The stock market opened with a gain of more than 9 points in the ATO session, carrying momentum from the previous day's strong increase. However, the VN-Index quickly fluctuated around the reference point, changing direction frequently. Trading volume increased significantly, maintaining a level of 3,000-4,000 billion VND compared to the same period in the previous session. After 10:20 a.m., the general index fell into negative territory until it was pulled back to the reference point before the lunch break.
In the afternoon, the VN-Index improved significantly, at one point testing near the 1,670-point region, but soon retreated. However, market breadth did not change much compared to the morning session, with about one-third of the stocks on the HoSE remaining in decline. Towards the end of the session, the VN-Index improved further and closed above 1,666 points, up nearly 9 points compared to the previous day.
Market consensus was not high, as evidenced by the relatively small difference between the number of gaining and declining stocks, with 188 and 126 respectively. 5 out of 19 stock groups recorded declining sector indices. The general index was mainly supported by Vingroup's VIC stock.
VIC closed up 6% at 158,000 VND per share. This is the highest price ever for Vingroup stock. Trading volume reached nearly 434 billion VND, primarily driven by active buying. Since the beginning of the year, VIC stock has increased by nearly 290%, adding about 450,000 billion VND to its market capitalization.
 |
Investors are monitoring VIC stock on 25/9. Photo: Quynh Tran |
Investors are monitoring VIC stock on 25/9. Photo: Quynh Tran
Vingroup has recently received much positive news. They have just entered the power sector with the Hai Phong LNG thermal power plant project, with a total design capacity of 4,800 MW. This project is invested by the Vingroup Corporation - VinEnergo Energy Joint Stock Company consortium with a total capital of over 178,012 billion VND.
In parallel, its subsidiary, Vietnam Exhibition Fair Center (VEF), proposed an interim cash dividend payment of 33,000 VND per share. It is estimated that Vingroup could receive nearly 4,600 billion VND.
VIC's leadership also helped the real estate sector index maintain outstanding performance. CII and TDH also hit the ceiling price in this sector, with CII recording a trading volume of over 613 billion VND. Other stocks such as VCG, TCH, and NLG all gained over 2%.
Total trading value on the HoSE slightly improved by nearly 700 billion VND to over 27,800 billion VND. This is also the third consecutive session with trading volume below 30,000 billion VND.
Foreign investors net sold about 2,063 billion VND, an increase of nearly 37% compared to yesterday, marking the seventh consecutive net selling session. They focused on selling VPB, FPT, SSI, KBC, VHM, VND... Conversely, VIC was the only stock that foreign investors net bought over 100 billion VND.
Tat Dat
