VIC stock hits ceiling, regains 3-year peak

At the close of trading on May 19, Vingroup Corporation shares (Code: VIC) hit the ceiling, with no sellers, at VND85,600/share, the highest in more than 3 years since early February 2022. After only 3 months, Vingroup shares have witnessed an increase of more than 110%, marking the strongest price increase in the VN30 group.

Thanks to that, Vingroup's market capitalization increased to more than VND327,300 billion (equivalent to USD12.6 billion), consolidating its position as the largest private enterprise on the Vietnamese stock exchange, with a capitalization second only to Vietcombank in the entire market.

VIC stock hit the ceiling, regaining the peak of 3 years ago.

Two other stocks in the Vin group also had positive developments. VHM of Vinhomes increased by 3.3% to VND58,800/share with 3.2 million shares matched, while VRE of Vincom Retail increased slightly by 0.6% with liquidity of more than 5.4 million units.

VIC's developments coincide with the information that Vingroup Corporation is one of the contractors participating in the Tu Lien Bridge construction project - one of Hanoi 's key infrastructure projects, which officially started construction on the morning of May 19.

The project consists of 4 components, with a total investment of nearly 19,830 billion VND, of which the construction of the bridge and the approach roads at both ends of the bridge alone is worth about 15,498 billion VND. The construction consortium includes Pacific Construction Group (China), Vingroup and other partners. The investor is the Hanoi Traffic Construction Investment Project Management Board.

Tu Lien Bridge is part of the capital's transport planning until 2030, with a vision to 2050, and plays a role in connecting the center of Hanoi with the northern and northeastern areas of the Red River and Thai Nguyen province. The project is expected to contribute to boosting the capital's economic growth to exceed 8% in 2025 and towards double-digit growth in the following years.

Closing the session on May 19, VN-Index decreased by 5.1 points to 1,296.29 points. Liquidity on HoSE was low with the matched value reaching about 19,600 billion VND.

Regarding foreign transactions, this group continued to net sell more than 540 billion VND in the whole market.

Chau Anh

Source: https://vtcnews.vn/co-phieu-vic-tang-tran-lay-lai-dinh-3-nam-truoc-ar944047.html