Vingroup shares surpass previous peak.

The sharp rise in VIC shares has propelled the wealth of Vingroup Chairman Pham Nhat Vuong to new heights. In just the morning trading session of June 24th, Mr. Vuong's assets increased by thousands of billions of dong.

The value of assets based on VIC shares directly held by the Chairman of Vingroup has exceeded 170,000 billion VND. Photo: VIC .

The Vietnamese stock market opened the trading session on June 24th in an upbeat mood, with strong buying pressure on large-cap stocks driving indices sharply higher from the start of the session. At one point, in less than an hour of trading, the VN-Index rose by more than 24 points, surpassing the 1,893-point mark and approaching its historical peak.

However, the positive movement of the index does not accurately reflect the overall market picture. The upward trend was mainly driven by a few ultra-large-cap stocks, notably those belonging to the Vingroup ecosystem. Meanwhile, most stocks on the market faced downward pressure, with common declines of 1-3%, resulting in a market breadth heavily skewed towards sellers.

By around 10:00 AM, the VN-Index had significantly narrowed its gains, rising only 13.45 points (+0.7%) to 1,882 points. On the Hanoi Stock Exchange, the HNX-Index fell 1.59 points (-0.5%) to 324.79 points, while the UPCoM-Index lost 0.33 points (-0.3%) to 127.1 points.

Market liquidity has also not shown a significant improvement. The total trading value on all three exchanges by 10:00 AM reached approximately 4,200 billion VND , nearly equivalent to the same time in the previous session. This indicates that capital flows are still concentrated on a few leading stocks instead of spreading widely across the market.

The focus of the trading session continued to be on Vingroup's VIC stock. After rising more than 4% in the morning session, VIC's share price surged to 241,000 VND/share, officially surpassing the peak set about a month ago and establishing its highest price in history.

Since the beginning of the year, VIC shares have increased by nearly 50%, becoming one of the most impressively performing large-cap stocks on the Vietnamese stock market.

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VIC's strong growth has also contributed to raising Vingroup's market capitalization to approximately 1.9 trillion VND . Notably, this market capitalization now exceeds the combined market capitalization of the five largest listed companies on the market that are immediately behind Vingroup.

VIC shares hit a new high. Photo: TradingView.

VIC's surge simultaneously helped Vingroup Chairman Pham Nhat Vuong 's stock market assets reach a new milestone. With direct ownership of nearly 704 million VIC shares, equivalent to over 9% of the group's charter capital, the value of Mr. Vuong's holdings increased by approximately VND 8,400 billion in just one trading session.

At current prices, the value of VIC shares held by this billionaire is approximately 170 trillion VND , further solidifying his position as the richest person on the Vietnamese stock exchange.

Besides VIC, LPBank's LPB stock also became a notable "hot spot" in the morning session, continuing to surge to its ceiling price of over 56,000 VND/share. If it maintains this price until the end of the day, LPB will record two consecutive sessions of hitting the ceiling price with high trading volume.

The surge in LPB shares occurred immediately after LPBank announced the list of shareholders owning 1% or more of the charter capital, which for the first time included the name of Mr. Pham Nhat Vuong.

According to an announcement by LPBank on June 23rd, the Chairman of Vingroup currently owns 146.2 million LPB shares, equivalent to 4.894% of the bank's charter capital. At the current market price, this investment is worth approximately 8,200 billion VND .

According to sources from Tri Thuc - Znews , this is a personal investment by Mr. Pham Nhat Vuong, made from his idle funds. After becoming a major shareholder of LPBank, the Chairman of Vingroup will not participate in the management, operation, or business activities of this bank.

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Source: https://znews.vn/co-phieu-vingroup-vuot-dinh-post1662616.html