Vingroup's group of stocks surged, reaching the purple (highest possible price) mark.

The stock market opened the trading week (July 31st) with a strong increase, pushing the VN-Index further above the 1,220-point mark. The gains narrowed somewhat towards the end of the session, but the VN-Index still closed up 15.23 points at 1,222.9 points. Similarly, on the Hanoi Stock Exchange, the HNX-Index closed up 2.02 points at 239.55 points. The most notable performance of the session was by the Vingroup group of stocks, with leading stock VIC of Vingroup Group hitting its ceiling price in the morning and maintaining it until market close.

VIC shares surged by the maximum allowed limit of 7% to 55,100 VND with over 10.5 million units traded. This is also a significant increase in trading volume compared to previous months for VIC. Next, VHM shares of Vinhomes Joint Stock Company also rose sharply to 63,000 VND with over 5.5 million units traded. Finally, VRE shares of Vincom Retail Joint Stock Company also increased by 2.95% to 29,650 VND.

Rendering of VinFast 's first electric vehicle manufacturing plant in the US.

The stocks VIC and VHM have attracted investor attention following a series of positive developments. These include strong business results in the first six months of this year, with VIC recording pre-tax profits exceeding VND 7,900 billion, a 128% increase compared to the same period last year. Simultaneously, VinFast's F-4 registration filing related to the business combination transaction with Black Space was announced by the US Securities and Exchange Commission on July 28th, and VinFast is expected to list in August of this year as planned. Prior to this, VinFast officially commenced construction of its electric vehicle manufacturing plant in the US. This will be the first electric vehicle production facility in North Carolina and the largest economic development project in the state's history to date.

VHM also reported a net profit attributable to parent company shareholders of VND 9,652 billion in the second quarter of 2023, nearly 14.5 times higher than the same period last year. This result brings the net profit for the first six months of this year to VND 21,600 billion, an increase of 295% compared to the same period last year and completing 72% of the annual plan...

Following the Vingroup stocks, most real estate and construction stocks also performed well. Stocks such as NVL, DXG, KBC, KDH, NLG, ITC, ITA, QCG, NTL... all rose simultaneously.

Cash flow continued to increase strongly in the stock market. On the HOSE exchange alone, the trading value exceeded 1 billion USD with more than 1.2 billion shares and fund certificates traded, totaling 24,097 billion VND. On the HNX exchange, more than 119.3 million units were traded with a total value of 1,956.7 billion VND.

Source: https://thanhnien.vn/co-phieu-ho-vingroup-noi-song-tim-lim-185230731151306105.htm