64%)...

Divergence also occurred in the Vingroup group: VIC was under pressure to correct but "escaped" back to the reference zone at the end of the session, while VRE (+3.56%), VHM (+1.59%) and VPL (+0.57%) continued to increase in price.

Foreign investors strongly buy Novaland shares

At the end of today's trading session, there were a total of 394 stocks increasing in price, counterbalancing 353 stocks decreasing in price. However, due to the lack of strong traction from VIC and a series of large-cap stocks, the score is unlikely to break out as strongly as in previous sessions. In the VN30 basket, there were 21 stocks decreasing in price, creating significant pressure on the market.

Foreign investors continued to net sell more than 300 billion VND, focusing on "dumping" codes such as CTG, GEX, HPG, VHM, VIC, VSC... On the other hand, this group unexpectedly net bought NVL with a value of about 290 billion VND. In addition, codes such as NLG, EIB, MSB, PNJ... were also in the group that foreign investors actively net bought today.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-viet-co-dien-bien-la-co-phieu-dai-gia-vang-tang-nong-sau-tin-dac-biet-20250529153540565.htm