Vietcap Daily - VN-Index surges 1.4% - TDM, HDC, BID, BVH, FRT

* TDM: 4M results align with forecasts

* HDC: Strong 2025G earnings growth guidance driven by transfers of Dai Duong & Thong Nhat, property handovers - AGM Note

* BID: Upgrade to BUY on valuation after tariff-driven dip – Update

* BVH: Top-line recovery, improving underwriting policies to lift ROEs – Update

* FRT: Healthcare business continues robust growth - Update

* Market wrap: VN-Index surges 1.4%

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Market wrap: VN-Index surges 1.4%

The VN-Index surged 1.4% (+18.1 pts) on Monday to close the trading day at 1,332.5. Real estate and bank stocks fueled the market’s gain. Across the index, there were 229 gainers, 72 laggards, and 44 unchanged stocks. Total trading volume increased from the previous trading day to USD895.4mn.

* Real estate tickers VHM (+6.8%), BCM (+4.9%), KDH (+3.2%), NVL (+2.8%), and KBC (+3.0%) jumped, while VIC (+1.6%) strongly gained.

* Banks CTG (+1.2%), HDB (+2.3%), VCB (+0.4%), LPB (+1.7%), and TCB (+0.7%) were among the top ten gainers affecting the index.

* Industrial stocks GEE (+3.8%), GEX (+4.2%), GMD (+4.5%), and VGC (+4.5%) sharply increased.

* Other notable gainers included rubber producer GVR (+6.9%), chemical company DGC (+2.5%), fish exporter VHC (+6.8%), food & beverage conglomerate MSN (+0.9%), and utility companies REE (+2.1%) and POW (+1.1%).