"Monk tycoon" stocks skyrocket, steel industry shines with purple and green

(Dan Tri) - Steel industry stocks increased simultaneously, including HSG of "monk tycoon" Le Phuoc Vu, which hit the ceiling.

The stock market performed positively in the trading session on September 4. VN-Index closed at 1,696.29 points, up nearly 15 points from yesterday. Liquidity on the HoSE floor reached nearly VND39,827 billion.

The bright spot of the market was the steel stocks group, which were all in green and purple. Some stocks hit the ceiling such as HSG (Hoa Sen), NKG (Nam Kim), TLH (Tien Len Steel). Of which, HSG shares, chaired by Mr. Le Phuoc Vu, were traded with nearly 29 million units.

Steel industry stocks performed positively (Screenshot).

Some other steel stocks are also on a strong growth trend such as HPG ( Hoa Phat ) up 6%, TIS (Thai Nguyen Iron and Steel) up 3.77%, GDA (Ton Dong A) up 5.5%...

Steel stocks are excited in the context of many positive factors affecting this industry. Vietnam's steel consumption output and prices are expected to grow thanks to the recovery of the domestic real estate industry and the promotion of public investment disbursement in the last year of the 2021-2025 period. The application of anti-dumping tax on Chinese steel also supports Vietnam's steel prices.

According to MBS Research, in July, domestic steel consumption output grew by 16% year-on-year thanks to the positive impact of recovering real estate supply and increased public investment disbursement.

The downward pressure on Chinese steel prices has also eased thanks to the government’s drastic measures to cut production. In July, production in this country fell 4% compared to the same period last year and 3% since the beginning of the year.

In addition, raw material prices such as coal and ore are forecast to decrease by 4-5% year-on-year amid abundant supply, which will support the gross profit margins of steel manufacturing enterprises. This unit forecasts that the entire steel industry's profit in the 2025-2026 period could grow by up to 47% year-on-year.

Returning to the general market developments, banking stocks also had many positive developments today. Some codes increased strongly affecting the general index such as LPB, VCB, VPB, MSB, SSB, TPB,ACB .

The market is still under net selling pressure from foreign investors. Net selling value this session reached more than 790 billion VND. Codes that were strongly net sold include VPB, VHM, MSN, MWG, GEX, DXG...

Source: https://dantri.com.vn/kinh-doanh/co-phieu-dai-gia-di-tu-tang-bung-noc-nganh-thep-rang-ro-sac-xanh-tim-20250904154844880.htm