What happened to Vingroup's stock?

The trio of stocks VIC, VHM, and VRE all surged to their upper limit on June 18th, contributing over 33 points to the VN-Index and becoming the biggest driving force behind the market's strong increase.

The sharp rise in Vingroup 's stock price has helped the Vingroup Chairman's net worth return to nearly $32 billion. Photo: VIC .

The Vietnamese stock market experienced a positive trading session on June 18th, with indices rising sharply across the board. However, the market's gains were almost entirely driven by stocks within the Vingroup ecosystem.

For most of the trading session, cash flow did not show widespread distribution. Many key sectors such as banking, securities, steel, and real estate, outside of the "Vin group," mainly faced downward pressure. Nevertheless, the strong rebound of Vingroup stocks was enough to keep the VN-Index in positive territory throughout the session and close at a high level.

Market liquidity continues to be a drawback as cash flow shows no significant signs of improvement. The total trading value across the three exchanges reached only nearly 19,000 billion VND , a decrease of approximately 18% compared to the previous session.

At the close of trading, the VN-Index rose 24.27 points (+1.3%) to 1,830.47 points. The HNX-Index increased 5.96 points (+1.8%) to 336.16 points, while the UPCoM-Index gained 1.16 points (+0.9%) to 128.23 points.

It is noteworthy that the sharp increase in the indices does not accurately reflect the overall market trend. Across the market, there were 377 declining stocks (including 7 that hit the floor price), 895 stocks remaining unchanged, and 283 rising stocks (including 18 that hit the ceiling price).

A similar trend was observed in the VN30 basket, with the number of declining stocks overwhelmingly outnumbering the rising ones. At the close of trading, the large-cap basket recorded 18 declining stocks, 11 rising stocks, and only GVR maintained its reference price. Despite this, the VN30 index still rose by more than 10 points, to 1,967 points, thanks to the strong performance of several large-cap stocks.

The market's focus shifted to the "Vin Group" stocks. The trio of VIC, VHM, and VRE all surged to their upper limits, while VPL rose 1.9%.

The VN-Index gained 24 points thanks to Vingroup's group of stocks. Photo: TradingView.

You may also like

Ho Chi Minh City experienced an 8.55% growth rate in the first six months of the year.Ho Chi Minh City's economy recorded a growth rate of 8.55% in the first six months of the year, with the service sector continuing to be the main driving force and FDI inflows increasing sharply compared to the same period last year.

Gold and silver prices surged.During the US trading session (night of July 2nd), world gold and silver prices rose sharply by 2.5 - 4.4% after the US released employment data.

The stock market is playing a crucial role in mobilizing and allocating resources for businesses.The Vietnamese stock market is sending noteworthy signals as fundraising activities continue to accelerate amidst an economy entering a phase requiring greater investment resources to realize double-digit growth targets.

This group of stocks alone contributed more than 33 points to the VN-Index, exceeding the index's total increase of 24.27 points. This means that if the impact of VIC, VHM, VRE, and VPL is excluded, the VN-Index actually declined in today's trading session.

The sharp rise in Vingroup's stock price occurred amidst preparations by numerous companies within the ecosystem to implement large-scale dividend payment plans for shareholders.

Recently, the Board of Directors of Vinhomes approved a plan to pay dividends for 2025 in cash at a rate of 60%, equivalent to 6,000 VND per share. With over 4.1 billion shares outstanding, the total amount Vinhomes expects to spend on this dividend payment is approximately 24,645 billion VND .

As the largest shareholder, directly owning approximately 72% of Vinhomes' capital, Vingroup Group is expected to receive nearly 18,000 billion VND in cash from this dividend distribution.

Vinhomes has also planned to issue shares as a dividend at a ratio of 1:1. According to the announced plan, the company will issue more than 4.1 billion additional shares from accumulated undistributed after-tax profits up to the end of 2025.

Following the issuance, Vinhomes' charter capital will double from VND 41,074 billion to VND 82,148 billion . The implementation is expected to take place in the second and third quarters of this year.

On the same day, the Board of Directors of Vincom Retail also approved the plan to pay a cash dividend for 2025 at a rate of 10%, equivalent to 1,000 VND per share.

With nearly 2.3 billion shares outstanding, Vincom Retail is expected to spend approximately 2,300 billion VND on this dividend payment.

Thus, considering only the two large listed companies within the Vingroup ecosystem, Vinhomes and Vincom Retail, the total value of cash dividends expected to be paid to shareholders in the near future has reached nearly 27,000 billion VND .

Besides the "Vin Group" stocks, the market was also supported by several other stocks such as GAS (+1.1%),ACB (+1.8%), HVN (+1.3%), HCM (+3.5%), PC1 (reaching the ceiling price) and MSB (+1%).

Foreign investors continued to disappoint, selling net 1,800 billion VND today, concentrated in blue-chip stocks such asFPT (-501 billion VND ), VHM ( -181 billion VND ), and TCB ( -159 billion VND ).

United States - Vietnam: Don't miss

The Ministry of Foreign Affairs received a copy of the Letter of Credence for the U.S. Ambassador to Vietnam.On the afternoon of July 2nd, at the Ministry of Foreign Affairs headquarters, Mr. Le Cong Dung, Director of the State Protocol and Foreign Interpretation Department, received a copy of the Letter of Credence from Ms. Jennifer Wicks, Ambassador of the United States of America to Vietnam.

Ambassador Nguyen Quoc Dung visits and works in Minnesota, USA.From June 28-30, the Vietnamese Ambassador to the United States, Nguyen Quoc Dung, paid a visit and worked in Minnesota.

Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries.

Meanwhile, VIC saw net buying of nearly 74 billion VND , while PVS and PC1 were both net bought for 33 billion VND .

Source: https://znews.vn/chuyen-gi-da-xay-ra-voi-co-phieu-vingroup-post1661001.html