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HOSE:TCB 7 March 2026

Ho Chi Minh Stock Exchange Last Week: VN-Index Sinks Below 1,800 in Broad Selloff

Ho Chi Minh Stock Exchange Last Week: VN-Index Sinks Below 1,800 in Broad Selloff

Vietnam’s VN-Index fell nearly 6% to 1,767.84 for the week ending March 6, with a 2.25% drop on Friday. Foreign investors sold a net 1.306 trillion dong on HoSE, hitting large caps like FPT and VIC. The selloff followed global market declines after Middle East conflict pushed oil higher. Despite the slide, foreign direct investment rose 8.8% to $3.21 billion in early 2026.

Stock Market Today

  • Crude Oil Prices Surge on Fears of Prolonged Strait of Hormuz Closure
    May 12, 2026, 5:14 PM EDT. Crude oil prices surged sharply as concerns mount over the extended closure of the Strait of Hormuz amid rising tensions between the U.S. and Iran. June WTI crude rose 4.19% and June RBOB gasoline gained 2.72%. President Trump's strong rhetoric against Iran and rejection of ceasefire proposals exacerbate fears of escalating conflict. The Strait of Hormuz, crucial for about 20% of global oil and liquefied natural gas shipments, remains closed, straining global supplies. Goldman Sachs estimates a 14.5 million barrels per day (bpd) production cut in the Persian Gulf and nearly 500 million barrels drawn from stockpiles. Despite OPEC+ plans to raise output, Middle Eastern producers are forced to cut due to the conflict. The International Energy Agency highlighted damage to over 80 energy facilities, projecting a recovery of up to two years.

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Ernexa Stock’s 58% Jump Shows How Fast a Tiny Biotech Can Reprice on Ovarian-Cancer Hopes

Ernexa Stock’s 58% Jump Shows How Fast a Tiny Biotech Can Reprice on Ovarian-Cancer Hopes

12 May 2026
Ernexa Therapeutics shares jumped 58.5% to $11.43 Tuesday after renewed investor focus on its preclinical ovarian-cancer therapy ERNA-101, following a May 11 investor event. Trading volume reached about 18.85 million shares. The company reported $8.3 million in cash as of April 30, less than needed for its 12-month plan, and may use an at-the-market stock sale to raise funds.
UnitedHealth Stock Climbs as Investors Reprice the Turnaround, Not Just the Latest Headline

UnitedHealth Stock Climbs as Investors Reprice the Turnaround, Not Just the Latest Headline

12 May 2026
UnitedHealth shares climbed 3.1% to $396.45 Tuesday after unveiling a new Optum Rx fee-based pricing model and raising 2026 profit guidance. The company reported Q1 revenue of $111.7 billion and adjusted earnings of $7.23 per share. Management said fundamentals are improving but described the turnaround as ongoing. Investors responded to both the PBM overhaul and stronger earnings outlook.
BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

12 May 2026
BuzzFeed shares jumped 97% to about $1.44 Tuesday after Byron Allen’s family office agreed to buy 40 million new shares at $3 each, securing 52% control. Only $20 million is due in cash at closing, with the rest as a five-year promissory note. BuzzFeed reported Q1 revenue down 12.4% to $31.6 million and a net loss of $15.1 million. The company warned of “substantial doubt” about its ability to continue operating.
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