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The stock market opened the new week with clear optimism as buying demand returned strongly after a correction. The highlight of the April 20 session was the surge in VHM and GEE shares, with both stocks hitting their ceiling prices and lifting the benchmark index by nearly 20 points.
In early trade, VHM (Vinhomes) faced selling pressure and opened in the red. The trend reversed quickly as “bottom-fishers” entered, helping the stock accelerate and close at the ceiling.
At the close, VHM traded at 145,100 dong per share, up 6.93% from the previous session, with over 6.8 million shares exchanged.
The rebound was attributed to both technical buying after the earlier drop and positive company news ahead of the 2026 annual general meeting on April 21. Vinhomes reportedly revised its targets upward, with revenue expected to reach 285,000 billion dong and net profit at 60,000 billion dong. This implies increases of 35,000 billion dong in revenue and 10,000 billion dong in net profit. If achieved, the plan would represent Vinhomes’ highest-ever net profit.
Compared with 2025 results, the updated targets imply 86% revenue growth and 38% net profit growth.
VHM’s ceiling run also supported other Vin group stocks, including VIC +1.65%, VRE +6.97%, and VPL +3.02%.
Gelex Electric’s GEE also posted a breakout rally. At the close, GEE traded at 192,000 dong, hitting the ceiling price, up 6.96% versus the previous session, with volume of over 1.5 million shares.
Earlier, GEE had fallen for four consecutive sessions, losing about 9% (equivalent to 17,800 dong per share). After the sharp correction, strong bottom-fishing demand returned on April 20.
Other Gelex group stocks also advanced: GEX +5%, EIB +0.67%, GEL +0.91%, and VGC +0.54%.
Overall, the market surged at the start of the week. By the close on 20/4, the VN-Index rose 19.94 points to 1,837.11. In contrast, the HNX-Index fell 2.67 points to 257.33, while the UPCoM-Index rose 1.12 points to 129.49.
A broad green across many large-cap names helped the VN-Index accumulate nearly 20 points during the session. Examples of gainers included HCM +3.52%, HDB +2.67%, HPG +1.61%, BCM +2.87%, FPT +1.18%, CTD +5.33%, and BMP +3.85%.
Despite the overall strength, some large-cap stocks pulled back, tempering market euphoria, such as VJC -1.41%, BSR -2.06%, DGC -2.57%, GVR -1.49%, MSB -1.58%, PLX -1.25%, and VPI -1.14%.
Foreign investors posted net selling of over 600 billion dong across the market. The largest sell was VIC with more than 878 billion dong. Other notable net sells included VPB (138.1 billion dong), BSR (52.93 billion dong), and GMD (44.56 billion dong).
On the buying side, foreign investors bought SSI the most (over 136 billion dong), followed by MWG (133.41 billion dong), FPT (104.99 billion dong), VHM (88.23 billion dong), and MSN (73.33 billion dong).
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