Stocks rise sharply again, billionaire Pham Nhat Vuong's shares 'turn purple'

The stock market continued to maintain a strong upward momentum, led by large-cap stocks, helping the VN30 index reach a new peak of 1,569 points.

The stock market is thriving thanks to many supportive cash flows - Photo: AI drawing

In the morning trading session on July 10, VN-Index continued to maintain its upward momentum, adding more than 11 points to 1,442 points.

Liquidity decreased compared to the same time yesterday morning, but still reached approximately the 5-session average, showing that active buying and selling activities are still quite balanced.

Vingroup shares pull the stock market

The biggest driving force for the increase came from the Vingroup family of stocks when these codes simultaneously broke through in terms of price, liquidity and active buying power.

Of which, four stocks VHM, VIC, VRE and VPL contributed 9.2 points to the total increase of 11 points of the index in the morning session. Only Vingroup's VIC code (+6.95%) remained purple until the end of trading.

In the afternoon session, foreign investors were more active in net buying, especially in the securities and banking groups. Foreign investors net bought SSI (VND 567 billion), VPB (VND 156 billion),SHB (VND 145 billion), HDB (VND 93 billion), VRE (VND 88 billion), VCB (VND 81 billion)...

On the contrary, this group strongly sold HPG codes of Hoa Phat (-372 billion VND), CTG (-54 billion VND), VCG (-43 billion VND), FRT (-42 billion VND)...

After 5 consecutive sessions of net buying across the market at over a trillion, today this group continued the trend but at a lower level (+976 billion VND). Accumulated from the beginning of the year until now, this group has only net sold over 30,000 billion VND.

The "slowdown" of foreign investors is in line with domestic ones, as total liquidity on all three exchanges today was less than VND30,500 billion, a significant decrease compared to the level of more than VND41,000 billion in the previous session.

While the HNX-Index (-0.08%) and UPCoM-Index (-0.21%) were both under slight correction pressure, the VN-Index, with support from Vingroup stocks, still increased by more than 14 points, reaching 1,445 points. Notably, the VN30 closed at its highest level in history, reaching 1,569 points.

The main stock market indexes performed in line with the international market. The US stock market rose in the session of July 9 despite Mr. Trump announcing additional tariffs on 7 countries. The USD weakened, and WTI oil prices fell due to an unexpected increase in US inventories.

Which stock groups are of interest at the end of the year?

Earlier, minutes from the Fed’s June meeting showed policymakers were divided on the impact of tariffs on inflation, with some saying it would be a one-time effect, while most worried inflation could be more persistent.

The Fed kept interest rates unchanged for the fourth consecutive time at 4.25-4.5%, despite growing pressure from President Trump to cut rates. However, many members still lean towards the possibility of a rate cut this year, with June CPI data due on July 15 providing the next important signal.

ACB Securities Market Analysis and Strategy Department (ACBS Research) has just released a strategy report for the second half of this year.

ACBS Research said it will focus on an investment strategy that prioritizes stability amid uncertainty.

"We are still concerned about the possibility of achieving high GDP growth in the second half of the year, as the constantly changing information on tariffs will impact not only Vietnam's export turnover, but also the structure of the current economy," ACBS Research commented.

However, they still believe that a stable interest rate environment and liquidity supported by both domestic and foreign investors will be positive catalysts supporting the VN-Index's growth.

Accordingly, the stock portfolio of industry groups that ACBS Research focuses on includes banking, consumer, public investment, technology, chemicals - fertilizers and civil real estate.

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BINH KHANH

Source: https://tuoitre.vn/chung-khoan-lai-tang-manh-co-phieu-cua-ti-phu-pham-nhat-vuong-tim-tran-20250710152436458.htm