Vietcap Daily - VN-Index sees strong gain of 1.3%

* Power Sector: Power demand, CGM price slightly lower-than-expected
* HDB: Aiming for strong growth targets, asset quality improvements; downward pressure on NIM - Analyst Meeting Note
* VPB: Maintaining strong growth targets though ancticipating tariff challenges – Analyst Meeting Note
* Macro Update: Vietnam’s macroeconomic data remains solid
* PLX: New pricing mechanism to mark new cycle for industry - Update
* Market wrap: VN-Index sees strong gain of 1.3%

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Market wrap: VN-Index sees strong gain of 1.3%

The VN-Index saw a strong gain of 1.3% (+16.3 pts) on Wednesday to close the trading day at 1,309.7. Today marks the index’s recovery to the 1,300 point threshold after significant losses following the US reciprocal tariff announcement in early April. Across the index, there were 179 gainers, 121 laggards, and 53 unchanged stocks. Total trading volume sharply increased from the previous trading day to USD1.1bn.

* Several banks surged, including VCB (+3.3%), BID (+4.6%), TCB (+1.5%), VPB (+6.8%), LPB (+2.7%), and HDB (+1.8%).

* In real estate, VIC (-2.6%) and VRE (-2.8%) plunged, as BCM (+1.1%), NVL (+1.7%), and PDR (+1.8%) surged, and VIC (+0.3%), KDH (+0.3%), and KBC (+0.6%) advanced.

* Other strong gainers included hospitality company VPL (+6.9%), tech company FPT (+5.7%), steelmaker HPG (+1.4%), utility company REE (+4.1%), and jewelry retailer PNJ (+4.6%).

* Rubber producer GVR (-2.3%), airline HVN (-1.1%), milk producer VNM (-0.5%), and industrial company VGC (-1.3%) were among the notable laggards in various sectors.