After yesterday's impressive increase (December 22), all forecasts from securities companies and investors showed optimism about the market's ability to continue.
This was demonstrated when entering today's trading session (December 23), the upward trend appeared right at the beginning of the trading session. VN-Index had increased by nearly 30 points to nearly 1,780 points at the beginning of the afternoon trading session. However, this was also the time when selling pressure appeared.
However, thanks to the traction for the index to continue to be a Vingroup group including VIC, VHM, VPL and VRE, VN Index ended today's session (December 21)12 points, equivalent to 1.21%, to 1,772.1 points. This is the highest score in the history of more than 25 years of operation of the Vietnamese stock market.
In contrast to the green color of the VN Index, today's HoSE electricity board was in red with 212 codes decreased, while the number of codes increased was only 102, including 8 codes increased.
In today's session, foreign investors extended their net buying streak on HoSE to the third session with more than VND715 billion. The top 5 most strongly collected codes are MWG, MBB, VIX, HPG, VNM.
At the end of the session on December 23, Vingroup shares (code: VIC) of billionaire Pham Nhat Vuong continued to have another flourishing session. VIC price "smoothed" to climb to 169,900 VND/share. The purple color not only covers VIC but also spreads strongly throughout the Vingroup ecosystem.
Notably, VHM also increased the ceiling to VND 114,900/share - the highest level in the past 2 months. Meanwhile, VPL (Vinpearl) recorded impressive developments with an increase of over 5%, bringing the market price to 103,000 VND/share.
The heat from the VIC and VHM duo contributed the largest proportion to the VN-Index with more than 22 points of increase, becoming the leader of the index surpassing the historical peak in today's session.
The strong increase has caused Vingroup's capitalization to exceed 1.3 million billion VND, an unprecedented record in the history of Vietnam's stock market. This capitalization scale is currently 2.7 times higher than Vietcombank - the second largest bank and exceeds the total capitalization of the 4 banks Vietcombank, BIDV, VietinBank and Techcombank combined.
Along with the increase of VIC shares, Mr. Pham Nhat Vuong's assets also increased rapidly. According to Forbes' real-time data, his assets reached 30 billion USD, an increase of 3.4 billion USD in just one day. This achievement puts him at 71st place in the list of the richest people in the world, surpassing billionaire Jack Ma, who currently owns 29.6 billion USD.
Another notable development of the stock market today is in the pair of STB and LPB banking stocks with new information about senior personnel, Mr. Nguyen Duc Thuy, who took on the position of General Director of Sacombank after leaving LPBank.
Accordingly, STB shares increased the ceiling by +6.9% to VND 56,000, matching 8.4 million units and had a ceiling purchase surplus of more than 9 million units, while LPB shares reversed when they decreased sharply by 5% to VND 41,800, matching more than 12.6 million units.
Experts say that in recent sessions, there have been many positive signals for the market when the sessions exploded in a momentum were confirmed, recording this increase as not only a technical recovery but also a longer increase, confirming the short-term bottom of the market and the bottom of some major stock lines such as banks and securities. However, it is too early to confirm that this is the beginning of a long-term uptrend.
