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VIC rose to the ceiling at 207,200 dong, pushing the company's market capitalization to nearly 1.6 quadrillion dong (about $60 billion) on the day of its annual general meeting. VIC shares edged down more than 1% that morning from the reference price, but the decline did not last long. The price quickly turned green and continued to widen the gains. The stock hit the ceiling at about 207,200 dong roughly an hour before the close, with no sellers seen at the end of the session. VIC surged on the day the group held its annual general meeting in Hanoi. The gains lifted Vingroup's market capitalization to nearly 1.6 quadrillion dong, a new record for both the company and Vietnam's stock market. Turnover on the Ho Chi Minh City stock exchange weakened, down more than 3 trillion dong from the previous session. VIC and VHM topped the value traded, at 1,284 billion dong and 944 billion dong respectively. The VN-Index rose 24 points from the reference, to 1,857, the highest in two months. Excluding VIC, the VN-Index would have risen only about 2 points. In the near term, analysts at ACB Securities suggest the 1,850-point level remains an important resistance. The Ho Chi Minh City index is likely to trade around this level in the short term. In the medium term, the market is still in an uptrend and targets around 1,900 points after the current consolidation ends.
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…
