Stock market week 3-7/3: VN-Index likely to "shake" in the range of 1,296

VN-Index surpasses 1,300 points; 10 potential stocks when the market upgrades; Dividend payment schedule; BCG stocks plummet simultaneously.

VN-Index exceeds 1,300 points

The stock market ended February with positive results, continuing the previous 5 weeks of increases and successfully conquering the psychological barrier of 1,300 points after 8 months.

However, VN-Index quickly "shaken" at this threshold for the remaining 4 sessions of the week, even falling below 1,296 points in 2 trading sessions. Order matching liquidity last week remained high despite profit-taking pressure.

Cash flow was active across industry groups, with mid- and small-cap stocks trading more actively than large-cap stocks. The VN-Index closed the week at 1,305.36 points, up 8.61 points (+0.66%).

Chứng khoán tuần 3-7/3: VN-Index nhiều khả năng “rung lắc” trong khoảng 1.296 - 1.310 điểm- Ảnh 1. — Steel, securities, and real estate stocks lead the market (Photo: SSI iBoard)

Leading the market's breakthrough momentum and trading sentiment last week were industry groups such as: Steel (+6.30%), securities (+4.26%), seafood (+2.70%), industrial real estate (+2.34%)... On the contrary, adjustment pressure overshadowed a number of industry groups: Consumer goods (-3.88%), aviation (-2.39%), insurance (-1.89%)...

Regarding foreign transactions, foreign capital continued to sell strongly at the beginning of the week, including a sudden selling session worth thousands of billions at the end of the week. Accumulated after 5 sessions, foreign investors sold a net 2,747 billion VND in the whole market.

Bamboo Capital shares plummet

Recorded on the stock exchange 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 on February 28 at VND5,760/share. BCR (BCG Land, HOSE) decreased by 4%; BGE (BCG Energy, HOSE) decreased by more than 8%.

Not only did the price of Bamboo Capital's stocks drop sharply, they also recorded sudden liquidity under selling pressure from investors.

Chứng khoán tuần 3-7/3: VN-Index nhiều khả năng “rung lắc” trong khoảng 1.296 - 1.310 điểm- Ảnh 2. — BCG Land family stocks plummeted (Photo: Internet)

Accordingly, Bamboo Capital Group Joint Stock Company announced that it was notified by the competent authority of the decision to prosecute the case and the decision to prosecute the accused against Mr. Nguyen Ho Nam on February 28, 2025.

BCG said that as of April 27, 2024, Mr. Nguyen Ho Nam has resigned and no longer holds positions in the Board of Directors, Supervisory Board and Executive Board of the Company. The Company's production and business activities continue to operate normally.

Regarding issues related to this incident, the company said it will disclose information transparently in accordance with legal regulations to protect shareholders' rights.

SSC works with FTSE Russell to update progress on upgrading Vietnam's stock market

At the end of February, Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong chaired a working session with representatives of the market rating organization FTSE Russell. to update information and efforts of the management agency to promote the process of upgrading the Vietnamese stock market.

At the meeting, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said that in recent times, the Government, the Ministry of Finance, and the State Securities Commission have resolutely implemented many solutions to promote the development of the stock market; continue to review legal documents to promptly amend and supplement them to create the most favorable conditions for investors to participate in the stock market. In the process of policy making, the State Securities Commission is always open to exchanging and dialogue information with market members and international organizations.

Chứng khoán tuần 3-7/3: VN-Index nhiều khả năng “rung lắc” trong khoảng 1.296 - 1.310 điểm- Ảnh 3. — Working session scene (Photo: Financial Times)

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

At the meeting, Ms. Wanming Du, Director of Index Policy, Asia-Pacific region, expressed her joy and impression of the positive information, solution groups, and development orientation of Vietnam's stock market. "This will be a favorable condition for FTSE Russell in making assessments of Vietnam's stock market" - Ms. Wanming Du said.

At the end of the meeting, the two sides agreed to continue to increase information exchange to promote the process of upgrading Vietnam's stock market according to FTSE Russell's criteria.

10 potential stocks when Vietnam's stock market is upgraded

In a recent upgrade prospect report, SHS Securities assessed that Vietnam has met 7/9 criteria to upgrade from FTSE Frontier Market to FTSE Secondary Emerging Market.

To filter stocks for the basket, based on official FTSE documents as well as highly reputable sources, SHS Securities synthesizes a number of criteria as follows:

First, minimum market capitalization , the stock must reach the minimum investable market cap (ie capitalization adjusted according to free float) as prescribed by FTSE Russell.

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

Third, foreign ownership restrictions (FOL).

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

In addition to the above criteria, SHS believes that it is necessary to consider a number of other conditions such as continuity in transactions, listing status, type of company and securities to select stocks.

Based on that, SHS selected a group of stocks with potential to increase in price after upgrading, 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); DGC (Duc Giang Chemicals, HOSE).

Comments and recommendations

According to Mr. Vu Son Lam, consultant, Mirae Asset Securities, VN-Index has had 6 consecutive weeks of positive trading, last week officially surpassed the psychological mark of 1,300 points and closed at 1,305 points. Although the net selling momentum of foreign investors has not decreased (average 450 billion/session), the strong demand from domestic investors has increased accordingly, along with sessions with transaction values of approximately 20,000 billion VND.

However, investors still need to pay attention because the market is likely to fluctuate in the first two sessions of the week, then continue to trade actively around the 1,300 point mark with high liquidity and widespread cash flow. With the above conditions, the easiest group of stocks to buy/sell is the securities group or some representatives of the real estate group that benefit during this period.

The fluctuations may be stronger when some negative information from the US-China trade war or some individuals are involved in legal proceedings over the weekend. The safe management threshold can be from the money/account ratio, investors can proactively reduce the ratio to 50-70%.

Asean Securities assessed that the market has increased for 6 weeks without any significant adjustment, so investors need to be cautious in the coming period. At the same time, maintaining a certain amount of cash ready to disburse in case of adjustment will help investors have a solid position, thereby taking advantage of the strong growth potential of the market in the long term.

TPS Securities believes that the market on February 28 decreased with the main pressure from the large-cap group while the remaining industry groups such as Real Estate, Textile, Industrial Park all marked an increase in price, showing a clear differentiation in the market. The positive point is that liquidity is still being maintained stably. The market in the next trading session may fluctuate with scores in the range of 1,296 - 1,310 points.

Dividend schedule this week

According to statistics, there are 8 businesses that have decided to pay dividends for the week of February 24-28, of which 7 businesses pay in cash and 1 business pays in shares or additional issuance.

The highest rate is 50.4%, the lowest is 5.5%.

1 company pays by shares and issues:

Tan Cang ICD JSC (ILB, HOSE) set the ex-rights trading date as March 6 for both forms: additional issuance and shares, at rates of 50.4% and 5.5%, respectively.

Cash dividend payment schedule

*Ex-right date: is the transaction date on which the buyer, upon establishing ownership of shares, will not enjoy related rights such as the right to receive dividends, the right to purchase additional issued shares, but will still enjoy the right to attend the shareholders' meeting.