Stocks surpass historical peak, major credit goes to Vingroup stocks

The Vietnamese stock market continued to have a positive trading session on October 10, when the VN-Index increased sharply by 31 points to 1,747.55 points, officially setting a new historical peak.

Real estate stocks "flew" strongly under the support of Vingroup group - Photo: QUANG DINH

The focus of the market today continues to be on Vingroup stocks when VIC and VHM both increased to the maximum limit, while VRE increased by 6.18% - also close to the ceiling.

This trio contributed the most to the index's growth, helping the real estate group increase by an average of 4.8%, becoming the locomotive pulling the VN-Index past the peak.

In addition, stocks in the same industry such as NVL, DIG, KBC, TCH, NLG also increased sharply with sudden trading volume, at the same time attracting net buying power from foreign investors, showing that cash flow is returning to real estate stocks after a long accumulation period.

Total market liquidity reached over VND36,500 billion on the three exchanges, higher than the average of the last 5 sessions, showing a clear improvement in cash flow. Active buying power remained throughout most of the trading time, although it slowed down somewhat towards the end of the session.

The uptrend spread as 17/22 industry groups recorded green. Besides real estate, the steel group also increased strongly thanks to HPG's 2.5% increase, contributing to strengthening positive sentiment.

Industrial groups (electrical equipment, transportation) and essential consumer goods (SBT, MCH, VHC) also increased simultaneously.

On the contrary, the stock group had a divergent performance after a recent strong increase. Some codes still maintained a slight green color such as SSI (+0.12%), VCI (+1.28%), HCM (+0.37%), CTS (+0.83%), while VIX (-1.18%), SHS (-0.75%) adjusted down.

According to analysts, profit-taking pressure increased in this group after information that the Vietnamese stock market was upgraded in the latest assessment.

Foreign investors' activities were also more positive when the net selling scale sharply decreased to more than VND 700 billion, focusing on some large codes such as VPB (-VND 310 billion), CTG (-VND 263 billion), MSN (-VND 250 billion), VRE (-VND 195 billion) and SHS (-VND 145 billion).

Although there is still profit-taking pressure in some industry groups, domestic investor sentiment has improved significantly, thanks to the active cash flow spreading and the strong leadership of the pillar stocks of the Vingroup family, helping the market set a new record in trading history.

In a related development, the Vietnam Stock Exchange held an opening ceremony for VN100 Index Futures trading on October 10, marking an important step in the process of diversifying products and expanding the scale of the Vietnamese derivatives market.

Mr. Le Xuan Hai - General Director of Vietnam Stock Exchange - said that VN100 index futures contract is a product following the success of VN30 index set, designed to expand the representative scope of component stocks in the listed stock market, better meet the investment needs, as well as risk management of organizations and individuals.

The new product is expected to diversify investment tools, increase liquidity and contribute to improving the efficiency and transparency of the Vietnamese derivatives market.

Back to topic

BINH KHANH

Source: https://tuoitre.vn/chung-khoan-vuot-dinh-lich-su-cong-lon-thuoc-ve-co-phieu-ho-vingroup-20251010150612576.htm