Vingroup shares pull VN-Index to record high, emphasizing market recovery

(NLDO)- The group of stocks belonging to the Vingroup ecosystem of billionaire Pham Nhat Vuong continued to "make waves" when they hit the ceiling price at the end of the week.

The Vietnamese stock market closed the trading session on the weekend of October 10 in an exciting atmosphere. The VN-Index increased sharply by 31.08 points (+1.81%) to 1,747.55 points, a record high ever. Market liquidity reached more than VND33,900 billion, reflecting a strong return of cash flow to many large-cap stocks, especially blue-chip stocks.

Vingroup family shares hit ceiling

The focus of the weekend trading session belonged to the Vingroup stock group, when the three pillar codes VIC, VHM and VRE all increased strongly, contributing more than 24 points to the index's upward momentum.

Of which, VIC increased by the ceiling of 7% to 192,000 VND, VHM also increased by 7% to 123,000 VND, and VRE increased by 6.1% to 25,400 VND.

This development helped the group of stocks belonging to the Vingroup ecosystem become the "locomotive" pulling the market to break out, strengthening investors' confidence in the ability to enter a new recovery cycle.

Three pillar codes VIC, VHM and VRE all increased strongly, contributing more than 24 points to the index's upward momentum.

In just 6 months, the "Vingroup" group of stocks has really made waves across the market: VIC increased by 322%, VHM increased by 240% and VRE increased by 210%. According to experts, this strong increase in price comes from expectations of improved profit prospects, along with positive signals of foreign capital returning to the market.

Positive signal

A securities brokerage director commented: The current increase comes mainly from Vingroup stocks, while other groups such as banks, securities, retail and steel only increased by 8-10% in the past week. If this group pauses, the cash flow may spread to other sectors, opening up opportunities for many new "super stocks" to appear.

Vingroup stocks increased sharply, pulling the whole market to a record high.

Not only Vingroup, a series of other large codes such as HPG,FPT , MSN, TCB, VCB also recorded positive green, contributing to spreading the increase to the entire VN30 group. Cash flow in the session focused strongly on blue-chip stocks, showing that investors are prioritizing businesses with good fundamentals and the ability to lead the index during the period when the market re-establishes an upward trend.

VN-Index ended the week with a strong "candle", closing the accumulation period that lasted more than a month and a half. The index surpassed the 1,700 point mark, showing a positive and sustainable technical signal. While VN-Index increased strongly, HNX-Index slightly decreased by 1.32 points to 273.62 points, reflecting a certain differentiation between industry groups.

Official launch of VN100 Index Futures Contract

On the same day, the Vietnam Stock Exchange (VNX) officially launched VN100 Index Futures trading, marking an important development step in the process of diversifying products and expanding the scale of the derivatives market.

Mr. Le Xuan Hai, General Director of VNX, said that the VN100 index futures contract is a product that follows the success of the VN30 contract, designed to expand the representative scope of listed stocks.

"This new product will help investors have more investment tools, better risk management, and increase liquidity and transparency for the Vietnamese derivatives market," Mr. Hai emphasized.

Mr. Bui Hoang Hai, Vice Chairman of the State Securities Commission (SSC), said that the introduction of VN100 Index Futures Contracts into trading is part of the roadmap for the Stock Market Development Strategy to 2030, in line with international trends.

The State Securities Commission will continue to research and develop new products such as options contracts and structured products, thereby perfecting the derivatives market ecosystem, meeting diverse investment needs and supporting the goal of upgrading the Vietnamese stock market in the coming time.

Source: https://nld.com.vn/co-phieu-ho-nha-vingroup-keo-vn-index-len-muc-cao-ky-luc-196251010160312936.htm