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Sacombank shares (STB) drew unexpected investor attention on May 12, 2026, rising toward the upper trading limit and reaching a new all-time high shortly after the bank announced senior management appointments. At the close on May 12, STB traded at 76,800 VND per share, up 6.37% from the previous session, with more than 6.9 million shares changing hands on matched orders. The move set a new peak price and lifted Sacombank’s market capitalization to about 144.784 trillion VND.
The rally followed Sacombank’s announcement appointing Mr. Luu Danh Duc and Mr. Nguyen Hoang Hai as Deputy General Directors.
STB’s upward momentum also lifted LPB, another bank stock linked to Bu Thuy, where Mr. Nguyen Duc Thuy serves as Vice Chairman of Sacombank’s Board. At the close, LPB gained 3.22% to 54,500 VND per share, with nearly 2.5 million shares traded. The session also marked the highest price level for LPB, taking its market capitalization to about 162.806 trillion VND.
The gains in STB and LPB came amid sharp fluctuations across the broader market on May 12. After a sharp decline in the prior session, the VN-Index opened lower as investor sentiment remained cautious. However, buying demand increased toward the end of the session, helping major indices turn positive.
Oil and gas stocks were among the notable gainers, including BSR (+4.86%), GAS (+3.94%), PVD (+1.59%), and PLX (+2.72%). In real estate, VIC (-0.45%) and VHM (-0.5%) eased slightly, while NVL (-2.98%) and SIP (-1.18%) were among the larger decliners among major names. Elsewhere, several large-cap stocks rose strongly and supported the market’s rebound, such as VRE (+5.51%), DXG (+3.18%), KBC (+2.31%), and VPI (+3.16%).
Foreign investors continued to net sell more than VND 800 billion across the market on May 12. The largest selling pressure came from FPT, valued at over VND 171 billion. Other notable net sellers included VHM (VND 154.27 billion), MSB (VND 136.71 billion), and ACB (VND 129.57 billion).
On the buying side, VIC attracted the largest inflow of over VND 196 billion, followed by VRE (VND 118.36 billion) and GEX (VND 96.86 billion).
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
