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While the overall sentiment remained positive, some stocks faced selling pressure. The Bank for Foreign Trade of Vietnam (VCB) fell by 0.32%, Vietnam Airlines JSC (HVN) dropped by 2.07%, and Hòa Phát Group JSC (HPG) saw a decline of 0.57%.
Kioxia Holdings, targeting an IPO as early as October, plans to use the proceeds for research and development and capital investments to enhance its competitiveness. The move comes amidst signs of market recovery and growing demand for semiconductors driven by digitalization and AI.
Ola Electric Mobility’s IPO saw a strong debut, with shares hitting the 20% upper circuit limit and closing at Rs 91.18, a significant rise from the issue price of Rs 76. The issue was oversubscribed 4.27 times, raising Rs 6,146 crore.