VN-Index surprises before Tet, a corporation sets new record with 9 billion USD capitalization

The stock market has just experienced a strong increase of more than 17 points before the Tet holiday. Large-cap stocks contributed to the increase of VN-Index.

Stock market turns green before Tet holiday - Photo: QUANG DINH

The stock market on the morning of January 23rd improved with the leading role of banking stocks. Although liquidity did not increase sharply, active buying power dominated throughout the morning session.

Nearly 530 stocks increased in price, securities flourished before Tet

After half a trading day, the VN-Index increased by nearly 13 points, equivalent to more than 1%. Continuing the positive developments, Vietnam's stock indices continued to increase. In particular, the HoSE index increased by 17 points at the end of the session, approaching the 1,260 point mark.

The total trading value of the entire market today was nearly 14,500 billion VND, a slight increase compared to the previous session. With nearly 530 stocks increasing in price, the green color dominated the red color. Statistics show that only 179 stocks decreased in price in today's session.

Contributing greatly to the excitement of the market on the eve of Tet are large-cap stocks such as banks, steel, and technology.

In the top 10 stocks with the greatest impact on the VN-Index, the banking group accounts for 7, including: VCB (+1.43%), LPB (+5.69%), VPB (+3%), CTG (+2.14%), TCB (+1.65%), BID (+1.01%), MBB (+1.88%).

The remaining 3 stocks also increased sharply, contributing positively to the overall market index such as: FPT (+3.1%), HPG (+1.9%), MWG (+3.14%). In the VN30 basket, there were 27 stocks increasing in price. Thanks to that, the VN30-Index increased by nearly 23 points.

On another positive note, foreign investors also returned to net buying slightly with more than 100 billion VND, after net selling continuously for 14 sessions without stopping.

The strongest buying codes of foreign investors are mainly banks and securities, such as: HDB, VCB, SSI, LPB, VCI, CTG, STB... and some real estate codes, such as: KBC, NLG...

FPT shares continue to hit new highs

Contributing to the impressive increase of the stock market in the last days of the year of the Dragon is the rise of FPT shares.

With an increase of more than 3%, FPT's market price continued to climb to a new peak of VND 154,300/share. This is the first time this stock has surpassed its peak after nearly 1 month of trading in 2025. However, last year FPT "shocked" investors when it reached its peak 42 times.

The sharp increase in market price has pushed FPT's market capitalization to continuously "fly high". At the end of the trading session on January 23, FPT's capitalization reached nearly 227,000 billion VND (nearly 9 billion USD).

This capitalization level has far surpassed even the very large private corporations of the Vietnamese stock market such as: Vingroup (155,000 billion VND), Hoa Phat (170,000 billion VND), Masan (94,000 billion VND)...

If calculated on the HoSE floor alone, FPT has the 3rd highest market value, only after the two "giants" in the banking industry: VCB (517,000 billion VND) and BID (275,000 billion VND).

In the whole market, FPT Corporation's capitalization value is still behind Viettel Global's VGI (VND 278,000 billion) and ACV (VND 266,000 billion).

Source: https://tuoitre.vn/vn-index-gay-bat-ngo-truoc-tet-mot-tap-doan-lap-ky-luc-moi-voi-9-ti-usd-von-hoa-20250123160018424.htm